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Question 5: A) Now day's businesses are transforming from conventional to electronic modes. Sometime it becomes challenging for a manager to satisfy such a diversified
Question 5: A) Now day's businesses are transforming from conventional to electronic modes. Sometime it becomes challenging for a manager to satisfy such a diversified nature of customer. So it's very important that what you are offering to customers is according to their needs. In above scenario, logically prove how inventory of a business put direct effect on its productivity? (4 Marks, Word Limit 150 - 200) B) Assume that Mr. Mohammed's father was a businessman who died last month. So as a result Mohammed has to take care of the business of food store in Ibri last month. The business offers fruits, vegetables and dairy products in inventory. Few days back some employees of Al Marai Company were infected with corona virus and the company suspended their supply of dairy products. This store is the only store in that area and Mohammed is stressed as customers are having demand of products and supply is not there. Moreover customers also think that Mohammed's father was better managing the business and now they are blaming Mohammed for such failure. By looking at the nature of inventories which Mr. Mohammed have, which inventory system will you suggest him for his inventory? Also suggest some solution to Mr. Mohammed to overcome the situation of product shortage. Support your answer with logic. (6 Marks, Word Limit 100 - 150)
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