Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Suppose your business model is to buy products wholesale and sell directly to customers through an online selling platform. You are trying to decide what

Suppose your business model is to buy products wholesale and sell directly to customers through an online selling platform. You are trying to decide what product to sell (For example office supp, cleaning supp, home improvement supp, school supplies, and groceries, etc).

What type of product would you sell and what type of inventory strategy would you use? Justify your chosen strategy and explain how you would manage your inventory. (Consider "Pressures for Small Inventories" and "Pressures for Large Inventories" in your textbook to help craft your answer). Address the following questions in your response:

-How will you keep up with demand?

- What are three things you considered when choosing your chosen strategy?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Operations Management Processes and Supply Chains

Authors: Lee J. Krajewski, Larry P. Ritzman, Manoj K. Malhotra

10th edition

978-013280747, 132807394, 9780132951814, 132807475, 132951819, 978-0132807395

More Books

Students also viewed these General Management questions