One practical approach to increase responsiveness could be to raise the _____________ of finished goods or components.

Question

Quizplus · Accepted Answer

One practical approach to increase responsiveness could be to raise the inventory levels of finished goods or components, which would allow for more elasticity in reactions to changes in customer demand. However, increased inventory levels reduce the efficiency of the supply chain since they are very costly, both in storage cost and cost of capital.

One Practical Approach to Increase Responsiveness Could Be to Raise