Which of the following is most likely to have contributed to better inventory management?
A)Stability in the market demand
B)Stability in the average price level
C)Perfect forecasting by the firms
D)Reduced variability in the input costs
E)Improvement in information technology and communication

Question

Quizplus · Accepted Answer

Improvement in information technology and communication has greatly contributed to better inventory management as it has made it easier for companies to track inventory levels and communicate with suppliers in real-time. This has allowed companies to reduce excess inventory and avoid stockouts, leading to more efficient inventory management. While the other options may have some influence on inventory management, they are not as directly related to the ability to manage inventory levels effectively as technological advancements.

Which of the Following Is Most Likely to Have Contributed