Question

What are the need for managing stock level in retail?​

Answer 1

The retailer must have sufficient stock to offer to the customers during the “lead time”. Managing inventory also helps the retailer during situations beyond control like transport strikes, curfews etc. The retailer has ample stock as a result of judicious inventory management even at the time of crisis.

Answer 2

Answer:

The retailer must have sufficient stock to offer to the customers during the “lead time”. Managing inventory also helps the retailer during situations beyond control like transport strikes, curfews etc. The retailer has ample stock as a result of judicious inventory management even at the time of crisis.

Explanation:

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