Essay On Logistics Management

Sharing inventory has increasingly gained popularity in the modern economic society as businesses seek to improve their service provision to customers. This is because the practice promotes reliable sharing of information on the availability of products or services at the various distribution levels of the chain supply (Kruz. Et al, 2004). The author seeks to identify and discuss the advantages to retailers of sharing inventory. Sharing inventory aids in mitigating loss of product orders for the retailer (Kruz. Et al, 2004).

It is a common think in business for some products to be out of stock in a particular retail outlet. This has the implication that the retailer risks providing for the customers demands. Such can however be eliminated by conducting another retailer for the supply. Further, sharing inventory is important in saving time and cost of long-term managing of an open order from the customer since failure to qualify its availability in other retail outlets calls for the long chain of requesting the product from the manufacturer (Kruz.

Et al, 2004). Another advantage to retailers sharing inventory is that it ensures that similar vendor prices are relatively similar (Kruz. Et al, 2004). In the modern society, capitalism has dictated for anti-competitive practices among business in the quest for ensuring sustainable survival in the marketplace. Such are best evident in the pricing and promotion of products by businesses. Nevertheless, sharing inventory increases information sharing among business on product availability as well as prices.

Therefore, retailer sharing inventory is vital in mitigating anti-competitive business practices in the marketplace through promotion of openness among businesspersons. In addition, sharing inventory among retailers has been praised for providing an outlet for slow moving inventory (Kruz. Et al, 2004). The sole purpose of a business is to maximize profits. This is best realized through optimization of business sales. However, products demand vary from region to region, a factor which can oversee low demand for a particular product in a given community while witnessing high demand of the same in another region (Kruz.

Et al, 2004). Based on this reason, sharing inventory significantly serves to provide an outlet for slow moving products to areas of high demand. This improves the financial health of a business. Sharing inventory also brings with it the advantage of promoting product reputation, an element that improves customer loyalty and thus sustained business for retailers (Kruz. Et al, 2004). Customer loyalty to particular products is dictated by the sustainable availability of the product in the market.

On the contrary, just like other things, uncertainties can evidently compromise the supply of such products from the manufacturer of distributor. However, this is easily resolved by sharing available products among retailers or referring customers to particular retailers posing the products (Kruz. Et al, 2004). This serves to ensure customer satisfaction, thus promoting their confidence in the company. Still, the practice serves to increase retailer’s revenue due to large scale sales to similar retailers. Large scale selling of goods enjoys the advantage of quick recovery of asset for a retailer (Kruz. Et al, 2004).

On the other hand, sharing inventory can significantly influence this business practice especially when only one retailer happens to hold particular products which are in high demand. This is because they gain the advantage of supplying such products to other retailers in large quantities. In addition, sharing inventory among retailers can be seen as crucial in ensuring early detection and thus mitigation of potential product supply in the market (Kruz. Et al, 2004). References Kruz, W. , Stratigakis, A. , & Hunt, G. (2004). The High Performance Enterprise. Bloomington, Indiana USA: Trafford Publishing.

Calculate the price
Make an order in advance and get the best price
Pages (550 words)
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Upload your instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with MyStudyWriters
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
See why 20k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
Business and administrative studies
excellent work
Customer 452773, March 9th, 2023
Criminal Justice
This has been the greatest help while I am recovering from an illness. Thank your team so much.
Customer 452671, May 2nd, 2021
Criminal Justice
The paper was not accused of plagiarism and was written very well. I will let you know the grade once it is graded. Thank you
Customer 452671, April 26th, 2021
Customer 452591, March 18th, 2021
excellent job made a 93
Customer 452773, March 22nd, 2023
Business and administrative studies
great job as always
Customer 452773, February 26th, 2023
Business and administrative studies
looks good thank you
Customer 452773, March 3rd, 2023
Business and administrative studies
Excellent work ,always done early
Customer 452773, February 21st, 2023
Business Studies
Thank you very much for a good job done and a quick turn around time.
Customer 452615, March 31st, 2021
Love this writer!!! Great work
Customer 452597, April 5th, 2021
Business and administrative studies
Customer 452773, March 3rd, 2023
Business and administrative studies
excellent job!
Customer 452773, May 25th, 2023
Customer reviews in total
Current satisfaction rate
3 pages
Average paper length
Customers referred by a friend
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat

Sometimes it is hard to do all the work on your own

Let us help you get a good grade on your paper. Get professional help and free up your time for more important courses. Let us handle your;

  • Dissertations and Thesis
  • Essays
  • All Assignments

  • Research papers
  • Terms Papers
  • Online Classes



eskişehir eskort



eskişehir eskort

Live ChatWhatsApp