To maximize sales

To minimize costs

To ensure customer satisfaction

To optimize inventory levels

Product demand

Supplier lead times

Storage costs

All of the above

To track inventory levels

To prevent theft and loss

To ensure accurate pricing

All of the above

Historical sales data

Market research

Trend analysis

All of the above

The minimum inventory level that should be maintained to avoid stockouts

The maximum inventory level that can be stored without incurring additional costs

The average inventory level over a period of time

The inventory level that is equal to the expected demand during the lead time

Inventory turnover

Days of inventory on hand

Stockout rate

All of the above

To acquire inventory from suppliers

To negotiate favorable terms with suppliers

To ensure timely delivery of inventory

All of the above

Just-in-time (JIT) purchasing

Economic order quantity (EOQ) purchasing

Quantity discounts

All of the above

To predict future demand

To plan for future inventory needs

To make informed purchasing decisions

All of the above

Moving averages

Exponential smoothing

Regression analysis

All of the above

The tendency for demand variability to increase as one moves up the supply chain

The tendency for inventory levels to fluctuate wildly

The tendency for prices to fluctuate wildly

The tendency for lead times to increase as one moves up the supply chain

Improving communication between supply chain partners

Reducing lead times

Increasing safety stock levels

All of the above

To automate inventory tracking and control processes

To improve communication between supply chain partners

To provide real-time data on inventory levels and demand

All of the above

Inventory management software

Point-of-sale (POS) systems

Radio frequency identification (RFID) technology

All of the above

Managing a wide variety of products

Dealing with seasonal demand fluctuations

Keeping up with the latest trends

All of the above