As a supermarket manager, how would you go about evaluating the criticalness of an inventory shortage?

Subject: Business

Topic: As a supermarket manager, how would you go about evaluating the criticalness of an inventory shortage?

Solution;
As a supermarket manager, I will evaluate the criticalness of an inventory shortage in the following ways:

• Calculate the ideal number of items to be kept in stock based on annual demand, order cost and the cost of keeping them in stock.
• Take into account the product delivery rate and use rate.
• Calculate the number of alternatives available in the same product category in store.
• The ABC inventory model control method can be used to calculate the criticalness of an inventory shortage.

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