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- Discuss the concept of stockout costs. How canstockout costs be calculated?Is distribution a cost or a benefit? Using one example of your choice, briefly explain how a distribution strategy can create or destroy value for a firmWhy is inventory management a critical operation in business? Can you name at least one major retailer that shot to the forefront of the industry simply because of its innovative inventory management mechanism?
- What are the difficulties/challenges in regards to inventory management that can hurt multichannel retailers?In your own words, describe how a point -of - Sales system works, and why it's beneficial to retailers.How do retailers navigate the challenges of returns management and reverse logistics to streamline processes, reduce costs, and improve customer satisfaction?