d4.docx - Problem How has technology aided inventory...

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Problem How has technology aided inventory management? How have technological improvements in products such as automobiles and computers impacted inventory decisions? Step-by-step solution 1. Step 1 of 2 Technology has aided inventory management in the following ways: • Technology allows for electronic invoicing, computerized shipping and tracking which reduces hassles for the consumers. The customers can now keep a track on the product ordered by them. Thus, timely delivery of the product is assured by the companies. • The concept of just in time (JIT) has greatly affected inventory management. This concept, which involves providing the required inventory as and when required by the suppliers, helps the companies
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