The correct answer is A. How much inventory to order for each replenishment cycle.
Explanation:
Strategic inventory management: focuses on determining the optimal quantity of inventory to order, considering factors like demand forecasts, storage costs, lead times, and safety stock. This is a crucial decision as it directly impacts costs, availability, and overall supply chain efficiency.
C. Where in the supply chain inventory should be kept:
This is a logistical decision related to storage and transportation. While it can impact inventory costs and efficiency (e.g., proximity to production or customer base), the strategic focus is primarily on how much inventory to hold, not where to store it.
D. When requests for additional inventory should be created for supply chain partners:
This is related to timing and order frequency, which is a component of inventory management. However, the quantity ordered is the more fundamental strategic decision. When to request additional inventory is derived from the decision on how much to order for each replenishment cycle.
The strategic decision regarding where in the supply chain inventory should be kept is crucial for optimizing inventory management. Deciding on the most appropriate locations for holding inventory involves considerations such as distribution centers, warehouses, and stocking points to meet customer demand efficiently while minimizing holding costs and lead times.
Wy not Answer A?
An important strategic inventory management decision is determining how much inventory to order for each replenishment cycle.
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