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Professional Literature review

Inventory management in retail
For example, when a retailing organization has too much inventory, this may lead to a reduction of the profits that the organization may make.This is because of the high costs associated with the management of the inventories. Inventory management relates to customer service, when the retailing organization releases the products, based on the demands of the products under consideration (Micheli, 2008). Customer service normally entails the satisfaction of the needs and demands of customers.
Pages: 12 (3000 words), Literature review
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Application of tools for effective purchasing for an organisation
To suffice the stated objective, the organisation selected for the current study is Wal-Mart Stores, Inc., which is a retail organisation and has several suppliers making its SCM strategies more prominent and critical to its success potentials (Roberts & Berg, 2012). Thus, the study on purchasing tools of Wal-Mart would provide comprehensive understanding to the different types of purchasing tools used by the organisation.According to OBrien (2014), SRM refers to one of the significant
Pages: 20 (5000 words), Literature review
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