Impact of COVID 19 on Availability of Products (Essay Sample)
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Consider the impact of COVID 19 on the availability of products. What type of measures can be taken to avoid stock-outs? What are the costs of these measures for businesses? Provide and briefly explain one inventory management technique that reduces inventory costs. Use open access resources by searching in google, rather than explain the models that we have covered in the chapter.
Impact of COVID 19 on availability of products
Coronavirus, among other pandemics, has hit the global supply chain of products hence affecting availability. Furthermore, restriction of movement and reduced working hours have significantly caused many products' low production (Aday and Aday 2020). In addition, suppliers' poor or lack of safety measures on entry points has stalled or delayed products on reaching the consumers.
Measures are taken to avoid stockouts.
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