Inventory plays the major role in the company performances.Electrolux and genera

Question

Inventory plays the major role in the company performances.Electrolux and general electric uses to store the company input and goods which are finished because sometimes those things are useful urgently.If the customer takes the product and if any kind of defect was observed company can immediately provide the services without delay.If the inventory was stored and sometimes it undergoes any illegal circumstances like misuse of the products or some people stole the inventory so that it was mandatory to get insured.So that it was better to store the material for certain days only.Inventory storage is an important thing it satisfies the customer needs.

Operational efficiency main goal to deliver the goods in maintaining the quality with more cost effectively and delivery should be in time because this makes the good fame to the company.By this output and the input ratios will also be increased.Customer satisfaction is an important because to improve the business or increase the standards of the business they should be satisfies.They will be satisfied by these companies provide the best services to the customer when their company goods are failed in working.Satisfaction will also be created when the company approaches their financial criteria.

Explanation / Answer

Using Electrolux and General Electric, evaluate the role their inventory plays in the company’s performance, operational efficiency, and customer satisfaction.

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