- Words: 3259
- Length: 11 Pages
- Topic: Business
- Paper #: 58936195
21). Conversely, Michman and Greco (1999) point out that, "Some department stores have failed because many have provided a stale and unexciting physical environment to customers. Another reason has been that some department stores have been unable to implement effective inventory management systems, thereby lowering costs to either match or at least approach the prices offered by discounters" (p. 4).
Effectively managing inventory also requires the ability to monitor current