Question

Steve managed an auto parts store in the 1990s. At that time, stockouts—failure to have the parts auto mechanics needed to do their work that day—increased the likelihood of the mechanics becoming customers of competing auto supply stores. To avoid this problem and keep his business customers, Steve most likely:___________

Answer 1

Steve probably had a large stock of auto parts. During the 1990s popular inventory management software like NetSuite, QuickBooks or Cin7 (and others) either didn't exist or were not very popular. That lead to increased costs in inventory and stockpiling was very common.