Final answer:
To better manage inventory with damaged packaging from a cheap overseas supplier, a business should communicate with the supplier, strengthen quality control, and diversify suppliers.
Step-by-step explanation:
To better manage inventory that is received with damaged packaging from a cheap overseas supplier, a business can take several steps:
- Communicate with the supplier: The business should inform the supplier about the damaged packaging and request a replacement or refund. It is important to document the communication for future reference.
- Strengthen quality control: The business should implement strict quality control measures upon receiving inventory. This may include inspecting each item, documenting any issues, and rejecting damaged products.
- Diversify suppliers: If the business relies heavily on a single overseas supplier, they should consider diversifying their supplier base to reduce the risk of receiving damaged inventory. This way, if one supplier consistently sends damaged products, the business can rely on other suppliers.