Final answer:
Implementing just-in-time inventory is one of the best ways to improve the efficiency and effectiveness of the receipt and storage of ordered items.
Step-by-step explanation:
To improve the overall efficiency and effectiveness of the receipt and storage of ordered items, implementing just-in-time inventory is one of the best ways. Just-in-time inventory is a method where items are ordered and delivered as they are needed, reducing the need for excess storage space and the risk of holding obsolete inventory. This method allows businesses to maintain a lean inventory and reduce costs.