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Which of the following areas of concern is an important strategic inventory management decision?
Correct Answer: C
Deciding where in the supply chain inventory should be kept is a crucial strategic inventory management decision. This decision affects the responsiveness, efficiency, and cost-effectiveness of the supply chain. By strategically positioning inventory, companies can balance the need to meet customer demand quickly with the cost of holding and transporting inventory. This decision impacts lead times, service levels, and the ability to manage supply chain risks effectively. It involves evaluating factors such as customer locations, supplier reliability, production schedules, and logistics capabilities. References: * "Strategic Inventory Management and Planning" by Mehran Sepehri * APICS Dictionary, 16th Edition