Global Wood Ventures Inc is an American firm that manufactures, distributes, and exports structural plywood. The firm finds that multiple inventory management errors were causing customer dissatisfaction and reducing the firm's profits
It identified several companies, in completely different industries, that were considered to be the best in inventory management. After obtaining permission, professionals from Global Wood Ventures Inc studied the inventory management system of One Stop Mart, a firm well known for its inventory management techniques. This knowledge helped Global Wood Ventures Inc to develop a more error-free inventory management system. In this example, Global Wood Ventures Inc uses which of the following strategies?
A) competitive benchmarking
B) perceptual mapping
C) disintermediation
D) competitor analysis
E) vertical integration
A
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