The authors of the definitive guide to inventory management discuss what inventory is the role of inventory in supply chain management and why inventory is such an important metric in supply chain management.
Inventory management in supply chain.
Inventory is a fundamental measure of the overall health of supply chain and logistics activities.
Why inventory management is important for supply chain management arguably the most important and difficult role that inventory plays in supply chains is that of facilitating the balancing of demand and supply.
Supply chain digital explores why inventory management in supply chain is the key to sustained success.
Supply chain inventory management is a system of tracking the life cycle of a product from the manufacturer receiving raw materials to a customer buying the end product with a view toward improving the efficiency of that process.
Inventory is the goods or materials a business intends to sell to customers for profit.
What is inventory management.
There are instances where efficiency in supply chain can be ensured by efficiencies in inventory to be more precise by maintaining efficiency in inventory reductions.
Inventory management is the products or materials a company sells to its customers in order to make profit.
At the centre of these supply chain relationships particularly those involving product flows is inventory management.
Inventory management a critical element of the supply chain is the tracking of inventory from manufacturers to warehouses and from these facilities to a point of sale.