December 2012
Intermediate to advanced
561 pages
22h 33m
English
Content preview from Logistics Management ,3rd Edition by Pearson
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Inventory Management:
For Lean Supply Chain
7
After reading the chapter, the students should be able to understand:
• Inventory classifi cation and functions
• Inventory-related costs
• Role of inventory in the supply chain
• Inventory planning models and control techniques
• Inventory policy guidelines
106
Inventory is technically an asset, but it is indirectly taxing on the profi tability of the fi rm. Hence,
besides the various activities associated with a lean supply chain, corporations across the world are
always fi nding different methods and techniques to reduce the investments in inventory. With the
latest IT tools and communication technologies, ...
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