12
Inventory Management
“It’s easy to turn cash into inventory… the challenge is to turn inventory back”
—Jon Schreibfeder1
Chapter Objectives
To understand:
- Role of inventory in supply chain
- Inventory classification and functions
- Inventory-related costs and risk pooling
- Managing inventory
- Inventory policy guidelines
Inventory Planning
Inventory levels are affected by the level of customer service, demand variations and flexibility in business operations. Hence, managing the inventory is the most important function of supply chain to achieve trade-off between cost and customer service. Inventory decisions fall in high risk areas ...
Get Supply Chain Management now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
