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Sustainability in Supply Chain Management (Collection)
book

Sustainability in Supply Chain Management (Collection)

by Peter A. Soyka, Robert Palevich, Steven M. Leon
October 2013
Intermediate to advanced content levelIntermediate to advanced
1104 pages
28h 27m
English
Pearson
Content preview from Sustainability in Supply Chain Management (Collection)

8. Inventory Control

Pareto ABCDE Classification of Inventory

Forecasting systems are one of the most important parts of the supply chain. This can determine the nervousness or volatility of the supply chain system. This is also an area in which companies can cut waste in the logistics network. It is all about lowering the logistics and supply chain costs.

Inventory management is the process of controlling inventory with the fewest people and the least amount of inventory. Maintaining an optimum inventory is the most important aspect of inventory management. Implementing the techniques necessary to maintain an optimum inventory can equal massive company-wide savings.

ABC analysis is a technique used to prioritize inventory by its relative importance. ...

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Publisher Resources

ISBN: 9780133480696