The Definitive Guide to Warehousing: Managing the Storage and Handling of Materials and Products in the Supply Chain

11. The Importance of Managing Inventory

Introduction

This chapter discusses the potential roles that inventory plays for suppliers, buyers, manufacturers, sellers, and carriers. Specific attention is placed on warehousing’s capability to help these supply chain members by managing inventory through the warehouse. Inventory cost factors are outlined, and the implications of good compared to poor management of inventory are explored. This chapter discusses common expectations of the warehouse and the processes employed that influence inventory availability and cost.

The Importance of Managing Inventory

Partnerships in the supply chain are of great importance for competing in today’s business environments. Warehouses are positioned strategically ...