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Logistics Management, 2nd Edition by Vinod V. Sople

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7

Inventory Management: For Lean Supply Chain

After reading the chapter, the students should be able to understand:

  • Inventory classification and functions
  • Inventory-related costs
  • Role of inventory in the supply chain
  • Inventory planning models and control techniques
  • Inventory policy guidelines

Bullwhlp Effect Deformation of demand volatility information across the supply chain, resulting in inventory problems.

 

Inventory is technically an asset, but it is indirectly taxing on the profitability of the firm. Hence, besides the various activities associated with a lean supply chain, corporations across the world are always finding different ...

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