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Supply Chain Strategy, Second Edition: Unleash the Power of Business Integration to Maximize Financial, Service, and Operations Performance, 2nd Edition by Edward H. Frazelle

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CHAPTER 4

RightStockInventory Strategy

“In the house of the wise are stores of choice food and oil, but a foolish man devours all he has.”

—SOLOMON

I developed the RightStock (Figure 4.1) inventory strategy model as a part of our RightChain framework to help professionals work through the financial, service, and operational complexities of inventory decision making. The model is based on 30-plus years of consulting, research, and development in inventory and supply chain strategy.

Figure 4.1    RightStock inventory model

Images

RightStock is quantitative, logical, and methodical. It is not a philosophy unless you call not having a philosophy a philosophy, ...

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