Inventory Optimization: Evolving from Fad to Necessity.

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Bibliographic Details
Title: Inventory Optimization: Evolving from Fad to Necessity.
Authors: Willems, Sean1 willems@bu.edu
Source: Supply Chain Management Review. Mar/Apr2013, Vol. 17 Issue 2, p10-17. 7p.
Subjects: Industrial efficiency, Advanced planning & optimization, Supply chains, Inventory control, Buffer inventories
Abstract: The article discusses various factors that should be considered for making inventory optimization as an integral facet of supply chain planning. It mentions that by changing the method of measuring inventory, acknowledging the role of inventory optimization at every level of supply chain planning, and selecting a right initiative for inventory improvement lead to successful inventory optimization. It explains inventory form and function of various stocks including marketing, cycle, and safety.
Database: Engineering Source
Description
Abstract:The article discusses various factors that should be considered for making inventory optimization as an integral facet of supply chain planning. It mentions that by changing the method of measuring inventory, acknowledging the role of inventory optimization at every level of supply chain planning, and selecting a right initiative for inventory improvement lead to successful inventory optimization. It explains inventory form and function of various stocks including marketing, cycle, and safety.
ISSN:15219747