Inventory Management

Inventory management in logistics Is the optimization of operations directly related to the processing and registration of goods, and to the coordination with the procurement and sales service, it is the calculation of the optimal number of stores and their locations. Effective inventory management allows an organization to meet or exceed customers’ expectations. Several technical […]

Chapter I THE PROBLEM AND ITS BACKGROUND Rationale The success of every business depends on how it is managed, whether it is on the management of human resources, finances, operations or production. Focusing in the production process, one aspect to consider is its proper inventory management. The need for proper inventory management system is indispensable […]

Inventory Management pertains to the formulation and administration of plans and policies in order to satisfactorily meet the manufacturing and merchandising requirements and minimize the cost-related inventories (Waters, 2003). It aims to attain an inventory level that that reconciles turnover and profit which eventually results to investment returns. The inventory size is related to the […]