Searched over 200M research papers for "inventory management"
10 papers analyzed
These studies suggest that inventory management focuses on logistics, purchasing, and international sourcing, aims to balance stock levels with customer service and costs, and can be optimized through various techniques and technologies to improve supply chain efficiency and business performance.
18 papers analyzed
Inventory management is a critical aspect of supply chain and logistics operations, influencing a company's flexibility, customer service, and overall efficiency. Recent advancements in technology and methodologies have significantly transformed inventory management practices, aiming to optimize stock levels, reduce costs, and improve service quality.
Just-In-Time (JIT) and Lean Inventory Management:
Technological Integration:
Inventory Control Policies:
Role in Logistics and Supply Chain:
Cross-Functional and Proactive Management:
Inventory management is evolving with the integration of advanced technologies and methodologies like JIT and lean logistics. Effective inventory control policies and proactive management practices are essential for optimizing stock levels, reducing costs, and enhancing overall operational efficiency. The role of inventory management in the logistics chain is crucial, requiring a clear framework and appropriate techniques to ensure seamless production and delivery processes.
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