About this document
Inventory Management Essentials by Johanna Rullan is a document available to read on EtoBox.
This chapter discusses inventory management and transportation. It defines inventory as stock or stored goods. Inventories include raw materials, work in progress, finished goods, and supplies. The functions of inventory management are to supply production needs, meet customer demand, prevent stockouts, and decouple production operations. Inventory costs include holding, ordering, and shortage costs. Effective inventory management is important to control costs and avoid production disruptions.
- Author
- Johanna Rullan
- Language
- EN