Tag: inventory management

The Importance of Inventory Management in Supply Chains

The management of inventory is necessary for any company so that excess stock is not stored at the company while simultaneously ensuring demand for customers is met. The optimal balance, however, is often achieved through properly planned and managed inventory. To help reach this balance, many businesses implement a sales and operations (S&OP) process. The basic purpose of S&OP is to bring the demand management functions of a company, for example, sales forecasting and marketing,…
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