Tag: inventory

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.  Trying to balance the demands of customers can be difficult to forecast resulting in inaccuracies caused by evolving trends, variability in customer preferences and the need to maintain sufficient supply of materials and goods to buffer variability.  The optimal balance however, is often achieved through properly planned and…
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