Supply chain management resources


Supply Chain Inventory Management

A supply chain consists of three parts -transportation of raw materials to production
procurement of raw materials andunits, as well as the distribution of
semi-finished products, converting them intofinished products through a chain of
finished products, and distributing them forretailers and wholesalers. Supply chain
sale. In this context, supply chain inventoryinventory management ensures that the
management implies that the inventory shouldfinished products are delivered at specific
be managed in such a way that the supplylocations according to the pre-determined
chain can function without any shortages orschedule.
excess  burdens  of  large  supplies.
Keeping in view the dynamic state of markets
Supply chain inventory management starts withall over the world, supply chain inventory
the chain of suppliers who supply rawmanagement has become a crucial factor in
materials and semi-finished products. Adeciding the overall profits of a firm. Poor
person who is managing the supply chain issupply chain inventory management could spell
supposed to forecast the demand and supply ofdisaster for any company. The higher the
various products of the firm; the inventoryinventory investment as a percentage of total
management  is  done  accordingly.assets of a company, the higher the damage
caused by poor inventory management. To
If the forecast indicates a higher demand inensure that this doesn't happen, there are
the near future, greater supplies of rawvarious software tools available in market to
material and finished products have to behelp in supply chain inventory management.
procured. Also, the process must be completedThey are cost-effective, easy to use, and
in time and without resulting in costexpedite various processes involved in supply
overruns.chain inventory management. Thus, they are
increasingly becoming popular. One can get
A crucial part of supply chain inventorycustomized software to suit one's specific
management involves managing warehouses. Itneeds also.
helps in the proper storage and



1 A B C D 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 94 95 96