Inventory Management
Table of Contents
Introduction & Background...........................................................................................2
Theoretical Study & Practical Application.................................................................2 Trade-offs....................................................................................................2 Placement of facilities................................................................................................4 Supple chain objectives...................................................................................5 Technology......................................................................................................5 Outsourcing.................................................................................................7
Conclusion.........................................................................................................7
Referencing.............................................................................................................8
Introduction & Background
The relationship between inventory management and transport is a complicated an interesting one. A lot of attention has been given to this relationship. Through logical thinking it can be deduced that there is a direct relationship between transport and inventory management. If inventory is managed better, transport performance can become better.
This paper will discuss the inventory management-transport relationship by looking at the trade-offs between the two, as well as other factors influencing the relationship, like the placement of facilities, the supply chain objectives, technology and outsourcing. Practical applications of the discussed theory will be presented throughout the paper directly following the theory, to illustrate the relationship.
Theoretical Study & Practical Application
As inventory management is entirely concerned with the movement and flow of all materials (be it
Introduction & Background...........................................................................................2
Theoretical Study & Practical Application.................................................................2 Trade-offs....................................................................................................2 Placement of facilities................................................................................................4 Supple chain objectives...................................................................................5 Technology......................................................................................................5 Outsourcing.................................................................................................7
Conclusion.........................................................................................................7
Referencing.............................................................................................................8
Introduction & Background
The relationship between inventory management and transport is a complicated an interesting one. A lot of attention has been given to this relationship. Through logical thinking it can be deduced that there is a direct relationship between transport and inventory management. If inventory is managed better, transport performance can become better.
This paper will discuss the inventory management-transport relationship by looking at the trade-offs between the two, as well as other factors influencing the relationship, like the placement of facilities, the supply chain objectives, technology and outsourcing. Practical applications of the discussed theory will be presented throughout the paper directly following the theory, to illustrate the relationship.
Theoretical Study & Practical Application
As inventory management is entirely concerned with the movement and flow of all materials (be it
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