Foundations of Inventory Management

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  • Marcel Sieke 2  

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In today’s business world, inventories play an important role. Inventories are used to hedge against shortages in raw materials, allow a smooth production flow within a production line, or ensure the timely delivery of products to the end customer. But inventories also constitute a liability for a single company and the economy as a whole: Inventories are costly since they represent bounded capital that has to be managed continuously.

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Sieke, M. (2008). Foundations of Inventory Management. In: Supply Chain Contract Management. Edition KWV. Springer Gabler, Wiesbaden. https://doi.org/10.1007/978-3-658-24382-1_2

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Published : 21 March 2019

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INVENTORY MANAGEMENT AND ORGANIZATIONAL PERFORMANCE (Study of Dansa Food Limited)

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Phebe Simon at Nutrient Solutions Limited

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Peter-Paul Chukwuemezie Njoku at CHARTERED INSTITUTE OF PROJECT MANAGEMENT

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Approaches to Inventory Control Adopted by Firm of Study

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    The economic order quantity in this example would be 100 units per order. According to this model, ordering each time 100 units will bring the least amount of inventory-related costs compared to the options given as order quantity. Using the formula given in figure 4, the EOQ for this case is 110 units.

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    Master Thesis in International Logistics and Supply Chain Management Title: Improving Inventory Management in Small Business: A Case Study Authors: Lining Bai and Ying Zhong ... Inventory management also becomes a fundamental part of supply chain management (SCM) now. A lot of research in SCM over the last two decades can be characterized as so-

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    Inventory management as one of the key activities of business logistics, has always been a major preoccupation for the company's survival and growth. The aim of inventory management is to hold inventories at the lowest possible cost, given the objectives to ensure uninterrupted supplies for ongoing operations. When making

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    2.4.2. Inventory management practices and organizational competitiveness. Inventory management is very crucial to any organization that is improving on its performance and attaining high levels of customer satisfaction. According to Nzuza (Citation 2015), the material held by an organization makes up for most of the organization assets. Most ...

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    The reliability analysis for constructs was as follows: inventory control (.666); inventory speed (.674); inventory cost (.642) inventory accountability (.757) and organizational performance (.670). The overall reliability statistic for all the 34 items based on Cronbach's Alpha was .883 as expressed in Table 4.1.

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    nerInternal Examiner Signature & DateSignature & DateSignature & Date DeclarationI, the undersigned, declare that the thesis entitled "An Assessment of Inventory Management System in the case of Habesha Cement Share Company." submitted by me for the award of the Masters of Business Administration (MBA), at. St. Mary's University, Origi.

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