INVENTORY MANAGEMENT

1) The define of inventory management

Inventory management is the supervision of
non-capitalized assets (inventory) and stock items.
A component of supply chain management,
inventory management supervises the flow of
goods from manufacturers to warehouses and
from these facilities to point of sale

2) Basic Inventory Management

Location

Plan

Record

Identity

Push

Pull

Units Of Measures

Stock Keeping Unit

ID label

Off Site

Drop site

On Site

Paper

PC

3) 5 cost in inventory management

Human Capital

Facilities Cost

Financial Cost

Management Cost

Procurement Cost

4) Three service classes in Inventory Management

Non Critical

Services Classes

Critical

5) . The strategies to better manage inventories

i) Vendor Management Logistic

ii) Postponement Logistic