Strategic Inventory Management

Inventory – A Necessary Evil

STRATEGIC INVENTORY MANAGEMENT FINALDownload

In this competitive global word, everybody is talking about controlling inventory which has potential to block organizations’ blood i.e. Liquidity/cash flow. But, at the same time inventory is as important as food for an organization without which generation of products/service is not possible. Thats why it is necessary evil!!!

You may get complete details about strategic inventory management in my attached presentation here which covers

• What is Inventory?
• Why do we need Inventory?
• Cost of Inventory
• Inventory Components
• What drives Inventory?
• Bull-Whip Effect – The role of Information!!!
• Inventory Performance Measurement
• Customer Centrality – A Tight Balance
• Inventory Classification
• Inventory Planning Strategy
• Forecasting Techniques and its benefits
• Inventory Decision Issue – EOQ model

I hope it gives you all required details for understanding the subject and application of the same in your organization.

My only purpose of this post if provide a concept and its knowledge which can be implemented in Business and which in turn creates wealth like-minded professionals.

Questions and suggestions are most welcome!!!

P.S. For this article I am grateful to IRMA, Anand which has given me inspiration for developing this article.