Inventory Best Practices
Steven M. Bragg
Abstract
Steven M. Bragg
Abstract
Inventory management is among the most complex of inventory functions, involving thousands of products and the very real possibility of never converting some items into cash. This chapter describes a plethora of options for more tightly managing inventory and the company policies that can affect the investment in inventory. The result can be better order fulfillment accompanied by a reduced inventory investment.
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Inventory management is among the most complex of inventory functions, involving thousands of products and the very real possibility of never converting some items into cash. This chapter describes a plethora of options for more tightly managing inventory and the company policies that can affect the investment in inventory. The result can be better order fulfillment accompanied by a reduced inventory investment.
Key concepts: Inventory investment, Inventory management, Perpetual inventory, Inventory valuation, Investment (military), Inventory theory, Business, Order (exchange)