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2003•Supply chain management reviewRequires access

THE REAL COST OF HOLDING INVENTORY.

Stephen G. Timme, Christine Williams-Timme

Open publisher page 32 citations

Abstract

SUBTITLE: MOST CONPANIES DON'T REALLY KNOW HOW MUCH IT'S COSTING THEM TO HOLD INVENTORY. BUT KNOWING THAT TOTAL COST IS ESSENTIAL TO MAKING THE RIGHT SUPPLY CHAIN DECISIONS. IT'S ALSO KEY TO GETTING APPROVAL FOR INVENTORY-MANAGEMENT INITIATIVES THAT MIGHT OTHERWISE BE REJECTED. THE METHODOLOGY PRESENTED HERE CAN HELP MANAGERS ENSURE THAT THEY'RE PAINTING A TRUE PICTURE OF THEIR TOTAL INVENTORY-CARRYING COSTS.

About this research paper

What this paper is about

SUBTITLE: MOST CONPANIES DON'T REALLY KNOW HOW MUCH IT'S COSTING THEM TO HOLD INVENTORY. BUT KNOWING THAT TOTAL COST IS ESSENTIAL TO MAKING THE RIGHT SUPPLY CHAIN DECISIONS. IT'S ALSO KEY TO GETTING APPROVAL FOR INVENTORY-MANAGEMENT INITIATIVES THAT MIGHT OTHERWISE BE REJECTED. THE METHODOLOGY PRESENTED HERE CAN HELP MANAGERS ENSURE THAT THEY'RE PAINTING A TRUE PICTURE OF THEIR TOTAL INVENTORY-CARRYING COSTS.

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OpenAlex reports 32 citations for this work. Citation counts describe recorded attention and do not establish research quality.

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Available abstract

SUBTITLE: MOST CONPANIES DON'T REALLY KNOW HOW MUCH IT'S COSTING THEM TO HOLD INVENTORY. BUT KNOWING THAT TOTAL COST IS ESSENTIAL TO MAKING THE RIGHT SUPPLY CHAIN DECISIONS. IT'S ALSO KEY TO GETTING APPROVAL FOR INVENTORY-MANAGEMENT INITIATIVES THAT MIGHT OTHERWISE BE REJECTED. THE METHODOLOGY PRESENTED HERE CAN HELP MANAGERS ENSURE THAT THEY'RE PAINTING A TRUE PICTURE OF THEIR TOTAL INVENTORY-CARRYING COSTS.

Key concepts: Inventory management, Activity-based costing, Inventory cost, Subtitle, Business, Operations management, Supply chain, Key (lock)

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