Articles on Inventory Management

What is Inventory Management – Definition & Types of Inventory

In any business or organization, all functions are interlinked and connected to each other and are often overlapping. Some key...

Inventory Management Concepts

Inventory management and supply chain management are the backbone of any business operations. With the development of technology and availability...

Need for Inventory Management – Why do Companies hold Inventories

Inventory is a necessary evil that every organization would have to maintain for various purposes. Optimum inventory management is the...

Finished Goods Inventory

All Manufacturing and Marketing Companies hold Finished Goods inventories in various locations and all through FG Supply Chain. While finished...

Why and When to avoid Holding Inventories

Every business organization that is engaged in manufacturing, trading or dealing with salable products holds inventories in one form another....

Types of Inventories – Independent and Dependant Demand Inventories

Inventory Management deals essentially with balancing the inventory levels. Inventory is categorized into two types based on the demand pattern,...

Inventory Costs – Ordering Cost, Carrying Cost and Stock Out Cost

Inventory procurement, storage and management is associated with huge costs associated with each these functions. Inventory costs are basically categorized...

Inventory Classification – ABC Classification, Advantages & Disadvantages

Inventory is a necessary evil in any organization engaged in production, sale or trading of products. Inventory is held in...

Finished Goods Inventory Classifications and Terminologies

While inventory classification of raw materials for Inventory Management purposes follows ABC Classification, Finished Goods inventory is classified under additional...

Inventory Control – Inventory Audits and Cycle Counts

Any inventory of Raw materials, finished goods as well as Intermediate in process inventory has an economic value and is...

Factors Leading to Inventory Inefficiencies

In any company inventory management is one area that the managements always focus on when it comes to improving business...

Factors affecting Inventory Operations

Inventory management operations are increasingly being outsourced to third party service providers, thereby ensuring that the investments and costs in...

Operational Challenges in Inventory Management

The latest trend in all industries has been to outsource inventory management functions to Third Party Service providers. Companies outsource...

Inventory Health – Important factors to be considered to avoid Inventory Mismatch

Any inventory of raw materials or finished goods runs into thousands of SKU items. Especially in case of Raw Material...

Companys approach to Inventory Health

Inventory means an item of value and asset in the books of the Company. This is the most important category...

Inventory Turnover As Indicator of Health of Inventory and Business

Inventory management as well as Supply chain operations are often overlapping and hold the key to the success of sales...

Why Young Managers should know about Inventory Operations

When a management student passes out from college and is absorbed into any business organization, if he is lucky he...

Inventory Planning – Basic Concepts

Every organization that is engaged in production, sale or trading of Products holds inventory in one or the other form....

Good Inventory Management Practices

Good inventory Management practices in the company help by adding value in terms of having control over and maintaining lean...

Inventory Management Systems

Modern day inventory is managed by sophisticated system applications that are designed to manage complex inventory plans and to a...

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Articles on Inventory Management