Everything You Wanted to Know about Inventory
Inventory is considered the necessary evil of the supply chain. In fact, there has been a whole movement; lean manufacturing that has tried to reduce it to a bare minimum as part of the elimination of waste. Of course, inventory plays many important functions and while it does have a cost, we need to keep inventory to protect against risks.
In order to make decisions on the amount of inventory required to protect your supply chain, it is worth understanding what kind of inventory you keep and what are its drivers.
This whitepaper will teach you everything you need to know about keeping inventory in your supply chain.