Definition
Stocks of materials and goods maintained for production, maintenance, or customer service, including raw materials, work-in-progress, and finished products.
Learn more about Inventory
Jason Miller, Eli Broad Endowed Professor of Supply Chain Management and Interim Chairperson of the Department of Supply Chain Management within Michigan State University’s Eli Broad College of Business, breaks down inventory trends
This webinar will explore how AI-driven vision systems and IoT technologies are transforming logistics by optimizing operations, enhancing safety, and improving efficiency through real-world examples of rapid edge computing deployments.
The bullwhip effect is used by many economists to explain current inventory market dynamics, but it is another term – inventory accelerator – that more accurately reflects what is happening.
This webinar will explore how to realize a 10-20% increase in demand forecast accuracy using advanced machine and deep learning techniques to smooth out traditional demand forecasting approaches.
Companies are facing the desire to increase inventory risk management strategies while balancing cash flow needs according to a new McKinsey survey.
Ultimately, the goal for managers is still to create the most efficient supply chain possible for their inventory management. Rather than committing to just-in-time or just-in-case, an unpredictable world demands that managers mitigate risks by…
We’re seeing a realignment of trade agreements and relationships that may not have an impact today but could affect supply chains tomorrow.
Executives should be educated to have a healthy respect for inventory so that managers won’t have to go overboard and throw bad inventory after good.
UPS CEO Carol Tomé discussed issues that will shape 2022 and beyond during the U.S. Chamber of Commerce’s State of American Business video conference on January 11. Issues she covered included economic trends and global competition to policy…
How Princess Auto Ltd uses a consumer-driven, store-centric fulfillment model to plan and satisfy all customer demand.