Inventory Management and Optimization in Supply Chains: A Case in Food Chains (original) (raw)
2014
As the technology improves and widens, the companies change. Especially to be competitive in the market, the companies should renew themselves. In past, managers thought that if they had produced something they could sell it in the market, but now this is impossible. There are too many rivals in the market. For this reason, companies should control their inventories and they should arrange their supply chain mangement activities according to their inventories. Also companies should force their suppliers to deliver in time, at the highest quality and in minimum price. In such a competitive market, the customers should be satisfied and inventories should be effectively managed. So, inventory management and optimization is very important in supply chain management. Supply chain inventory management (SCIM) is an integrated approach for planning and control of inventory, throughout the entire network of cooperating organizations from the source of supply to the end user. SCIM is focused ...
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