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What is Inventory Control

Chapter 18
Handbook of Research on Supply Chain Resiliency, Efficiency, and Visibility in the Post-Pandemic Era
It is the process of ensuring that an organization has a sufficient amount of stock available.
Published in Chapter:
Supply Chain Building Blocks and Post-COVID-19 Recovery Measures With Artificial Intelligence
Priyadarsini Patnaik (Birla Global University, Odisha, India)
Copyright: © 2022 |Pages: 26
DOI: 10.4018/978-1-7998-9506-0.ch018
Abstract
Supply chain reach is vast and touches every aspect of business. As profitability of any business is directly impacted by its inventory, so any basic changes in operations would impact its performance. However, established supply chain paradigms are no longer valid as they are shaken up by VUCA economy, demographic change, sustainability, globalization, digitization, rise of ecommerce, political turmoil, social media, buying behaviour, and most importantly, by COVID-19. This COVID-19 pandemic crisis has taken over the world and brought additional challenges at an unprecedented scale. Since identifying and structuring the problem are the first steps towards effective SCM, so redesigning the distribution strategy is the need of the hour. Companies should innovate with data and new digital technologies to increase automation in their core process to forecast predictive analysis for greater customer experience and harness the disruption. In the context of disruption, this study explored how to utilize and optimize supply chain tools and models to make decisions during times of disruption.
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Chapter 23
Inventories Control, State Regulations, and the Amplitude Model (TAM)
One of the most relevant and delicate tasks of logistics. It is related to all the components that are needed in the production process, whether they are a direct part of the final product or are necessary for the proper operability of the organization. Through the control of inventories, it must be ensured that each of these components must be available at the time and in the quantities required, so that production does not stop.
Published in Chapter: Inventories Control, State Regulations, and the Amplitude Model (TAM); From: Handbook of Research on Promoting Business Process Improvement Through Inventory Control Techniques
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Chapter 12
Application of Utility Mining in Supply Chain Management
It is the process of effectively managing stock items, parts or supplies.
Published in Chapter: Application of Utility Mining in Supply Chain Management; From: Business Management and Communication Perspectives in Industry 4.0
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Chapter 4
Evaluation of RFID Tag Anti-Collision Algorithms in Supply Chain Automation
Inventory control can be defined as the process of managing enough materials which are held by the company in the supply chain for the purpose of customers’ demand satisfaction.
Published in Chapter: Evaluation of RFID Tag Anti-Collision Algorithms in Supply Chain Automation; From: The IoT and the Next Revolutions Automating the World
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Chapter 165
RFID Technologies and Warehouse Applications: Case Studies
Inventory control is the concept by which the negative aspects of maintaining inventories (i.e., less capital to invest elsewhere, costs associated with shrinkage and storage) are balanced with its positive aspects (i.e., having goods and services available in a JIT fashion). A number of traditional models are used to optimize levels of inventory (i.e., Minimum Stock, Economic Order Quantity (EOQ), and Safety Stock methods) that help determine minimum stock necessary to adequately maintain production levels.
Published in Chapter: RFID Technologies and Warehouse Applications: Case Studies; From: Encyclopedia of Organizational Knowledge, Administration, and Technology
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Chapter 1
Inventory Control and the Use of Technology in Businesses: A Survey Study of Micro-Companies in Mexico
Also known as ‘Stock Control,’ it consists of how firms regulate and maximize the company’s warehouse inventory.
Published in Chapter: Inventory Control and the Use of Technology in Businesses: A Survey Study of Micro-Companies in Mexico; From: Entrepreneurial Innovation for Securing Long-Term Growth in a Short-Term Economy
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Chapter 5
JIT Inventory Management Strategy
Inventory control is the concept by which the negative aspects of maintaining inventories (i.e., less capital to invest elsewhere, costs associated with shrinkage and storage) are balanced with its positive aspects (i.e., having goods and services available in a JIT fashion). A number of traditional models are used to optimize levels of inventory (i.e., minimum stock, economic order quantity [EOQ], and safety stock methods) that help determine minimum stock necessary to adequately maintain production levels.
Published in Chapter: JIT Inventory Management Strategy; From: Handbook of Research on Transdisciplinary Knowledge Generation
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Chapter 166
Green Supply Chains and Enabling RFID Technology
Inventory control is the concept by which the negative aspects of maintaining inventories (i.e., less capital to invest elsewhere, costs associated with shrinkage and storage) are balanced with its positive aspects (i.e., having goods and services available in a JIT fashion). A number of traditional models are used to optimize levels of inventory (i.e., Minimum Stock, Economic Order Quantity (EOQ), and Safety Stock methods) that help determine minimum stock necessary to adequately maintain production levels.
Published in Chapter: Green Supply Chains and Enabling RFID Technology; From: Encyclopedia of Organizational Knowledge, Administration, and Technology
Full Text Chapter Download: US $37.50 Add to Cart
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