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What is Inventory Management Problems

Chapter 16
Handbook of Research on Organizational Transformations through Big Data Analytics
There are a number inventory management that occurs that are not due to shrinkage. Most of these problems tar based on inaccuracies that are based on poor management and record-keeping activities. Typically too much inventory can erode working capital and profits. It is important that management spends attention to supply projections, using past demand are a basis to improve upon and adjusting for identifying and quantifying less obvious patterns.
Published in Chapter:
Process Improvements in Supply Chain Operations: Multi-Firm Case Studies
Alan D. Smith (Robert Morris University, USA)
Copyright: © 2015 |Pages: 24
DOI: 10.4018/978-1-4666-7272-7.ch016
Abstract
The nature of SCM research is constantly evolving and must address a variety of concerns like poor service, large inventory levels, and friction among suppliers and manufacturers. Analytical databases and techniques in SCM are an important part of this research. Many researchers and practitioners have depended on secondary data, but given the dynamic nature of global competition, more recent and relevant data must be gathered. These efforts need to be geared to the development of properly managed supply chain relationships and corporate sustainability initiatives that ultimately promote broad-based sustainable development objectives for the good of people, plants, and profits (i.e., triple bottom-line).
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