1.2. Inventory Management Basics#

1.2.1. Parts of Inventory management#

  • Purchasing

  • Logistics

  • Supply Chain

  • Operations

1.2.2. Factors that affect Inventory management#

  • Space

  • Weight

  • Cost

  • Flexibility

  • Risks

1.2.3. Questions to be considered in Mind?#

  • What inventory to buy?

  • What to buy?

  • How much to buy?

  • Can be done by matching Purchase Orders and Customer Orders

1.2.4. Flowchart of Inventory processing#

alt