Rethinking Inventory Management: More Than a Formula
[Editor's Note: For more on the latest research findings in inventory management, join Bill McBeath, ChainLink's Chief Research Officer for Thursday's free webcast, Dimensions of Inventory Management: Holistic Strategies for a Volatile World]
Much of the focus on inventory management in the business literature is on basic formulae approaches-how forecasts, lead times and such affect inventory. And they do.
But the fact is lurking across the enterprise and the supply chain that there are missed or powerful forces that influence inventory policy-both formal and informal. And these influences and influencers create some obstacles and dilemmas on getting a grip on inventory management.
Inventory Policy - Who Calls the Shots