The inputs and outputs of supply chain and inventory management

The inputs and outputs of supply chain and inventory management

Supply chain management is a critical component of product-driven businesses. For successful supply chain management, understanding the four stages: purchasing, inventory control, order fulfillment, and customer satisfaction is key. An optimized supply chain can lead to better purchasing practices, stronger inventory control, and accelerated order fulfillment – yielding happier, loyal customers. Watch the following short…

What should be included in an inventory information system?
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What should be included in an inventory information system?

As you explore the possibilities and benefits of inventory management, you may be wondering, “What should be included in an inventory information system?” Good question. An inventory information system is the combination of inventory management software and inventory management processes & procedures to connect, track and manage the flow of goods, activities, information and resources across a business. So, an…