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Karma Gurung
on Oct 18, 2024

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Inventory is an important supply chain driver because changing inventory policies can dramatically alter the supply chain's efficiency and responsiveness.

Supply Chain

A network between a company and its suppliers to produce and distribute a specific product to the final buyer, involving the flow of materials, information, and finances.

Efficiency

The degree to which an organization or process accomplishes its intended goals with a minimum of waste, expense, or unnecessary effort.

Responsiveness

The ability of a company to quickly adapt to changes in market conditions or demand.

  • Recognize the criticality and operation of inventory within the framework of improving supply chain efficiency and responsiveness.
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Avery CarringtonOct 21, 2024
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