Inventory Management §

Group: 5 #group-5

Relations §

• Supply Chain Optimization: Optimizing inventory levels to balance supply and demand, reducing costs and improving customer service.
• Procurement: Procurement plays a crucial role in managing inventory levels and ensuring the availability of goods and materials.
• Forecasting: Inventory management relies on forecasting to maintain optimal stock levels and minimize excess or shortage.
• Global Supply Chains: Effective inventory management is critical for global supply chains to ensure the right products are available at the right time and place.