Warehousing and Inventory Management
This concept describes ways of managing processes, operations, assets and costs to maintain an efficient flow of goods and services throughout global supply chains.
Warehousing and Inventory Management Definition
Warehousing and inventory management refers to the practices and processes employed to control inventory holding levels, minimise costs and bottlenecks, manage current and future stock requirements, maintain required service levels for internal and external customers and enhance upstream and downstream inventory visibility in the supply chain (Lysons and Farrington, 2006; Wang and Toktay, 2008; Williams and Tokar, 2008; Wisner and Stanley, 2008).
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Warehousing and Inventory Management references (4 of up to 20) *
- Balderstone, S.J. and Mabin, V.J. (1998) A Review of Goldratt’s Theory of Constraints (TOC): Lessons from the International Literature. Proceedings of the 33rd Annual Conference of the Operational Research Society of New Zealand. Auckland.
- Billington, C., Callioni, G., Crane, B., Ruark, J.D., Rapp, J.U., White, T. and Willems, S.P. (2004) Accelerating the Profitability of Hewlett-Packard's Supply Chains. Interfaces, Vol.34(1), pp.59-72.
- Braithwaite, A. and Samakh, E. (1998) The Cost-to-Serve Method. International Journal of Logistics Management, Vol.9(1), pp.69-84.
- Brigham, E.F. and Ehrhardt, M.C. (2008) Financial Management. Thomson South-Western. Mason: OH.
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