CONTRIBUTION OF INVENTORY MANAGEMENT TO THE OVERALL LOGISTICS AND SUPPLY CHAIN OF AN ORGANIZATION
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Abstract
How well inventory management functions will affect how well items are stored. Improvements in moving load, delivery speed, service quality, operating costs, facility utilisation, and energy conservation have resulted from advances in methods and management concepts. Logistical manipulation relies heavily on effective inventory management. In light of the present state of affairs, it is evident that a robust system requires a well-defined logistical framework and an adequate inventory of tools and methods to connect the various stages of production. The purpose of this study is to provide a working definition of inventory management's place in the logistics process. In order to better define and understand logistics, its many uses, and the linkages between logistics and inventory, this study was conducted to aid logistics managers, researchers, and inventory planners.
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