Why Inventory management (Stock maintenance) became one of the key factors within supply chain management
“ WHY INVENTORY MANAGEMENT (STOCK MAINTENANCE) BECAME ONE OF THE KEY FACTORS WITHIN SUPPLY CHAIN MANAGEMENT ”. Prepared by: Ashan Silva AFNI (UK), CMILT (UK), ACIM (UK), Ex. MSc (Strategic Marketing), Ex. MBA, CIM(UK), MBA, DBA(ABD) Flow of material is one of the key factors in supply chain management. Supply of material can be from local market or from international market. Through whatever the way decides, we should make sure uninterrupted smooth material supply to maintain a continuous production cycle. But in practical world, due to various reasons this flow might interrupt. Due to e.g., natural calamities (earth quacks, floods, snow falls, etc.), pandemic lock downs, strikes, etc. So, organizations are always maintaining their material stocks to avoid any such production interruptions due ...
