Jul 17, 2017 Research papers

Why do you think inventory management and forecasting play a vital role in matching supply and demand?

This paper concentrates on the primary theme of Why do you think inventory management and forecasting play a vital role in matching supply and demand? in which you have to explain and evaluate its intricate aspects in detail. In addition to this, this paper has been reviewed and purchased by most of the students hence; it has been rated 4.8 points on the scale of 5 points. Besides, the price of this paper starts from £ 40. For more details and full access to the paper, please refer to the site.

Role of Inventory Management and Forecasting in Matching Supply and Demand

INSTRUCTIONS:

!!! I need to have a guarantee that the essay will be 100% no Plagiarism !!!!

The assignment should comprise a total of 2000, words (+/- 10%), including references and

appendices if there is any.

Why do you think inventory management and forecasting play a vital role in matching supply and demand? Discuss it critically

None of the Subject areas here are relevant- the right subject area is procurement and supply chain. 

Assignment structure:

Introduction (words 200, +/- 5%)

Main Body (1400, +/- 5%)

Conclusion and Discussion (600, +/- 5%)

References and appendixes (300, +/- 5%)

CONTENT:

Role of inventory management and forecasting in matching supply and demand Student: Professor: Course title: Date: Role of inventory management and forecasting in matching supply and demand Inventory is one of the most capital-intensive investments that all business organizations make. As such, supply chain professionals usually employ inventory management systems in order to manage their inventory more effectively whilst satisfying customer demand, and in the end optimizing their inventory investment. Inventory management is understood as a system that is utilized in overseeing the flow of services and products in and out of a company. Inventory management, in essence, matches supply to demand through dynamically allocating inventory to where it is most needed (Segura 2011). Having high inventory levels adds to the expenditure and increases overall overhead costs. According to Chan and Prakash (2012), an effective way of managing inventory is to determine the company’s inventory demands. Effective management of inventory is at the center of supply chain management excellence. The management of several sorts of inventories, including raw materials, partner inventories, and finished goods actually sits at the junction of demand and supply. This paper discusses critically why inventory management and forecasting plays an integral role in matching demand and supply. Inventory management and forecasting Inventory management and forecasting plays a role in ma...



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