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How Much Inventory?

Holding inventories to protect operations and sales are vital for every company: Customers are constantly looking for rapid service. Providers are not fast enough to respond quickly to any demand. Organizations have to deal with these facts and also with complexity and uncertainty: There is variability in supply and demand. Distribution network is huge and complex. There are quality considerations. Operations are not reliable. Also, human relations are not precisely the best: There is pressure to sell more. There is pressure to hold less inventory. There is pressure to achieve global objectives, while at the same time there are local objectives. So, how much inventory should we hold? We have … Continue reading How Much Inventory?