Types of Inventory Control

Effective inventory management can have wide-reaching benefits for an organisation. From streamlined delivery of products to cost-effective operations to reputation enhancement to better time-management, inventory management places a critical role at the heart of the business. Inventory and warehousing can be approached passively or proactively. But it’s only when you strive to make inventory management work harder for your business that its benefits become apparent. It may all come down to a simple case of supply and demand, but achieving the optimal balance and flow isn’t always as straightforward as it seems.

This exclusive tutorial provides a comprehensive introduction to the various types of inventory control within supply chain operations. Explore a range of key concepts including anticipation inventories, fluctuation inventories, lot size inventories and transportation. Study the various classes of inventory, along with the role of your customers in determining the ideal inventory and warehousing strategy.