Product Suite

Supply Chain Glossary - I

Supply Chain Glossary - I

inventory management

The branch of business management concerned with planning and controlling -inventories.

Inventory models for the replenishment of inventory. Independent demand inventory ordering models include but are not limited to fixed reorder cycle, fixed reorder quantity, optional replenishment, and hybrid models. Dependent demand inventory ordering models include material requirements planning, kanban, and drum-buffer-rope.


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