The Effect of Inventory on Supply Chain Management
The Effect of Inventory on Supply Chain Management Abstract The management of materials and information is addressed by supply chain management across the whole supply chain, from suppliers to manufacturers, distributors, and retailers customers. In recent decades, academics have focused a lot of emphasis on the effect of inventory on supply chain management (SCM). Generally speaking, supply chain management research has centred on three key problems. The first concerns information flow; the second concerns inventory management; and the third concerns planning and operations management. The second problem, inventory management, will be addressed in this article. The author will go through the stages of categorising inventory, identifying cost drivers, assessing cost components, calculating EOQ, making recommendations, and discussing the impact of inventory on the supply chain. Under the examination of two options utilising the MCDM (Multiple Criteria Decision Making) technique, the con...