General Tips and trics for Packers and Movers Pune@http://packers-movers-pune.co.in/

Warehouse & Inventory Management Packers and Movers Pune

Inventory managers

Inventory managers have to keep stock when required and utilize available storage space resourcefully so that the stocks do not exceed the available storage space. They are responsible in maintaining accountability of inventory assets. They have to meet the set budgets and decide upon what to order when to order how to order so that stock is available on time and at an optimum cost. Inventory managers have acknowledged that some of these objectives are contradictory; but their job is to achieve a economic balance between these conflicting variables. 

But to achieve this economic balance a clear understanding of many interconnected variables is required- function types of costs problem and the like. The following sections provide an insight into these variables. Further it elaborates upon various aspects of inventory control in physical distribution system.

Role in the supply chain.

Inventory exists in the entire supply chain because of disparity between supply and demand. This disparity is international at a steel manufacture where it is economical to manufacture in large lost that are then stored for future sales. The disparity is also intentional at a retail store where inventory is held in anticipation of future demand. An important role hat inventory plays in the supply chain is to increase the quantity of demand that can be satisfied cant role of inventory is to optimize cost by exploiting economies of scale that may exist during both production and distribution.

Inventory is spread across the entire supply chain from raw material to work in process to finished goods that supplier manufactures distribution and retailers hold. Inventory is a most important source of cost in any supply chain and it has an enormous impact on responsiveness. If we think of the responsiveness range the location and quantity of inventory can move the supply chain from one end of the spectrum to the other. For example an apparel supply chain with a consumer can walk into a store and walk out with the shirt he is looking for. In contrast an apparel supply chain with little inventory would be very unresponsive. A customer wanting a shirt would have to order it and wait several weeks or months for it to be manufactured depending on how little inventory existed in the supply chain.

Inventory also has a major impact on the material flow time in a supply chain. Material flow time is the time taken between the points at which material enters the supply chain to the point at which it exits.

Article By

Packers and Movers Pune

Movers and Packers Pune