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Inventory management is a comprehensive process of implementing manufacturer's inventory policy and value chain inventory policy. Reaction method, or pull inventory method, is to use customer demand to pull the distribution of products through distribution channels. Another management concept is planning method, which actively arranges the transportation and distribution of products in the channel according to the demand and product availability. The third method, or hybrid method, combines the first two methods with logical reasoning to form an inventory management concept that responds to the product and market environment. A comprehensive inventory management strategy will formulate various policies and be used to determine the process of where to arrange inventory, when to start replenishment and how much inventory to allocate.
Inventory management is the management of enterprise inventory, which mainly includes inventory information management and decision analysis on this basis, and finally effective control, so as to achieve the ultimate goal of inventory management and improve economic benefits. Fiberhome headhunters believe that inventory management is a comprehensive process of operationalizing manufacturer's inventory policy and value chain inventory policy. Reaction method, or pull inventory method, is to use customer demand to pull the distribution of products through distribution channels. Another management concept is planning method, which actively arranges the transportation and distribution of products in the channel according to the demand and product availability. The third method, or hybrid method, combines the first two methods with logical reasoning to form an inventory management concept that responds to the product and market environment. A comprehensive inventory management strategy will formulate various policies and be used to determine the process of where to arrange inventory, when to start replenishment and how much inventory to allocate.
Inventory refers to the finished products or commodities held by enterprises for sale in the normal production and operation process, or products still in production process, or materials and materials that need to be consumed in the production process or in the process of providing services. It is a barometer reflecting the operation of enterprise liquidity, and often becomes a regulator used by a few people to adjust profits and evade state taxes and fees. Because it not only accounts for a large proportion in the working capital of enterprises, but also is a kind of liquid assets with poor liquidity.