Inventory Strategies Yield Uneven Results
- Topics:
- Inventory Management
- Tags:
- Business Operations,
- Inventory,
- Management,
- Quality,
- Strategy
- Source:
- Penton Media
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Overview: Collaborative inventory-management strategies can reduce inventory levels throughout a value chain where inventory management techniques are working; it is a situation where information is replacing inventory. The most commonly used inventory- management practices -- deployed with either suppliers or customers -- are just-in-time delivery, vendor-managed inventories, and real-time inventory tracking. A few less widely embraced strategies -- such as CPFAR (collaborative planning, forecasting, and replenishment), cross-docking, and merge-in-transit -- are catching on in certain industry sectors and making a difference for firms that have learned to master them.
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Format: HTML | Date: Mar 2000 | Pages: 1
