Final Paper MGT 5063 - Running head INVENTORY MANAGEMENT...

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Running head: INVENTORY MANAGEMENT Inventory Management Summary Course NAME MGT5063 7 Dec 2016 1
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Running head: INVENTORY MANAGEMENT Inventory Management Summary Course Inventory management represents the process of controlling and overseeing of the ordering, depositing and use of the elements that the company applies during the production of goods. Compelling inventory management is an integral part of the supply chain management quality. In order to understand this process, we need to analyze the major approaches to its definition. So, the first one views supply chain as the change of the different products flows – supplier stage market product is replaced with the stage of the buyer placing the order, then supplier receives the order and supplies it. Respectively, on the next stage buyer receives supply and returns reverse flows to the supplier or third party. Another approach implies that supply chain can be viewed from the push/pull perspective.
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