Inventory Positioning in Supply Chain
As supply chain flows are essential for fulfillment of customer orders, managers throughout the network need to anticipate the customer requirements at each of the levels of the chain. Simply put, organisations require materials from a variety of suppliers in order to make a number of distinct and often diverse products that are sold or consumed by a host of different customers.
Purpose of Inventory
There are several views why inventory is important for different organisations.
Some of these views include: