Inventory Management: An Integrated, Disciplined Process ...

Unfortunately, this cycle is repeated far too often. Establishing a sound inventory management process within the ongoing company culture will cushion the negative impacts when business is soft.

Effective inventory management is an integrated and disciplined process that must be part of a company’s culture. Although most companies have some planning processes in place, inventory management isn’t formalized or closely controlled to achieve maximum results. In addition, to be successful it must be embraced and followed by all levels of management.