Description

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Supply chain management (SCM) deals with the management of materials and information across the entire supply chain. SCM majorly focuses on three areas, namely, information flow, inventory management and production management. Businesses must develop and optimize techniques for managing inventory and production throughout their supply chains. Inventory management is an area of management that deals with the control of the entire stock of a company. Inventory control and warehouse management are parts of the overall inventory management process. The movement of items within a warehouse comes under the purview of inventory control whereas managing the stock at a specific location falls under warehouse management. Production management or operations management is a management area that involves planning, organizing, directing and controlling all the activities of production. This book provides comprehensive insights on inventory and production management in supply chains. A number of latest researches have been included to keep the readers up-to-date with the global concepts in this area of study. The book aims to serve as a resource guide for students and experts alike.