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Efficient and effective management of inventory throughout the supply chain significantly improves the ultimate service provided to the customer. Efficient inventory management is a complex process which entails the management of the inventory in the whole supply chain. The dynamic nature of the excess stock level and shortage level over all the periods is a serious issue when implementation is considered...
A key concern for global manufacturers today is to reduce inventory and inventory driven costs across their supply and distribution networks. Efficient and effective management of inventory throughout the supply chain significantly improves the ultimate service provided to the customer Minimizing the total supply chain cost refers to the reduction of holding and shortage cost in the entire supply...
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