Literaturereviewoninventorymanagement.docx

Literature review on inventory management(1500-2000

1.Concept of inventory

1.1 Type of inventory

1.2 Safety stock

1.3 Current inventory

1.4 Reasons for holding inventory

1.5 Inventory-related costs

2. What are the unreasonable inventories

(e.g. 1,The impact of purchasing on inventory

2,The importance of sales forecasting

3,Change of production plan)

3. What are the methods of inventory management

Supplier managed inventory VMI

ABC

EOQ

4. How to reduce excess inventory