ABSTRACT
This arrangement has gradually evolved into structure C as pressure increases for better performance. The central role of inventory management has been recognized in many businesses, both in distribution and manufacturing, and material management or logistics directors have been appointed to co-ordinate various aspects of inventory management into one supply activity. Stock control encompasses:
purchasing – especially reordering (but see Chapter 8) forecasting demand planning inventory against company targets stock allocation and delivery promising monitoring and controlling service and inventory production planning and control (for manufacturing).
