chapter  7
24 Pages

Chapter.7. Inventory.Planning.and.Replenishment

How to Determine What and How Much Inventory Is Needed The questions of what and how much inventory are related. Planning is undertaken to determine the level of inventory that will be needed for operations, and replenishment is the process of maintaining this level through some combination of reorder and other techniques. This definition is suitable for inventory in all operations, be it for assembly, production, shop supplies or sales to a customer.