Inventory management in a corporation context
Lukkarinen, Juha; Majava, Jukka (2020-05-20)
Lukkarinen, Juha & Majava, Jukka (2020) Inventory management in a corporation context. In: Valerij Dermol (ed.) The MakeLearn & TIIM 2020 (MLTIIM2020), May 20-22, 2020, Online Conference (pp.123-129). http://www.toknowpress.net/ISBN/978-961-6914-26-0/27.pdf
© The Authors. CC-BY-SA.
https://creativecommons.org/licenses/by-sa/4.0/
https://urn.fi/URN:NBN:fi-fe2020120799638
Tiivistelmä
Abstract
Inventories and inventory management are integral parts of companies’ supply chain and logistics activities. This study focuses on the elements of efficient inventory management. The study analyses how the corporation environment affects inventory management and the potential challenges in this type of context. The study is based on literature findings. Based on the study’s results, the importance of reliable inventory data, documented inventory management practices and unified inventory management organisation are vital for ensuring a corporation-level efficiency. The study findings can be used as a reference for inventory management development projects in corporations.
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