Corpus ID: 29691482

INVENTORY MANAGEMENT, SERVICE LEVEL AND SAFETY STOCK

@inproceedings{Radasanu2016INVENTORYMS,
  title={INVENTORY MANAGEMENT, SERVICE LEVEL AND SAFETY STOCK},
  author={Alin Constantin Radasanu},
  year={2016}
}
There are many studies that emphasize as a first objective of inventory management to minimize the value invested in inventory because it has a direct impact on return on assets. This approach is not fully correct. The actual objective is to determine the value and the mix of inventory that support a high service level for customers and that maximizing the companies’ financial performance. Many companies look at their own demand fluctuations and assume that there are too many variables to… Expand
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