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Home » Inventory Is an Asset. Unless It's a Liability. Or Could It Be a Little of Each?

Inventory Is an Asset. Unless It's a Liability. Or Could It Be a Little of Each?

May 21, 2013
MIT Center for Transportation & Logistics

More than 30 supply chain managers from some 19 organizations pondered the issue at a recent MIT CTL roundtable. For many the key is effective change management - changing entrenched views on how inventory should be allocated and dispensed.

These attitudes often stand between you and your inventory management goals. Here is one example.

Functional prejudice. SC professionals frequently run into this one. Finance sees inventory as a drain on working capital, sales wants as much as they can get to please customers, manufacturing is oblivious, and purchasing wants to bulk buy at every opportunity. And senior management doesn't understand the trade-offs between inventory, customer service and cost.

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Keywords: inventory management, inventory systems, inventory control, inventory planning, logistics IT, supply chain management IT, supply chain solutions, logistics & supply chain

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    Logistics Logistics Outsourcing Technology Inventory Planning/ Optimization Business Strategy Alignment Global Supply Chain Management Warehouse Management Systems Pharmaceutical/Biotech
    KEYWORDS Business Strategy Alignment Global Supply Chain Management inventory control Inventory Management Inventory Planning Inventory Planning/ Optimization inventory systems Logistics logistics & supply chain logistics IT Logistics Management: Inventory Planning & Optimization Logistics Outsourcing MIT Center for Transportation & Logistics Pharmaceutical/Biotech Supply Chain Analysis & Consulting supply chain management IT supply chain solutions Technology Warehouse Management Systems
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