Revolutionizing Stock Management: Strategic Oversight by the Inventory Management Team

Each node optimising for itself does NOT mean that the entire chain will get the best results.

In fact, the OPPOSITE is true.

Local Optima DOES NOT mean a Global Optima.

Learning to whom to subordinate is half the battle won.

#learning #subordinate #lessismore

https://lnkd.in/gdxShFM8

Buyers buy to optimise
– purchasing costs

Sales sells to optimise
– targets

Stores will end up
– Accumulating stock

Unbalanced Stock levels.
Powerless control.

The inventory management team should be responsible for

– Assessing demand
– Appropriate stock levels
– Instruct buyer on WHAT and WHEN to supply