Supply Chain

Inventory Management Essay Examples & Outline

Companies always deal with issues relating to the amount of inventory that they have to hold in a certain duration. Holding inventory is never desirable since excess inventory is always tantamount to additional costs for the organization. Modern manufacturing companies such as coca cola and Toyota often use the best inventory management systems to ensure that they hold only the required amount of inventory that will facilitate their operations without having to deal with the undesirable costs of holding extra inventory (Young, 2009).