Inventory Fundamentals: Understanding Four Essential Types
In my last blog ”Unpacking Dual Challenges: Product Proliferation and Other Operational Realities in the Beverage Industry”, we examined product proliferation in the beverage industry and proposed a few questions that should always be asked when making supply chain-related decisions. In this entry, we will review four inventory categories and the business rationales for holding […]
Key Customer Service Measures
A key objective of supply chain management is to maximize customer service whileminimizing relevant costs. Successful supply chain management involves trade-offs,requiring beverage operations to determine the optimal level of customerservice considering not only the direct cost of lost sales, but also the strategic potentialcosts of lost loyalty from consumers or good will from customers. The key is to thenachieve the […]