oboloo Glossary

Inventory Control Operations Research

oboloo Glossary

Inventory Control Operations Research

Inventory Control Operations Research is a systematic approach to analyzing and managing the flow of inventory across an organization. It involves the use of quantitative techniques such as optimization and simulation to determine the optimal level of stock at any given time, in order to minimize cost, maximize profit, and maximize customer satisfaction. By examining the movement of goods through each stage of the supply chain—from production to warehousing, distribution and final sale—Inventory Control Operations Research provides organizations with a comprehensive view of their inventory operations, enabling them to make informed decisions that optimize performance.