Inventory supply chain is a term used to describe the process of managing the flow of goods and services from the point of origin to the point of consumption. It involves the coordination of production, storage, distribution, and delivery of products and services to customers. The main goal of inventory supply chain is to ensure that the right products are available at the right time and place to meet customer demand. This process requires the integration of multiple stakeholders, including suppliers, manufacturers, distributors, retailers, and customers. To ensure that the inventory supply chain is efficient and effective, it is important to have an official business definition. This definition should include the roles and responsibilities of each stakeholder, the types of inventory that need to be managed, the strategies for managing inventory, and the metrics used to measure performance. By having an official business definition, organizations can ensure that their inventory supply chain is running smoothly and efficiently.
