oboloo

oboloo Glossary

Inventory Supply Chain

oboloo Glossary

Inventory Supply Chain

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.

Want to find out more about procurement?

Access more blogs, articles and FAQ's relating to procurement

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

© 2024 oboloo Limited. All rights reserved. Republication or redistribution of oboloo content, including by framing or similar means, is prohibited without the prior written consent of oboloo Limited. oboloo, Be Supplier Smart and the oboloo logo are registered trademarks of oboloo Limited and its affiliated companies. Trademark numbers: UK00003466421 & UK00003575938 Company Number 12420854. ICO Reference Number: ZA764971