Inventory management - Control and replenishment / Imee Juiana Hj. Tajuddin

Planning and controlling as well as replenishments
of inventories are crucial decisions. There are
unpredicted situations which, lead firms to make
decisions so that overstock or stock-outs would not
occur. Keeping inventories will costs the firms
money. An effective planning and control of
inventories is fundamental if distributors are to
achieve their goals simultaneously. Selecting of
inventory ordering policy is crucial to guide
planners and purchasers to determining what items
to be ordered, when orders should be released and
the order quantity.