Leaders for Global Operations Program. Donald Rosenfield and Bruce Cameron. Sloan School of Management. Massachusetts Institute of Technology Date Issued:
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Stock-taking in shops like ours with a lot of items is time-consuming if we scan the barcodes one by one.
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Inventory management is a critical management issue for most companies – large companies, medium-sized companies, and small companies.
Logistics is all about managing inventory, whether the inventory is moving or staying. In relation to this, inventory management is defined as the process of conducting a balanced cost-benefit analysis of the inventory. In inventory management, a company takes stock of all the available goods and the inventory created is used while making decisions on how to spend and what to spend on.
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This Master Thesis represents the essence of our achievements during the one- and-a-half years of study in the Logistics and Transport Management Programme at .