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Industrial Engineer Engineering and Management Solutions at Work

August 2014    |    Volume: 46    |    Number: 8

The member magazine of the Institute of Industrial Engineers

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Driving effective inventory management

Five key insights can increase visibility and reduce costs, all while setting appropriate service levels 

By Oviamathi K

Global manufacturing enterprises deal with complex and compelling challenges, including economic volatility, fluctuating commodity prices, supply-chain inefficiencies and increasing customer expectations. Today’s fluid business environment demands that manufacturers find new, smarter ways to meet these challenges. That journey begins with thoughtful consideration of how supply chain managers can more effectively design and direct inventory-management processes to help manufacturers grow, improve profitability and increase customer satisfaction.


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