... inventory costs) The aim of inventory management is to determine stock levels in order to minimize total operating cost while satisfying customer service requirements In practice, a good inventory ... which item to pick next to fulfil a customer order to the corporate-level decision to build a new manufacturing plant Logistics planning supports the full range of those decisions related to the design ... vendor-managed systems, in which vendors monitor customer sales (or consumption) and inventories through electronic data interchange (EDI), and decide when and how to replenish their customers Vendors...
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