The document discusses inventory management concepts including definitions of inventory, inventory systems, types of inventory positions in the supply chain, reasons for holding inventory, and how inventory can add value through quality, speed, flexibility and cost. It also covers topics like designing inventory management systems, measuring inventory, balancing inventory levels, models for inventory management including economic order quantity and reorder point models, and classifying inventory using ABC analysis.

1. Inventory Management

6. Inventory Positions in the Supply Chain Raw Materials Works in Process Finished Goods Finished Goods in Field

26. Marginal Analysis Holding Costs Ordering Costs Units $

28. level of inventory average inventory units Q t time Sawtooth Model

32. Inventory Model Under Uncertainty reorder Q m point safety stock time

39. Planning Supply Chain Activities Anticipatory - allocate supply to each warehouse based on the forecast Response-based - replenish inventory with order sizes based on specific needs of each warehouse