The ICS approach and methodology in respect of inventory performance management starts from a somewhat different perspective from that traditionally adopted....

At the outset we need to distinguish between “maximize”, “minimize” and “optimize”. “Optimize” deals with “the best possible compromise between opposing tend...

Changes in product availability can be expected to produce sales and margin gains when increased, or sales and margin penalties when reduced. Although the lo...

Even with modern inventory management systems customer service targets are usually not fully met. This is potentially a career-limiting phenomenon for many i...