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Supply Chain Management: Process & Examples |

In this lesson we will be discussing the value and necessity of supply chain management. Supply Chain Management is the strategy of ensuring that raw materials, goods and inputs are in the correct place at the required time. While this is a very basic idea, imagine all the small parts a vehicle manufacturer has to keep track of. Not an easy task.

The Supply Chain

The Supply Chain is the movement...

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Perpetual Inventory System: Definition, Advantages ...

Perpetual Inventory System Defined

A perpetual inventory system, or continuous inventory system, is an inventory control system that allows businesses to keep a real-time account of inventory on hand. The widespread use of computers after the 1970s increased this systems popularity because businesses were able to more easily keep track of inventory as it sold. Barcodes, radiofrequency...

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