After studying this chapter, you should be able to:
15.1: Identify the various types of inventory.
15.2: Describe the types of inventory costs.
15.3: Examine the role of inventory in an organization’s supply chain.
15.4: Use inventory management measures to determine the efficiency of an inventory system.
15.5: Illustrate key features in inventory management systems.
15.6: Identify the causes of the bullwhip effect and other causes of uncertainty in supply chain inventories.
15.7: Explain how companies can include sustainability and ethical practices in inventory management.
15.8: Demonstrate the requirements for managing inventory in global supply chains.
15.9: Describe how service firms apply inventory management methods to their operations.