Guide · Lean & OpEx · 5 min read
Inventory Management: The Right Stock in the Right Place
The set of policies and techniques that minimize tied-up capital and carrying cost while protecting service level.
Core concepts
Inventory management relies on tools like ABC analysis (focus on critical items), Economic Order Quantity (EOQ), reorder point, safety stock and inventory turnover. The goal: neither tie up capital with excess stock, nor lose sales and customers to stock-outs.
How to improve it
Improve demand forecasting, shorten lead times, compute safety stock statistically (to a target service level), and regularly clear slow-moving/dead stock. Tools like NORMMETRE and OPEX ease this calculation and tracking.
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