Inventory management is a key element of the supply chain. It is sometimes confused with other related processes and practices of the supply chain ecosystem. Inventory Management is the tracking of inventory from raw materials to manufacturers, to finished goods, to distributors, warehouses (wholesaler or retailer), and from these facilities to a point of sale (end customer). The goal of inventory management is to have the right products in the right place at the right time.
Supply Chain Risk Assessment
Companies worldwide have been affected by recent supply chain issues. From large factory shutdowns in China due to Covid-19, to recent port backups in Southern California, or the rising number of factory fires across the world, the increasingly globalized nature of our supply chains means that the potential number of risks and threats to our supply chains are greater than ever before. T Exponents has a risk assessment, management and mitigation approach to address organizational risk.