Tech Industry

Evolution To World-Class Inventory Management

Date Added: Jan 2010
Format: PDF

The evolution from elementary to world-class inventory management is one of progressive organizational maturity and management focus. This white paper provides an overview of the growth process toward world-class inventory management - from the theoretical and technical approaches undertaken within small planning groups to the multi-disciplinary, management, strategy-oriented approaches of fully evolved organizations. Originally called Sales & Operations Planning (S&OP), the term "Sales, Inventory & Operations Planning (SIOP)" is used throughout this paper to reflect the fact that organizations are increasingly embracing this forward thinking concept.