Analysis and optimisation of inventory in enterprises

The analysis and control of inventory in an enterprise is important from the point of view of both costs and customer service management. The appropriate selection of methods of inventory replenishment influences significantly the two mentioned elements. In terms of the costs it enables their optimisation owing to the maintenance of the right products in inventory at an appropriate level, and the inventory replenishment at the relevant time and in the volume adequate to the needs. The proper inventory management affects the appropriate level of availability of the products and thus, the customer service level. This chapter will serve the purpose of presentation of the rules of analysis and optimisation of the inventory, including the selection of the methods of inventory replenishment for products characterised by relatively regular issues.