Distributor retailer integrated inventory model (in supply chain) Essay - 1

Distributor retailer integrated take stock model (in supply chain) - Essay eccentricBusiness has become very competitive in the present world. Customers are now exposed to more information regarding the crossroad and this allows them to select the best product in the market. Globalization has made business to be competitive outside the region of operation. It is very important that every organization determines suitable method to control the product and service to the people at lowest price. Company will be able to provide products under reduced cost only if the direct cost of the organization is reduced. In the business world every amount that is spent on the product is countable, by reducing the cost of operation the degenerate will be able to reduce the price of the product and this will increase the competitive advantage of the organization.Supply chain management is now macrocosm identified as an important factor for the effective functioning of an organization. Supply ch ain management provides large opportunity for reducing the cost of operation and to assure that the firm functions effectively. Supply chain management covers all the process in the production of a product or service starting from the collection of unprocessed materials to the delivery of the product.Effective supply chain management depends on several factors. With the increase in sequences and participants in the supply chain the complexity of the chain increases. scroll management is an important aspect of the supply chain management. The main focus of inventory management is to determine the activities of inventory like determining the amount of inventory that a company would require to meet the demand of the customer. Proper inventory control enhances the firm to have the optimum amount of inventory to meet the demands of the customer. low-down inventories may result in the organization having deficient inventories and will have to face a shortage of inventories.Most of the companies in the past used the