Evaluation of the Role of Inventory Management in Logistics Chain of an Organisation

Oluwaseyi Joseph Afolabi (), Onifade Morakinyo Kehinde () and Odeyinka Olumide F. ()
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Oluwaseyi Joseph Afolabi: Bells University of Technology, Department of Management Technology, Ota, Nigeria
Onifade Morakinyo Kehinde: Bells University of Technology, Department of Management Technology, Ota, Nigeria
Odeyinka Olumide F.: Bells University of Technology, Department of Management Technology, Ota, Nigeria

LOGI – Scientific Journal on Transport and Logistics, 2017, vol. 8, issue 2, 1-11

Abstract: The operation of inventory management determines the efficiency of storage of products. The progress in techniques and management principles improves the moving load, delivery speed, service quality, operation costs, the usage of facilities and energy saving. Inventory management takes a crucial part in the manipulation of logistics. Reviewing the current condition, a strong system needs a clear frame of logistics and a proper inventory implements and techniques to link the producing procedures. The objective of the paper is to define the role of inventory management in logistics for the reference of further improvement. The research was undertaken to assist logistics managers, researchers and inventory planners to define and comprehend the basic views of logistics and its various applications and the relationships between logistics and inventory.

Keywords: Logistics chain; stock; performance; organization; techniques (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:vrs:logitl:v:8:y:2017:i:2:p:1-11:n:1

DOI: 10.1515/logi-2017-0011

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