Key Terms for Supply Chain

You must know that for an organization to operate at optimum efficiency, supply management and procurement need to be clearly defined activities. This module will cover key terms related to supply chains.
The supply chain inventories are the commercial items being held for sale. Inventories also include the items used in the manufacturing of other products.
Inventory control involves the management of these items and should include determining carrying costs. As well as you should know the categories of the supply chain inventory.