In Supply Chain Management, inventory productivity represents amajor area of focus. Managing inventory information and deliveriesare a major operational challenge for firms as they trysimultaneously to reduce costs and improve customer service. To putit in perspective, according to the US Census, inventory investmentin the U.S. for all retailers amounts to $551 billion dollars whilesales are $389 billion dollars for June 2014(http://www.census.gov). Previous research has estimated inventoryinvestment to represent 36% of total assets and 53% current assets(Gaur et al. 2005). During this semester, we discussed severaltechniques geared towards the effective and efficient management ofinventory. The Square Root Law being the most
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