Inventory Management more than Mathematic Models

The inventory has been present since man started to use natural resources from the planet. However, it is not possible to sustain that its administration is a solved problem. Inventory management has been object of study of management science and operations research, industrial engineering, production, logistics and supply chain management.

Inventory management is summarized as the activity which guarantees stable availability of products demanded by customers, coordinating sales functions, production and distribution in relationships intra and inter companies in order to satisfy the objective market at a rational cost and taking into account the variability and uncertainty of processes.