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

Author

Listed:
  • Oluwaseyi Joseph Afolabi
  • Onifade Morakinyo Kehinde
  • Odeyinka Olumide F.

    (Bells University of Technology, Department of Management Technology, Ota, Nigeria)

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.

Suggested Citation

  • Oluwaseyi Joseph Afolabi & Onifade Morakinyo Kehinde & Odeyinka Olumide F., 2017. "Evaluation of the Role of Inventory Management in Logistics Chain of an Organisation," LOGI – Scientific Journal on Transport and Logistics, Sciendo, vol. 8(2), pages 1-11, November.
    • Handle: RePEc:vrs:logitl:v:8:y:2017:i:2:p:1-11:n:1
    DOI: 10.1515/logi-2017-0011
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    Cited by:

    1. Sandra Perks & Jason Delport, 2023. "Inventory Forecasting and Control Decisions for Effective Inventory Management in the South African Automotive Component Manufacturing Industry: Pre COVID-19 and Lockdown Period," Eurasian Journal of Business and Management, Eurasian Publications, vol. 11(1), pages 17-31.

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