What is inventory?
The term inventory, or in other words stock, is understood as merchandise or goods stored for a use in [Cox and Blackstone 2005]: The purpose of stockpiling is to ensure the continued availability of raw materials, in-process products, products and final goods in variable demand conditions. Inventory management is therefore understood as actions aimed at […]
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Most often several dozen percent of products stored in warehouses are characterized by sales with an exponential distribution of probability or a distribution close to that of exponential. This text presents the results of the empirical research in this area, supported by the presentation of demand distributions for selected products. The results of inventory analysis […]
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