The core issue of inventory management is how to resolve the dilemma of shortage and excess this book focuses on the resolution of this dilemma unlike other solutions presented so far it proposes a solution based on the toc replenishment system. Inventory management having control over your inventory is vital to safeguard against stock outs it is crucial to put an inventory management system in place that gives you visibility knowing your inventory levels you can determine when your stock needs to be replenished and reduce inventory shortages. Excess stock is a term used in inventory management and is often called a number of different things overstock stock surplus excessive stock or excess inventoryno matter what you call it one thing that remains constant is the threat excess stock represents to your companys bottom line. Policies and agreements between trading partners have a huge impact on inventory management for example is a retailer really taking possession of the inventory or is it considered consigned thus creating returns on the unsold items in which case the supplier is still left with the inventory dilemma. This paper presents how the concepts of theory of constraints toc vendor managed inventory vmi and business to business b2b tools can be applied to supply chain management scm in order to improve the global supply chain performance first of all the toc concepts and the scm dilemma according to toc thinking are to be summarized
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