Inventory management Literature review Example | Topics and Well Written Essays - 500 words

armoury way - Literature review ExampleIn scientific meaning, the inventory management finds the way of importanttaining the stock to experience the demands for production in order to provide the right product at the right time at the competitive prices with right quantities. Objectives of inventory management include as the best services for customers, minimizing the cost of the inventory, optimized recitation of the machine and men, and achieving the best production targets.According to Waters (2003) inventory management works for three main objectives as it manages the flow of material or products through the entire chain of supply. schedule management helps the logistical in order to achieve the aims of the organization. Inventory managers support the managers to be sure about availability of the take goods.The main aim of inventory management is the arrangement of all material of library in a proper manner. The books must arrange in accurate order. The librarian periodic ally checks for missing books (Xavier University Library 2013).Inventory management like many other activities of the company tops the welfare for the company. Logistic operations of the company contribute to profit in marketing services and financial requirements of the company. Inventory management meets the demands of the customers at the minimum cost. Inventory management optimizes the support in the three main areas as inventory cost, customer services and run costs (Wild 2002).The book by ONeil (1998) is based on the management of library and archival security. The write focused on the management of the library as well as the security. Libraries are the treasures of knowledge and information, so security is very important. The libraries of universities are mostly having donors. If there is a lack in management of the library, it give give a bad impact of university in front of donors. The proper inventory management constitution is required to follow for the maintenance o f library. The investment