Relationship between Inventory Management and Supply Chain Management Models

This paper focuses on the relationship between the inventory management and the supply chain management models. The various supply chain models have deep relationship with the productivity and customer satisfaction of the organizations.

Running head: ARTICLE SUMMARY
Article Summary
Name of the Student
Name of the University
Author Note

1INVENTORY MANAGEMENT
Cornell Notes
Lecture, reading/chapter/novel/article during class, power point, movies (if need to collect info.)
Topic: Transportation Economics
Essential Question:
Questions/Main Ideas:

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Notes:
How is sustainability of the inventory management important? (Article no 1)
Inventory management is one of the most important things in managing the assets. This can be
used in all the service industries like food, manufacturing, retail and others. One of the most
studies models is Economic Order Quantity or EOQ. This can lead the companies to proper and
sustainable manufacturing indeed. The transport and logistics is very much essential in
measuring the inventory management of the models (Bauer et al., 2012).
How vendor-managed inventory can affect supply chain models? (Article no 3)
The two parts of the inventory management are quality control and production inventory control.
The inspection errors can be traced on the costs as a result of the supply chain management
(Christopher, 2016). The vendor as seen here is only one and the buyers are multiple. The items
that are to be sold by the vendor are not of the right quality
What effects does inventory policies have on the supply chain management? (Article no 4).
In this article, the central talking point is the Bullwhip Effect. It has been provide to be a very
problematic factor for many industries. There are several nodes and the inventory system for
each of them is very much important indeed (Bauer et al., 2012). The sustainability of the
organizations depend on a number of environmental factors indeed. The different inventory
models work in different patterns to see the growth of the industry.
What is the relation between transportation risks and costs with the various inventory models?
(Article no 5).

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The supply chain management is one of the most important considerations under the inventory
management. There are many risks of the disruptions regarding the costs and others. This could
well hamper the operations of the inventory management affecting the supply chain management
(Christopher, 2016) One of the most important models is EOQ that is an important tool indeed.
Summary:
This paper focuses on the relationship between the inventory management and the supply chain
management models. The various supply chain models have deep relationship with the
productivity and customer satisfaction of the organizations.

4INVENTORY MANAGEMENT
References
Jacobs, F. R., Chase, R. B., & Lummus, R. R. (2014). Operations and supply chain
management (pp. 533-535). New York, NY: McGraw-Hill/Irwin.
Lambert, D. M., & Schwieterman, M. A. (2012). Supplier relationship management as a macro
business process. Supply Chain Management: An International Journal, 17(3), 337-352.

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References
Bauer, D. G., Campero, R. J., Rasband, P. B., & Weel, M. D. (2012). U.S. Patent No. 8,321,302.
Washington, DC: U.S. Patent and Trademark Office.
Christopher, M. (2016). Logistics & supply chain management. Pearson UK.