INVENTORY MANAGEMENT CONCEPTS AND IMPLEMENTATIONS: A SYSTEMATIC REVIEW

Inventory is a central management function. It cornerstone of supply chain and logistics in the material system. Depending on organisational objectives, inventories warehouses may be needed to fulfil customer or humanitarian demands. Controlling inventory critical operational success performance. This research reviews concepts implementations face increasingly demanding human need. Demand variable control system, its characteristics affect treatment. Important demand include level certainty, which could deterministic (i.e., known with certainty) stochastic/Bayesian but uncertain), structural dependency independent dependent). review considers dependent natures their respective impact operations Keywords Management, Decision Making process, Supply Chain Deterministic model, Independent demand, Dependent