Our Inventory element model at Topline Global Logistics is closely related to storage and warehousing. Our teams look at what stock to hold, where the stock is located and how much stock to hold. In effect, inventory controls the flows of goods going into and out of a warehouse. How is this achieved? By looking at sales data of past orders and using various mathematical and statistical tools to attempt to predict how much goods will be demanded by consumers. Inventory management is not an exact science, but depending on how variable demand can be, it is a useful tool to help manage the flows of goods through the supply chain.
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