What is Objectives of Distribution Inventory?

Agreed with Mr. Emad & Abdou <<<<<<<<<<<<<<<<<

I agree With you and I may add that the most objective of distribution inventory is that :

 

1.Provide the required level of customer service.

 2.Minimize the costs of transportation and handling.

3.Able to interact with the factory to minimize scheduling problems

Best Regards

The objectives of inventory management:-(i) To ensure that the supply of raw material & finished goods will remain continuous so that production process is not halted and demands of customers are duly met.(ii) To minimise carrying cost of inventory.(iii) To keep investment in inventory at optimum level.(iv) To reduce the losses of theft, obsolescence & wastage etc.(v) To make arrangement for sale of slow moving items.(vi) To minimise inventory ordering costs.

Objectives of Distribution Inventory

To minimize the cost of Production, maintain accuracy and  make goods available in  time with best condition.

 The main objectives of distribution

1. Movement of goods

The main objective of distribution is to make flow of goods from production place to consumption place. For this, the role of the distribution channel system and its members becomes very important.

2. Availability of goods

The objective of distribution function is to make or supply necessary goods to the large masses of customers living indifferent geographical areas.

3. Protection of goods

The objective of distribution is also to properly storing, handling and protecting the goods and supplying them to the consumers in good condition.

4. Cost reduction

The objective of distribution is also to reduce cost of product by bringing effectiveness in distribution process.

5. Customer satisfaction

The other objective of distribution function is to help consumers feel satisfied through effective distribution.

Maximizing Customer Service

Maximizing the efficiency of purchasing and production

Minimizing the inventory investment

Maximizing Profit

 

Inventory management is the strategic administration of inventory to reduce inventorycosts and improve product quality.