Ghana- Principles and Techniques of Managing Inventory. Training Manual
(2008; 58 pages)

Inventories are a major component of any logistics system and as such require to be planned, managed and controlled in order to achieve the basic aims of: 1)Minimising costs at acceptable levels of investment; 2) Providing the desired levels of customer service.

Their purpose includes: 1) The decoupling of supply and demand through the creation of buffer stocks; 2)The build up of anticipation stocks to meet planned or expected demand. Inventory management needs to recognise it cannot work in isolation within the logistics system. It can have a significant effect, through the inventory policies it employs, on many of the inter-related activities, for example; distribution networks, warehouse design and operation, inward and outward bound transport, and should be capable of identifying these areas of cost trade-off which will optimise the efficiency of the total operation.

The WHO Essential Medicines and Health Products Information Portal was designed and is maintained by Human Info NGO. Last updated: March 20, 2014