Posts tagged "inventory policy"

Enterprise Inventory Policy (EIP)

Enterprise Inventory Policy (EIP) defines both the aggregate-level and the item-level inventory management. Each and every organisation that deals with inventory must have EIP and it shall be reviewed on an annual basis. EIP is a policy document that shall be agreed upon mainly between the CFO and COO as well as by leaders of New Product Development, Marketing, Sales, Procurement etc. This provides a framework within which all the above leaders are expected to operate and ensure best

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Association For Supply Chain Management (ASCM), USA