Inventory Analytics | Lesson Summary | Alison
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Inventory Analytics – Lesson Summary

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INVENTORY
A stock of materials used to satisfy customer demand or to support the production of services or goods.
Types of Inventory


Work in Progress
Finished Goods
Safety Stock Inventory
Anticipation Inventory
Pipeline Inventory

INVENTORY MANAGEMENT 
Inventory Management involves the planning and controlling of inventories in order to meet the competitive priorities of the organization.
LAGRANGE MULTIPLIERS
Lagrange function is a strategy for finding the local maxima and minima of a function subject to equality constraint.
MULTIPLE ITEMS INVENTORY MODELS


Constraints on Budget


Constraints on Space


Constraints on Number of Orders


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