Warehouse and Inventory Management

In this chapter, we introduce two important topics that mainly deal with the storage and handling of physical goods and materials in supply chains. First, the concept of warehouse management, associated activities, and warehouse management system are discussed, followed by warehouse performance measurement. Then, we move onto inventory management, focusing on addressing two essential questions for inventory managers, i.e., ‘how much to order?’ and ‘when to order?’. In latter sections of the chapter, we introduce warehouse optimization using linear programming and classification algorithms including logistics regression and boosting methods, to solve practical warehousing and inventory stockout problems in Python.