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Welcome back, in this course of supply chain analytics, so far we have discussed about various types of forecasting models which we used for taking decision with respect to planning of various activities in the supply chain. In our last session we also started one very important issue in the supply chain that is inventory management. Inventory management is a subject which most of us have studied in the classes of operations management, but inventory management when we study only for a standalone entity. That inventory management is very different type of inventory management. In case of supply chains where various entities are linked with one another, inventory management alone can make or destroy your supply chain decisions. So, it is very important in a supply chain case, that we take very appropriate decisions with respect to inventory management. Obviously, the feeding, the input for taking decisions with respect to inventory is provided by the forecasting. That is why we discuss
