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welcome to whiteboard Wednesday where we discuss inventory management issues and we keep the concepts small enough that we can fit it onto a whiteboard im kirk tanner and im chief marketing officer of fishbowl and today were going to talk about what is inventory management now this drawing here is a very simplified version of an inventory management is but its good enough to get our point across lets start out over here we get goods delivered that come in to receiving all these items in receiving eventually have to be put away on the shelves and then later on were going to pull these items some of these items might be pulled to be used in a manufacturing process or we might be involved in wholesale distribution and well just pull these goods and well send them out to our customers so they can do things with them regardless whether youre a manufacturing youve got to finish good or youre sending out parts all those pieces need to be shipped out at some point a lot of companies
