Inventories and origin of the concept prompted investigation and search to obtain a more in-depth look at what has transpired over time and what the future might require. The results indicated inventories that have existed for centuries ― “just to have enough on hand” ― as having been historically recorded. In today’s business environment, creating and maintaining inventories is a major priority for executing an efficient supply chain.
To emphasize the important role inventory plays in the supply chain cycle, further studies were conducted to determine whether some criteria exists for creation and what major factors are involved and used in making responsible decisions.