Business : Inventory Management Report

Running head: INVENTORY MANAGEMENT REPORTInventory Management ReportStudents NameInstitutional Affiliation1INVENTORY MANAGEMENT REPORT2INVENTORY MANAGEMENT REPORTIntroductionInventory refers to the goods or materials that a company uses for production and salespurposes. In this case, inventory refers to the products that are stocked to be sold, as well as theitems that the firm utilizes to enhance sales. Inventory management, on the other hand, refers toways in a company that handles its inventory to improve the production process. Inventorymanagement refers to the specific manner in which a firm obtains, stores, and sells the finishedgoods to earn a profit (Waller & Esper, 2014). Efficient inventory management enables a firm toensure that it meets its customers demands and that at no point does the business suffer from overor understocking of inventory. The following report analyzes the inventory management at CocaCola Company and PepsiCo to determine the differences in the approaches of the two firms aswell as the relevance of the inventory management system to the companys designCompanys BackgroundCoca Cola Company is an American multinational corporation headquartered in Delaware,US (Coca Cola, 2019). The company is the leading manufacturer, distributor, and marketer of nonalcoholic beverages, which it sells in more than two hundred countries (Coca Cola, 2019). CocaCola manufactures and sells more than five hundred brands of non-alc ...


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