February 2021

Supply Chain

Avoid costly stockouts through inventory sharing

Inventory sharing, per se, is not a new concept; rather, it is a popular practice in the wholesale and distribution business.

Iyer, K. R., M/s Indorama India Private Ltd. (1)

Inventory sharing, per se, is not a new concept; rather, it is a popular practice in the wholesale and distribution business. However, the collaborative arrangement of inventory sharing among manufacturing industries is a new concept and not widespread. The author was involved in a successful inventory sharing project among neighboring industries, and this article details how it can be accomplished with minimal time and effort. Inventory sharing among group companies located in multiple geographical locations or among neighboring industries can prevent costly stockouts, improve uptime, reduce emergency purchases, prevent obsolescence and dispose of surplus inventory—truly a synergistic, win

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