Global Inventory Management

 Global Inventory Management

Inventories are all items that are listed under merchandise which is used by consumers based on their needs and wants. This inventory will be finished goods for some, work in progress for some and raw materials for some.

Treating our World as one big enterprise and all nations in all continents are networked to this global enterprise. The balancing of equation between Economics and Science & Technology keeps the global enterprise active 24x7.

Nations as a networked unit of the Global Enterprise can use the Inventory on global scale and at the same time also design their own inventory needs indigenously customized. The science of agriculture is one such customized inventory designed and used by nations to keep their independent economic functions active.

Field of medicine has both the regional inventory and the global inventory. Nation like India has their own pharmaceutical inventory in the form of science of Ayurveda and science of Siddha medicine.  Allopathic medicines are the Global Inventory used by all nations based on their needs and wants.

Focus is more on the Global Inventories because of their power of impact on economics of all nations. All nations networked in the Global Enterprise are part of the “Supply Chain Management’. The Supply Chain Management of Global Inventories are neatly planned and executed without any ambiguity.

The Global Inventories keep coming up in a phased manner. Some of the inventories stay for a long period and few others become obsolete and disappear from the inventory list. Few inventories that became obsolete and disappeared were the Radio sets, Typewriters, Telephones, Magnetic Tapes, Floppy Discs, CDs and CD players and Pagers. Few more Global Inventories kept their life intact by adapting to new technologies like in the automobile sectors, telecommunications, health industry, entertainment and household articles.

Who plans these Global Inventories? Are they instantaneous developments from a spark in mind? Are they pre-planned and experimented in R&D centers? Interestingly these inventories follow both the First-In First-Out and the First-in and Last-Out methods. Strangely, these Global Inventories do not suffer a decaying period in shelves unutilized. When a new Global Inventory is planned the old ones are silently removed. Some nation’s pick these removed old Global Inventories and try to generate indigenous inventories to meet their customized needs.

By now it is clear that the Global Enterprise plans its inventories for global market in a neat manner. How does this happen? It cannot be a spontaneous global event for inventory generation. In fact, things do not happen that way in a network of nations with imbalanced economic strength. Where is the planning of Global Inventories happening? How are they triggering global demands and pushing the newly developed inventories? One such Global Inventory developed and simply pushed into the global markets is the technology of Artificial Intelligence. It is for time to decide whether this Global Inventory of AI to stay for long or simple become another obsolete inventory.