The role of inventory management in the logistics and operation of Fed Essay

The role of inventory management in the logistics and operation of Fed Ex Corporation Limited - Essay Example This report will seek to describe the process of inventory management undertaken at Fed Ex Corporation Limited (courier industry) and the role it plays in the overall logistics and functioning of the company in helping it pursue its objective: the fast and efficient delivery of parcels to their desired destination anywhere across the globe! Knowing the role of inventory management is important because it contributes to the overall functioning of the company and in turn, determines the efficiency of the entire process. In other words, it is very important for any firm to deal with its inventory carefully because this in turn complements and directly affects other related processes such as warehousing, transportation and all of this eventually determines the level of customer satisfaction. This customer satisfaction is essential in building and maintaining the goodwill of the company. Any little negligence or carelessness can lead to big failures and destroy very easily the goodwill that the company took years to build. Therefore, through this report, we aim to highlight the importance of inventory management and hence, the logistics operations in the overall functioning of any company, specifically explained here through Fed Ex corporation.