Single or one off inventory management cases
Single inventory event decisions are cases where there is only one opportunity or event where the inventory or goods/services can be sold, after this event the inventory is either obsolete or is no longer available to be consumed. This represents a capacity and inventory management decision challenge as it is very difficult to accurately predict the level of required stock/inventory and over capacity or over stock will be worth nothing once the event has passed.
Some instances that are single event inventory cases are:
-Concerts and sporting events (These have fixed capacities and seat inventories)
-Airline flights
-Special dinners and lunches
-Seminars
-Accommodation
-Car rental
-One off production run of clothing and accessories
-Major fashion items
-Limited edition items
These items and services are a few among the single inventory cases, although some of these items could prove so popular that it may be possible for them to become a regular sales item or service and for the inventory controller transform into a multiple period inventory decision.
More on inventory management