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Jonathan Byrnes (jlbyrnes@mit.edu) is a senior lecturer at the Massachusetts Institute of Technology (MIT) and is founder and chairman of Profit Isle, a SaaS profit-analytics Enterprise Profit Management company. He is author of Islands of Profit in a Sea of Red Ink and co-author, with Profit Isle CEO John Wass, of Choose Your Customer: How to Compete Against the Digital Giants and Thrive.

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How to resolve your inventory dilemma

Should companies continue to follow a just-in-time inventory management strategy? Or should they go back to holding safety stock just in case stockouts occur? The answer is a little bit of both.

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