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The problems involved in managing inventories are basically the same as those in managing other assets, including cash.
His computer-based systems for managing inventories in warehouses proved so popular with the owners of Hartford Distributors that they hired him as director of operations, according to Reuben Askowitz, a longtime friend who was in Mr. Felder's wedding party.
As they did last year, online merchants seem to be doing a good job of managing inventories and filling orders, avoiding the Web site crashes and other snags that plagued many online retailers in the industry's infancy.
Although retailers are managing inventories and margins better than during the recession, there are still "a lot of sales and promotions," said Mariana Sanchez, chief strategic officer at Saatchi & Saatchi X in New York, a unit of the Saatchi & Saatchi division of the Publicis Groupe that specializes in shopper marketing.
That's the smart approach to managing inventories of cash, too, when digital technology eliminates the hassle.
Among its offerings: managing inventories, leasing jet engines, maintaining and overhauling airframes and landing gear, and designing cargo loading systems.
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But even that has changed as rental companies have become more sophisticated about managing inventory and online bookings.
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