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Availability is a term used for the materials available in the store which can be used for production. There should always be enough of availability of raw materials in the inventory for products of high demand. Reliability is a term which can be used for a vendor or a supplier whom we can trust and rely on for the raw materials. There two terms can be differentiated in terms of inventory management and can be best described using the raw materials as examples. These terms are very important when production comes into picture. It is very important to know the difference between product availability and product reliability so as to ensure smooth production system. All the consumer demands should be satisfied and there should not be any time lag in production cycle. Efficient production cycle will ensure customer satisfaction and increase in demand.
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