Yield Management refers to the strategic approach of optimizing inventory or resource allocation to maximize revenue or service levels. Originally developed in the airline and hospitality industries, yield management principles have been adapted for supply chain management, especially in managing perishable goods or seasonal inventory.It involves forecasting demand, dynamic pricing, and controlling inventory availability to match fluctuating customer demand. Proper yield management ensures that inventory is available when needed, reducing waste from excess stock and maximizing profitability.
