Inventory Control

The strategic importance of efficient Supply Chain Management is today fullyrecognized by top management. The total investment in inventories is enormousand the... » 

The strategic importance of efficient Supply Chain Management is today fullyrecognized by top management. The total investment in inventories is enormousand the control of capital tied up in raw material workinprogress andfinished goods offers an important potential for improvement. At the same timeadvances in information technology have drastically changed the possibilitiesto apply improved inventory control techniques. Furthermore the recentprogress in research has resulted in new and more general methods that canreduce the supply chain costs substantially. Scientific methods for productionand inventory control can give a significant competitive advantage. The SecondEdition of Inventory Control deals with a range of different approaches andmodels that can be used when developing inventory management systems andpractices. TOCPreface. Introduction. Forecasting. Costs and concepts.Singleechelon systems deterministic lot sizing. Singleechelon systemsreorder points. Singleechelon systems integration optimality. Coordinatedordering. Multiechelon systems structures and ordering policies. Multiechelon systems lot sizing. Multiechelon systems reorder points.Implementation. Appendix 1. Answers and hints to problems. Appendix 2.Normal distribution tables. Index. «