The author sets inventory management in its broader context, discussing the important trends and pressures for change. The main approaches are discussed and evaluated, giving the reader a broad appreciation of the principles involved. Some quantitative ideas are developed in the text, but the author has kept the mathematics to a minimum, focusing on practical examples and calculations on spreadsheets.
PART I: INTRODUCTION.
1. Stocks and Inventories.
2. Stocks within an Organisation.
PART II: METHODS FOR INDEPENDENT DEMAND .
3. Economic Order Quantity .
4. Models for Known Demand.
5. Models for Uncertain Demand.
PART III: INFORMATION FOR INVENTORY MANAGEMENT.
6. Sources of Information .
7. Forecasting Demand .
8. Planning and Stocks .
PART IV: METHODS FOR DEPENDENT DEMAND.
9. Material Requirements Planning.
10. Just-in-Time.
Index.
The author sets inventory management in its broader context, discussing the important trends and pressures for change. The main approaches are discussed and evaluated, giving the reader a broad appreciation of the principles involved. Some quantitative ideas are developed in the text, but the author has kept the mathematics to a minimum, focusing on practical examples and calculations on spreadsheets.
Assuming no prior knowledge of the subject area, this book provides students of management, operations management, management science and production – as well as practitioners- with an indispensable guide to inventory control.
Supplementary material for lecturers adopting Inventory Control and Management is available.