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.
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.