Available:*
Library | Item Barcode | Call Number | Material Type | Item Category 1 | Status |
|---|---|---|---|---|---|
Searching... | 30000010230389 | TS160 W37 2003 | Open Access Book | Book | Searching... |
On Order
Summary
Summary
Holding stock is expensive - problems of inventory control almost universal. Over the past decade organisations have been trying to improve customer service while lowering stocks and increasing the speed of material flow through their supply chains. This completely updated new edition reviews current thinking on inventory management. It emphasises the growth of e-commerce, and the trend away from classical models based on economic order quantities and towards dependent demand systems.
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.
Author Notes
Donald Waters has degrees from the Universities of Sussex, London and Strathclyde. He worked for a variety of organizations in the UK before moving to Canada to become Professor of Operations Management at the University of Calgary. In 1997 he returned to the UK to become Chief Executive of Richmond, Parkes and Wright, whose main interests are in management research, education and training. Dr. Waters continues to work for organisations around the world, using his specialist knowledge of operations and supply chains. He has written a number of successful books in these areas.
Table of Contents
| Background to Inventory Control |
| Independent Demand Inventory Systems |
| Economic Order Quantity Model |
| Deterministic Models for Inventory Control |
| Probabilistic Models for Inventory Control |
| Forecasting Demand |
| Information for Independent Demand Inventory Systems |
| Dependent Demand Inventory Systems |
| Material Requirements Planning |
| Just-in-Time Systems |
| Planning for Dependent Demand Inventory Systems |
| Appendices |
| Index |
