Is UK Manufacturing Industry Really Overstocked?

Abstract

Inventory control has been an area of constant research for many years and most fundamental problems are now well understood. Despite some difficulties relating theory to practice, good solutions can be found for most inventory problems, especially with increasing availability of computers. Against this background it is disturbing when British management is criticised for its poor record of stock control. It has been suggested that stock levels in this country are, as a whole, far too high. Some criticisms have attempted international comparisons and concluded that other industrialised countries control their stocks more rigorously, hence reducing costs, increasing efficiency and improving competitiveness.

Citation

Waters, C.D.J. (1984), "Is UK Manufacturing Industry Really Overstocked?", International Journal of Physical Distribution & Materials Management, Vol. 14 No. 5, pp. 5-10. https://doi.org/10.1108/eb014589