Scientific Inventory Control and Manufacturing Environments

Abstract

Inventory is an essential part of the manufacturing process, but quantitative analyses have tended to concentrate on a narrow range of problems. Although the characteristics of stock holdings in manufacturing industry vary widely, there is scope for considerable cost savings if scientific methods are employed. This article describes three cases in which savings have been made despite the lack of relevant tried theory.

Citation

Walters, C.D.J. (1982), "Scientific Inventory Control and Manufacturing Environments", Management Decision, Vol. 20 No. 3, pp. 3-9. https://doi.org/10.1108/eb001290