theory of inventory management.

Theory of inventory management by T M. Whitin Download PDF EPUB FB2

Table 1 lists the models of inventory management theory, which can be modelled using mathematical tools and the necessary software. The authors present two basic descriptions of demand, which also separate and refer to the two models of inventory theory - "Deterministic models“ and “Stochastic models." The authors focused on theFile Size: KB.

Inventory management is a very important function that determines the health of the supply chain as well as the impacts the financial health of the balance sheet.

Overall, Inventory Management Explained does actually explain inventory management, and in doing so, exposes the good, the bad, and the ugly aspects of it.

But more importantly, it leaves the readers knowing enough to be able to start making smart decisions about how they manage their inventory. The book also describes the logic behind MRP and discusses Just-In-Time and Theory of Constraints.

I would not recommend this as an introductory book to inventory management but rather a book for those that already have some basic understanding of inventory management and want to.

About article usage data: Lorem ipsum dolor sit amet, consectetur adipiscing elit. Aenean euismod bibendum laoreet. Proin gravida dolor sit amet lacus accumsan et viverra justo commodo. Inventory management involves a lot more than just counting what you’ve got.

Now in a thoroughly updated and expanded second edition, Essentials of Inventory Management covers topics such as: Forecasting and replenishment strategies • Differences between retail and manufacturing inventories • Materials requirements planning and just-in-time inventory systems • Simple formulas for /5(42).