Multi-item classification and general inventory stock control policies

Multi-item classification and general inventory stock control policies

0.00 Avg rating0 Votes
Article ID: iaor199151
Country: United States
Volume: 29
Start Page Number: 6
End Page Number: 8
Publication Date: Dec 1988
Journal: Production and Inventory Management Journal
Authors: ,
Abstract:

Assignment of stockkeeping units into groups is an important component of inventory management. This article introduces a new method for grouping which supports modelling, strategy analysis, and control of production/inventory systems. The method can make use of any operationally important item attributes and considers both statistical and operational performance objectives. Applications demonstrate that this method dominates the ABC method.

Reviews

Required fields are marked *. Your email address will not be published.