Tuning inventory policy parameters in a small chemical company

Tuning inventory policy parameters in a small chemical company

0.00 Avg rating0 Votes
Article ID: iaor2004936
Country: United Kingdom
Volume: 54
Issue: 4
Start Page Number: 350
End Page Number: 361
Publication Date: Apr 2003
Journal: Journal of the Operational Research Society
Authors: , ,
Keywords: manufacturing industries
Abstract:

A project to improve inventory management in a small UK chemical company is described. A research group comprising university academics and company managers for logistics and information technology examined current practices and analysed a database of historical records of business operations of the company. Based on the analysis, a scheme to categorise stock and set ordering polices to optimise inventory costs was developed. Some comments are made on process issues and the learning that took place.

Reviews

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 Your email address will not be published.