As markets become more dynamic and competitive, companies must reconsider how they view inventory and make changes to their production and inventory systems. They must begin to think outside the classical box and develop a new paradigm of inventory management. Exploring the trend away from classical models based on economic order quantities to dependent demand systems, Inventory Management: Non-Classical Views comes as a just-in-time resource.
Explore the new role of inventories in business enterprises
This book discusses a new paradigm for inventory management that is responsive to dynamic changes in the economy. It explores:
Inventory systems that provide flexibility
Inventory performance measures other than using cost as a means to control inventory
Inventory as a contributor to customer value creation, rather than a liabilityThe book also examines why energy and the environment are to be considered in inventory decisions, the non-classical application of inventory management in fields such as healthcare and disaster relief, and non-classical approaches to measuring the performance of inventory such as information theory, fuzzy sets, and thermodynamics.
While many factors may change, one certainty is that the global economy is becoming increasingly dynamic. Planting the seeds for new research in inventory control and management, this book outlines the evolving role of inventories in business enterprises. It explores how to create inventory management as a tool for continued success regardless of market fluctuations and economic variances.
- ISBN10 6612294116
- ISBN13 9786612294112
- Publish Date 3 August 2009 (first published 1 January 2009)
- Publish Status Active
- Out of Print 28 August 2012
- Publish Country US
- Publisher Taylor & Francis Ltd
- Imprint CRC Press
- Format eBook
- Pages 246
- Language English