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Inventory Management - Non-Classical Views (Hardcover, New)
Loot Price: R3,249
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Inventory Management - Non-Classical Views (Hardcover, New)
Expected to ship within 12 - 17 working days
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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 liability The 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.
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