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Literature review on inventory management and control

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Added: 29.03.2021
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Spare parts inventory control: a literature review

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Related Literature for Inventory System | harestua.info

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Related Literature for Inventory System Essay Sample

Operating according to a strategy of mass customization and responsiveness, management knows that success is dependent on tight inventory control. Anything else results in an inability to deliver promptly, chaos on the assembly line, and a huge inventory investment. Because of long lead times and scheduling needs at Reynolds, aluminum must actually be ordered as much as 8 months in advance. But this competitive cost advantage cannot be taken lightly, according to President Bob Collins. No part can leave the locked stockrooms without appearing on a bill of materials.
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The purpose of this paper is to provide a review of inventory management articles published in major logistics outlets, identify themes from the literature and provide future direction for inventory management research to be published in logistics journals. Articles published in major logistics articles, beginning in , which contribute to the inventory management literature are reviewed and cataloged. The articles are segmented based on major themes extracted from the literature as well as key assumptions made by the particular inventory management model. Two major themes are found to emerge from logistics research focused on inventory management. First, logistics researchers have focused considerable attention on integrating traditional logistics decisions, such as transportation and warehousing, with inventory management decisions, using traditional inventory control models.
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