... be contacted at: renzo@man.dtu.dk © Emerald Group Publishing Limited 2012 Stock control Forecasting Inventory management SKU classification Demand classification Production strategy In production and operations management, companies often have to deal with many different products...

... provides a new perspective on stock control that brings theory into line with modern supply chain management concepts. Under the simplest conditions, conventional EOQ methodology balances the charges associated with holding (cycle) inventory against the expenses incurred when placing and receiving...

... discusses experiences gained in case studies of practical stock control techniques. New concepts aimed to reduce the problem of slow moving parts are described, for example: suppliers leasing service parts; standardisation of parts for the group of machines in a factory or over a complete sector of industry...

... strategy Operations management Stock control Surveys United Kingdom Descriptor variables describe the manufacturing plant in terms of “what” is being done. They define the general task of the manufacturing operation and tend to be long‐term in nature, e.g. width of the product range...

... to complex, for computing the safety stocks will be reviewed in the next section. Just‐in‐time Safety stocks Service levels Stock control One of the important elements of Just‐in‐Time (JIT) implementation efforts is the reduction of lot sizes in production and purchasing. Supplier deliveries...

...‐in‐time Re‐order quantities Stock control Since the introduction of Harris′s EOQ model in 1915, many academic researchers and practising managers have become intrigued with developing and implementing effective inventory management systems. Hundreds of articles, such as those surveyed...

... with MRP system nervousness. Operating characteristics are identified and future research directions are suggested. © MCB UP Limited 1992 Inventory control MRP Stock control Organizational restructuring IJOPM 12,6 Research Framework for Investigating the Effectiveness of Dampening...

... history of the data series. Concludes with a discussion of an “ideal”forecasting system and how far removed many popular programs used in production and inventory control are from this ideal. Computer software Forecasting Inventory control MRP Production control Stock control © MCB UP Limited...

.... This model has certain advantages over the traditional methods. An illustration of how the model can be used to assist purchasing in the selection of suppliers is given. © MCB UP Limited 1990 Just‐in‐time Production management Supplier evaluation Purchasing Stock control Vendor Requirements...

... Stock control Strategy IJOPM 10,4 32 Received May 1989 Revised August 1989 Human Factors in the Implementation of Just-In-Time Production Nick Oliver Cardiff Business School, Cardiff It is not the latest gimmick, it is fundamental and when completed there can be no other improvement[1]. It's a balls...

... of material. Improved responsiveness by the supplier, and faster provision of accurate demand data by the customer, were shown to be key issues. © MCB UP Limited 1990 Production management Just‐in‐time Supply Customers Stock control IJOPM 10,2 84 Issues in Setting up JIT Supply Alan Harrison...

... Turnover” ratio as a control measure is discussed. An alternative, more pointed measure which could very readily be incorporated into a computer based stock control system,“The Life” of stock, where: Life = Stock in store/Usage over the last year is suggested, and its extension, “The Life Profile...

...Andrew Wirth A recent British study has shown that stock control based on reorder level/cycle is the most commonly used operational research technique in manufacturing industry. However, a review of literature on the effect of inflation on reorder levels reveals that inconsistent results have been...

... of forecast errors within the total manufacturing lead time. This may be too short to allow for changes in volume but the creation of component safety stock will permit changes of product mix. Examples of the approaches described are given. Product Mix Stock Control Theories Uncertainty 63 Technical...