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Inventory Management: Non-Classical Views (Industrial Innovation Series) - Hardcover
Book 11 of 65: Systems Innovations
Synopsis
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.
<subhead>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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About the Author
Mohamad Y. Jaber
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Inventory Management : Non-Classical Views
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Inventory Management (Hardcover)
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Taylor & Francis Inc, Bosa Roca, 2009
ISBN 10: 1420079972
ISBN 13: 9781420079975
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Hardcover. Condition: new. Hardcover. 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. Focuses on the need to design inventory systems that serve as a means of flexibility, to develop performance measures other than cost to control inventory, and to view inventory as a contributor to customer value creation. Shipping may be from multiple locations in the US or from the UK, depending on stock availability. Seller Inventory # 9781420079975
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