SUMMARY & CONCLUSIONS
- Omnipresence of inventories (‘necessary evil’)
- Nature of inventory related costs
- Principles of selective inventory management
- ABC analysis
- VED analysis
- FSN analysis
- Ordering rules and reorder point determination
- Policy implications of selective inventory management
- Features of a computerized inventory management system
- Relevance of independent vs. dependent demand systems
- MRP vs. conventional inventory management
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