Inventory Parameters
This book provides a detailed overview of various parameters/factors involved in inventory analysis. It especially focuses on the assessment and modeling of basic inventory parameters, namely demand, procurement cost, cycle time, ordering cost, inventory
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Inventory Parameters
Inventory Parameters
Sanjay Sharma
Inventory Parameters
123
Sanjay Sharma National Institute of Industrial Engineering (NITIE) Mumbai, Maharashtra India
ISBN 978-981-10-4544-8 DOI 10.1007/978-981-10-4545-5
ISBN 978-981-10-4545-5
(eBook)
Library of Congress Control Number: 2017937284 © Springer Nature Singapore Pte Ltd. 2017 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. Printed on acid-free paper This Springer imprint is published by Springer Nature The registered company is Springer Nature Singapore Pte Ltd. The registered company address is: 152 Beach Road, #21-01/04 Gateway East, Singapore 189721, Singapore
Preface
Inventory management deals with a wide variety of parameters and their interaction. In order to deal with the management of inventories, there is an important need for a thorough understanding of relevant parameters. The present book specifically focuses on the inventory parameters and that makes it different from the existing books on inventory management. The various parameters considered in this book include the costs of ordering, inventory carrying, and stock out, as well as the procurement of inventory items. Demand and procurement cycle time are also incorporated. Finally, it is expected that this book will prove to be a significant reference/text for students/professionals of management and engineering branches including production/procurement management. Mumbai, India
Sanjay Sharma
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