Inventory Management Theory and Application

Author: Qu Li
Publisher:
Publish Date: 2006-08-01
Features: This book mainly includes six parts, totaling 12 chapters. The first part covers the basic theories of inventory management. The second part discusses demand forecasting issues. The third part addresses inventory decision-making problems, exploring decision-making from the perspectives of single-period and multi-period inventory. The fourth part focuses on research on inventory management models, summarizing the characteristics of supply chain inventory management and three inventory management models, analyzing the issues and strategies to consider in multi-level inventory. The fifth part covers inventory problems in non-manufacturing fields. The sixth part is about inventory control and management improvement, which is the twelfth chapter of the book. It summarizes inventory control methods, proposes criteria and indicators for inventory performance evaluation, and applies the Theory of Constraints to propose performance improvement methods, pointing out the directions for inventory management improvement. The book primarily discusses inventory decision-making problems for independent demand and does not delve deeply into related demand issues. Additionally, the book does not study inventory control for multiple items. This is a significant shortcoming, and it also represents the direction for future research. It is hoped that this book can serve as a stepping stone, contributing a small part to the field of inventory management.