Chapter 9 The Role of Inventory
Figure 9.1 A sign in Roanoke, Virginia, USA. We hope that this book helps you to do better.
Photograph by the author.
Determining appropriate inventory levels is generally one of the most important and challenging tasks that operations managers face: Carry too much, and you’ve got more money tied up in working capital than you need. Carry too little, and you face the possibility of unacceptable stockouts and disruption of your manufacturing process.
Basically, inventory exists anywhere in a process where flow is not continuous, where material stops moving for any reason for any ...
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