Preface -- Introduction -- The basis of inventory control -- Customer service -- Shaping inventory -- Practical methods for reducing stockholding -- Management and control -- Lean supply -- Safety stocks -- Setting the right stock levels -- Procurement -- Delivery quantities -- Forecasting...

Preface -- Introduction -- The basis of inventory control -- Customer service -- Shaping inventory -- Practical methods for reducing stockholding -- Management and control -- Lean supply -- Safety stocks -- Setting the right stock levels -- Procurement -- Delivery Quantities -- Forecasting...

Purpose: The purpose of this paper is to propose a heuristic for the inventory management of smart vending machine systems with product substitution under the replenishment point, order-up-to level policy and to evaluate its performance. Design/methodology/approach: The heuristic is developed on...

Inventory data applied to a standard partial stock-adjustment model demonstrate that inventory control, defined by desired marginal inventory-sales ratios and speeds of adjustment, improved in the last decade or so, particularly in the manufacturing sector. In addition, the evidence suggests...