Publish Date: 2006
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The strategic importance of efficient Supply Chain Management is today fully recognized by top management. The total investment in inventories is enormous, and the control of capital tied up in raw material, work-in-progress, and finished goods offers an important potential for improvement. At the same time, advances in information technology have drastically changed the possibilities to apply improved inventory control techniques. Furthermore, the recent progress in research has resulted in new and more general methods that can reduce the supply chain costs substantially.
Subject: Business and Economics, Axsäter, Change, Manufacturing, distribution, information technology, inventory control, inventory management, logistics, management, management science, operations research, production planning, supply chain management