Implementation

  • Sven Axsäter
Part of the International Series in Operations Research & Management Science book series (ISOR, volume 26)

Abstract

In Chapters 2–5 we have described different methods for forecasting and inventory control. An inventory control system is usually based on a suitable selection of these methods. However, efficient algorithms cannot guarantee successful control. It is also necessary to create a good environment for practical application of the methods. This means, for example, correct inventory records and sound objectives for the control. Section 6.1 deals with various prerequisites for implementation of inventory control. In order to succeed, it is also necessary to understand how different control parameters like holding costs and service levels can be used for adjusting the control system. The implementation process, as well as adjustments of the control system, should be planned carefully, and it is very important to monitor the results closely. We discuss issues concerning implementation and adjustments in Section 6.2.

Keywords

Inventory System Service Level Inventory Control Stock Level Safety Stock 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Science+Business Media New York 2000

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  • Sven Axsäter

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