Abstract
Stocks are necessary to balance temporal deviations between demand and supply and between consumption and production. Buffer stocks enable high utilization by decoupling stations with deviating production and consumption rates. Safety stocks ensure availability when demand varies stochastically and when production or supply are temporarily interrupted or delayed. Supply costs are minimal if the right quantities of the right articles are stored at the right stages of the supply network.
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© 2009 Springer-Verlag Berlin Heidelberg
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Gudehus, T., Kotzab, H. (2009). Inventory Management. In: Comprehensive Logistics. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-68652-1_11
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DOI: https://doi.org/10.1007/978-3-540-68652-1_11
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-30722-8
Online ISBN: 978-3-540-68652-1
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