Product Description
This text presents a complete treatment of inventory theory and models. Coverage is organized into an introductory section followed by a second which focuses on predictable supply and demand, and the third section covering stochastic inventory models. Many developments related to inventory such as ERP supply chain management JIT and ERP systems are integrated within the text.
From the Publisher
FIM includes an introductory chapter which outlines the logic and topical coverage of the text, and provides a strong rationale for the need for and application of inventory theory. Chapter two outlines the current state of technology of managing inventory, including MRP, ERP, and database systems, and also points to web resources which will provide students with knowledge of tools for keeping up-to-date on those tools.
Examples are integrated to illustrate application of concepts, difficult technical material is segmented or appendicized for optional coverage, and problem sets are arranged logically, all in order to allow flexibility depending on course level.