A computer‐aided inventory management system – part 1: forecasting
C.Y.D. Liu
(Lecturer at the German‐Singapore
Institute, Jurong, Singapore)
Keith Ridgway
(The Billy Ibberson Professor of Industrial Change and Regeneration in the Department of Mechanical and Process Engineering, University of Sheffield, UK)
3297
Abstract
Argues that the mathematical techniques embodied in existing computer‐based inventory management systems software have not kept pace with developments. Describes the development of ABC‐classified stock analysis and demand forecasting modules, to be integrated into an existing materials management system, which enable a major cutting‐tool manufacturer to minimize its stockholding costs while providing a high level of customer service.
Keywords
Citation
Liu, C.Y.D. and Ridgway, K. (1995), "A computer‐aided inventory management system – part 1: forecasting", Integrated Manufacturing Systems, Vol. 6 No. 1, pp. 12-21. https://doi.org/10.1108/09576069510076117
Publisher
:MCB UP Ltd
Copyright © 1995, MCB UP Limited