Evaluating inventory management performance using a turnover curve
International Journal of Physical Distribution & Logistics Management
ISSN: 0960-0035
Article publication date: 1 February 2000
Abstract
Managing inventory levels in the aggregate is a common concern of senior management. A generalized formula (turnover curve) developed in previous research that mimics practical inventory control is used to audit inventory control performance of inventories in the aggregate and at multiple stocking points. The same turnover curve is used to estimate the impact of changing the inventory control procedures or to set new targets for inventory levels. It is a simple yet powerful tool for evaluating inventory managerial performance that can be developed from readily available company data. This research provides additional examples to further validate the practical usefulness of the turnover curve.
Keywords
Citation
Ballou, R.H. (2000), "Evaluating inventory management performance using a turnover curve", International Journal of Physical Distribution & Logistics Management, Vol. 30 No. 1, pp. 72-85. https://doi.org/10.1108/09600030010307993
Publisher
:MCB UP Ltd
Copyright © 2000, MCB UP Limited