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Psychic Stock: An Independent Variable Category of Inventory

International Journal of Physical Distribution & Logistics Management

ISSN: 0960-0035

Article publication date: 1 July 1990

527

Abstract

The supply‐side or demand‐servicing functions of inventory are well‐known in the inventory, logistics, and retailing literature. However, this literature has yet to develop the demand‐stimulating function of inventory. This article introduces the concept of psychic stock, defined as retail display inventory for stimulating demand. Psychic stock is a minimum inventory level, which is modelled by a partitioning of psychic, cycle, and safety stock.

Keywords

Citation

Larson, P.D. and DeMarais, R.A. (1990), "Psychic Stock: An Independent Variable Category of Inventory", International Journal of Physical Distribution & Logistics Management, Vol. 20 No. 7, pp. 28-34. https://doi.org/10.1108/EUM0000000000370

Publisher

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MCB UP Ltd

Copyright © 1990, MCB UP Limited

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