Wednesday, July 30, 2008

Inventory control

The appropriate production and inventory management (also known as inventory control) policy is a key factor for modern enterprises’ success in competitive environment.Production and inventory control systems such as MRP systems, and kanban control systems (KCS) have been the subject of intensive research for several years.
The most important objective or inventory control is to determine and maintain an optimum level of investment in the inventory. Most companies have now successfully installed one or the other system of inventory planning and control. The inventory control models range from very simple methods to highly sophisticated mathematical inventory models.

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