IDEAS home Printed from https://ideas.repec.org/a/fip/fedbne/y1992inovp37-65.html
   My bibliography  Save this article

Changes in inventory management: implication for the U.S. recovery

Author

Listed:
  • Jane Sneddon Little

Abstract

Inventories usually rise relative to sales during recessions, but they have remained remarkably lean during the recent downturn and the ensuing period of unusually slow growth. This article describes recent changes in inventory management and then presents statistical evidence that the introduction of these new techniques represented a structural change for the U.S. economy. ; The article also explores the implications of this structural shift for the current recovery. In the long run, reducing inventories permits greater efficiency and improves U.S. economic welfare. However, in the short run, the transition to improved inventory management is exerting a noticeable drag on the pace of economic growth. Presenting evidence that the transition is not yet complete, the article concludes that the ongoing introduction of lean inventory practices represents a structural impediment to a rapid recovery.

Suggested Citation

  • Jane Sneddon Little, 1992. "Changes in inventory management: implication for the U.S. recovery," New England Economic Review, Federal Reserve Bank of Boston, issue Nov, pages 37-65.
    • Handle: RePEc:fip:fedbne:y:1992:i:nov:p:37-65
    as

    Download full text from publisher

    File URL: http://www.bostonfed.org/economic/neer/neer1992/neer692d.pdf
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Andrew J. Filardo, 1995. "Recent evidence on the muted inventory cycle," Economic Review, Federal Reserve Bank of Kansas City, vol. 80(Q II), pages 27-43.

    More about this item

    Keywords

    Inventories;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:fedbne:y:1992:i:nov:p:37-65. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Spozio (email available below). General contact details of provider: https://edirc.repec.org/data/frbbous.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.