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Implementation

In: Inventory Control

Author

Listed:
  • Sven Axsäter

    (Lund University)

Abstract

In Chaps. 2–10 we have described different methods for forecasting and inventory control. An inventory control system is usually based on a suitable selection of these methods. However, efficient algorithms cannot guarantee successful control. It is also necessary to create a good environment for practical application of the methods. This means, for example, correct inventory records and sound objectives for the control. Section 11.1 deals with various prerequisites for implementation of inventory control. In order to succeed, it is also necessary to understand how different control parameters like holding costs and service levels can be used for adjusting the control system. The implementation process, as well as adjustments of the control system, should be planned carefully and it is very important to monitor the results closely. We discuss issues concerning implementation and adjustments in Sect. 11.2.

Suggested Citation

  • Sven Axsäter, 2015. "Implementation," International Series in Operations Research & Management Science, in: Inventory Control, edition 3, chapter 11, pages 223-233, Springer.
    • Handle: RePEc:spr:isochp:978-3-319-15729-0_11
    DOI: 10.1007/978-3-319-15729-0_11
    as

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