Wetenskaplike Voorraadbestuur

Abstract

It is generally accepted that inventories cost money, but often only the cost of capital tied up in stock is considered, and management attempts to keep inventory levels as low as possible.

Scientific inventory management takes into account other costs such as the costs of ordering and of running out of stocks.

A policy is formulated which minimizes the total cost per time unit.

The use of the computer and its advantages and limitations are also discussed.