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- Publisher
- Emerald Publishing
- Copyright
- Copyright © Emerald Group Publishing Limited
- ISSN
- 0960-0035
- DOI
- 10.1108/EUM0000000000376
- Publisher site
- See Article on Publisher Site
Abstract
Inventory control problems often result in recordand physical count discrepancies which mayultimately lead to higher than preferred inventorylevels. Conversely, accurate inventory recordsresult in lower inventory investment and are thefoundation for forecasting, ordering, tracking,vendor evaluation, and dead stock administrationprogrammes. Guidelines, based on generalsystems theory, to identify the presence ofinventory control problems in both physicaloperations and information systems areas arepresented. Next, procedures to correct controlproblems are discussed. These include theformation of a permanent taskforce, corporatewideeducation on the importance of recordaccuracy, and the development of a generalmanagement plan based on sound principles foreffective inventory control. Recent experienceswithin a telecommunications company havinginventory control problems are used as a caseexample to illustrate specific points.
Journal
International Journal of Physical Distribution & Logistics Management – Emerald Publishing
Published: Sep 1, 1990