The management of stocks--some case histories

Geoff Lockett

Omega, 1981, vol. 9, issue 6, 595-604

Abstract: This paper looks at the problem of stock management in its broad context. Using three separate cases as illustrations, it presents some of the real life characteristics of stock control. The situations described show some of the complicated organisational problems that may arise and which are often inherent in stock management. Accurate information is seen to be of paramount importance, and also often difficult to obtain. It is suggested that more effort spent in problem diagnosis, rather than complex mathematical modelling, would be beneficial.

Date: 1981
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