Citation
Abstract
A comparison is made between the performance of a proposed policy and that of the current inventory and procurement procedures for the Network Supply Depot and the Complex Supply Facilities. Both procedures were simulated on a computer using identical input demand data. The comparison is based on four criteria: average inventory level, frequency of procurement orders, frequency of shortages and average inventory cost per year. The results of the study indicate that, with reference to maintenance and operating items, the inventory cost would be reduced by about 25% if the proposed policy were put into effect.
Details
- Volume
- XIV
- Published
- April 15, 1973
- Pages
- 81–86
- File Size
- 656.5 KB