search query: @indexterm Inventory control / total: 880
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| Author: | Kukreja, A. Schmidt, C. P. Miller, D. M. |
| Title: | Stocking Decisions for Low-Usage Items in a Multilocation Inventory System |
| Journal: | Management Science
2001 : JUL, VOL. 47:7, p. 1371-1383 |
| Index terms: | INVENTORY CONTROL WAREHOUSING INDUSTRIAL PLANT |
| Language: | eng |
| Abstract: | This research shows that organizations with a number of "sister" plants, warehouses, or other stocking points can profit from the concept of proactive use of transshipments as an element of their inventory control policy. For certain types of parts, employing transshipments can significantly reduce the total inventory needed throughout the entire collection of stocking points. The study is motivated by a real-life situation involving a large utility company having 29 power-generating plants in five Southeastern states where there are thousands of parts that are commonly used at multiple plants. At present, each plant operates independently and maintains enough stock to meet its ownr equirements. |
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