Basic Concepts

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Basic Concepts
Basic ConceptsThe investment in inventory typically represents one of the largest single uses of capital in a business, often more than 25 percent of total assets. In this section, we discuss different types of inventory, distinguishing between independent- and dependent-demand items. We also describe functions of different types of inventories (transit, cycle, safety, and anticipation stock).
Independent- versus Dependent-Demand Items This chapter concerns managing independent demand inventories. The demand for items contained in independent demand inventories (such as those stocked in the distribution center and field warehouses…
F. Robert Jacobs; William L. Berry; D. Clay Whybark; Thomas E. Vollmann: Manufacturing Planning and Control for Supply Chain Management: APICS/CPIM Certification Edition. Basic Concepts, Chapter (McGraw-Hill Professional, 2011), AccessEngineering Export