Abstract
SUMMARY The problem of inventory control has received increasing attention over the last 16 to 20 years, which has resulted in a vast amount of literature. Two types of inventory can be distinguished: (1) manufacturing inventories, which contain dependent demand items and are most efficiently controlled by means of Material Requirements Planning (MRP), and (2) distribution inventories, which contain independent demand items and for which Statistical Inventory Control (SIC) techniques are usually employed. This paper is a survey of the literature available on the management of production inventories. It deals with, and compares, MRP and SIC as both these techniques are used in industry. For literature published before 1972 this survey has been based mainly on review articles, but for the period of 1972 to 1976 original books and papers are reviewed and listed as references.
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