Cover image for Principles of inventory and materials management
Principles of inventory and materials management
Tersine, Richard J.
Personal Author:
Third edition.
Publication Information:
New York : North-Holland, [1988]

Physical Description:
xii, 553 pages : illustrations ; 24 cm
General Note:
Includes index.
Format :

On Order



This text/reference addresses the unprecedented changes occurring in manufacturing that are being brought about by quality management philosophy -- lower inventory, reduced lead-time, preventive maintenance, and increased emphasis on customer satisfaction. Combining theory and practice, it presents alternative systems (models) for managing materials (inventory) -- their use, transformation, distribution, and sale -- and their flow to, within, and from the organization. Covers forecasting and marketing analysis; independent demand systems (deterministic models/probabilistic models); discrete demand systems (deterministic models/materials requirements planning - MRP); inventory system changes and limitations; single order quantities; in-process inventory, just-in-time, and theory of constraints; distribution inventory systems; inventory valuation and measurement; simulation; and aggregate inventory control. Content progresses from simple systems to more complex models; numerous examples of solved problems and short case studies explore a variety of situations and organizational settings; and appendices provide additional extensions and supporting logic on particular topics. For practitioners and advanced students involved in operations, inventory control, production control, and physical supply in manufacturing.

Table of Contents

1 Introduction
2 Forecasting and Market Analysis
3 Independent Demand Systems: Deterministic Models
4 Discrete Demand Systems: Deterministic Models
5 Independent Demand Systems: Probabilistic Models
6 Inventory System Changes and Limitations
7 Single Order Quantities
8 Dependent Demand Systems: Material Requirements Planning (MRP)
9 In-Process Inventory, Just-in-Time, and Theory of Constraints
10 Distribution Inventory Systems
11 Inventory Valuation and Measurement
12 Simulation
13 Aggregate Inventory Control