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Inventory Management

  • Jim Dewhurst
  • Paul Burns
Chapter
Part of the Macmillan Small Business Series book series

Abstract

The importance of proper inventory management hardly needs underlining. Too much inventory means too much money tied up in stock: money earning nothing for the business. This excess can be due to the retention of obsolete stocks; more likely it will be due to too high a level of the normal items currently being produced and sold. Too low a level of inventory brings its own problems. If stock is not available when ordered by a customer the trading relationship is in jeopardy and further sales may be lost. It follows that finding and maintaining the right level is a matter that demands attention.

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Select Bibliography

  1. Colin Barrow and Paul Burns, The Small Business Programme: Stock Control, Open University, 1989.Google Scholar
  2. Terry Hill, Small Business: Production/Operations Management, Macmillan, 1987.Google Scholar

Copyright information

© Jim Dewhurst and Paul Burns 1993

Authors and Affiliations

  • Jim Dewhurst
  • Paul Burns

There are no affiliations available

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