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Order Quantities

  • John W. Toomey
Part of the Materials Management / Logistics Series book series (MMLS, volume 12)

Abstract

In the past, large lot sizes tended to be viewed favorably under most circumstances. This was due to the heavy emphasis on “economy of scale”, a phenomenon where larger volumes reduce the unit cost due to distributing fixed costs over larger quantities. This approach was erroneous if the demand of the item was not considered. Large lot sizes go well with high levels of demand.

Keywords

Order Quantity Safety Stock Economic Order Quantity Class Part Material Requirement Planning 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Bibliography

  1. Fogarty, D. W., Blackstone, J. H. Jr., and Hoffman, T. R., Production and Inventory Management. Cincinnati, O: South Western Publishing, 1991Google Scholar
  2. Orlicky, J., Material Requirements Planning. New York: McGraw Hill, 1975Google Scholar
  3. St. John, R.E., Inventory Management Certification Review Course. Falls Church, VA: American Production and Inventory Control Society Inc., 1994Google Scholar
  4. Toomey, J. W., MRPII: Planning for Manufacturing Excellence. New York, NY: Chapman and Hall, 1996Google Scholar

Copyright information

© Springer Science+Business Media New York 2000

Authors and Affiliations

  • John W. Toomey

There are no affiliations available

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