Inventory Management

  • Timm Gudehus
  • Herbert Kotzab


Stocks are necessary to balance temporal deviations between demand and supply and between consumption and production. Buffer stocks enable high utilization by decoupling stations with deviating production and consumption rates. Safety stocks ensure availability when demand varies stochastically and when production or supply are temporarily interrupted or delayed. Supply costs are minimal if the right quantities of the right articles are stored at the right stages of the supply network. The productivity can be improved by production on stock.


Order Quantity Cost Rate Load Unit Safety Stock Economic Order Quantity 
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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Copyright information

© Springer-Verlag Berlin Heidelberg 2012

Authors and Affiliations

  1. 1.HamburgGermany
  2. 2.University of BremenBremenGermany

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