A Procedure for Planning Production and Determination of Inventory
Syed Khaja Kaleemuddin · Open PRAIRIE (South Dakota State University) · 1966
At one time excess inventories were considered advantageous, but today they are regarded as the major cause of business failures. Most often, inventories deal the severest blow to the new entrepreneur because he cannot afford to have capital tied up in inventory during a seasonal slump. One of the factors that has aggravated the problem of inventories has been the trend towards product diversification in the past 25 years. Management of inventories is recognized today as one of the key responsibilities in achieving continuous and economical plant operation. Inventory dollars are no longer regarded as a drain on working capital; they are a factor to be used and administered with skill and intelligence. (see more in text)