How CAN INVENTORY BE CONTROLLED?
The models we have described, even the ones which take a probabilistic view demand and lead time, are still simplified compared with the complexity of stock Coping with many thousands of stocked items, supplied by many hundreds of different suppliers,
with possibly tens of thousands of individual customers, makes and dynamic for a complex operations task. In order to control such complexity, operations managers have to do two things. First, they have to discriminate between different stocked items, so that they can apply a degree of control to each item which is appropriate to its importance. second, they need to invest in an information processing system which can cope with their particular set of inventory control circumstances