Online Resource
Emerald
;
1986
In:
International Journal of Operations & Production Management Vol. 6, No. 1 ( 1986-1-1), p. 5-14
In:
International Journal of Operations & Production Management, Emerald, Vol. 6, No. 1 ( 1986-1-1), p. 5-14
Abstract:
The purchasing function is growing in importance in today's industrial economy. In many purchasing situations there are a number of conflicting considerations that influence the final purchasing decision. The professional purchasing person must make profitable buying decisions under these circumstances. The single item purchase lot sizing literature in the past has served as the foundation for developing and studying the requirements planning based models and techniques. The purchasing manager's methods for making quantity (lot size) decisions are examined. Significant literature on the subject is classified and a taxonomy provided. Variations within the purchase lot sizing literature are discussed. Purchase lot sizing literature has important limitations by focusing exclusively on lot sizing as the relevant criterion for making economic order size decisions. A logical extension would be to include, the economic performance of alternative lot size procedures in a capacitated Materials Requirement Planning (MRP) environment. Another extension should consider the economics of jointly ordering from one vendor.
Type of Medium:
Online Resource
ISSN:
0144-3577
Language:
English
Publisher:
Emerald
Publication Date:
1986
detail.hit.zdb_id:
762449-9
detail.hit.zdb_id:
2032083-8
SSG:
3,2
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