In Inventory Control and Management, Donald Waters tackles the widespread challenge of balancing the costs of holding stock with the need for efficient material flow. This second edition, published in 2003 by John Wiley & Sons Inc, brings fresh insights into modern inventory practice, highlighting the increasing role of e-commerce and the shift from traditional economic order quantity models to systems driven by dependent demand. Waters situates inventory management within its broader context, addressing current trends and the pressures that drive change in supply chain operations. The book maintains a practical focus by illustrating key quantitative ideas with accessible calculations and spreadsheet examples, all while keeping complex mathematics to a minimum. Designed for students, practitioners, and professionals in management, operations, and production planning, this resource offers a comprehensive evaluation of various inventory strategies, making it an essential guide for anyone looking to understand and improve inventory control practices.
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