What is inventory?
The term inventory, or in other words stock,is understood as merchandise or goods stored for a use in [Cox and Blackstone 2005]: production – raw materials, in-process products, work in progress, activities supporting MRO (Maintenance Repair and Operating supplies) – spare parts for machines, consumables and maintenance materials, satisfying customer needs (products and final goods). […]
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Most often several dozen percent of products stored in warehouses are characterized by sales with an exponential distribution of probability or a distribution close to that of exponential. This text presents the results of the empirical research in this area, supported by the presentation of demand distributions for selected products. The results of inventory analysis […]
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