Williams, Karel; Williams, John; Haslam, Colin - In: International Journal of Operations & Production Management 9 (1989) 8, pp. 91-105
The case for stock reduction in manufacturing has been argued by engineers who emphasise the productive benefits …. Western management accounting does not provide an adequate indication of the costs of holding stock. This article constructs a … framework for identifying and measuring the financial benefits of stock reduction. Within this framework, the financial benefits …