A decision support system for inventory management in high research & development environment

Inventory management is being discussed recently as one of the key elements for survival and success in the production industry today. Little efforts were made to solve inventory problems in the Hi R&D environment.

In this paper, a prototype of a Microcomputer Based Decision Support is introduced to support decisions for managing Hi R&D inventories. The decisions involve timing and scheduling of purchased components, as well as classification of those items.