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A Partial Make To Order Production Inventory Strategy For Industrial Manufacturers
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Author :Stuart Alexander Carr Publisher :Ann Arbor, Mich. : University Microfilms International ISBN 13 : Total Pages :308 pages Book Rating :4.E/5 ( download)
Book Synopsis A Partial Make-to-order Production-inventory Strategy for Industrial Manufacturers by : Stuart Alexander Carr
Download or read book A Partial Make-to-order Production-inventory Strategy for Industrial Manufacturers written by Stuart Alexander Carr and published by Ann Arbor, Mich. : University Microfilms International. This book was released on 1995 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Raw Material Inventory Strategy for Make-to-order Manufacturing by : Vikash Chandra (M. Eng.)
Download or read book Raw Material Inventory Strategy for Make-to-order Manufacturing written by Vikash Chandra (M. Eng.) and published by . This book was released on 2016 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is the appropriate raw material inventory strategy for a make-to-order manufacturing company? As companies grow in size and the business environment changes over time, many companies adapt their operating policies to remain competitive. However, some policies, such as raw material inventory policies, are left untouched as "legacies" of the company's past due to lower priorities or lack of adequate data. These raw material inventory policies are of particular importance to manufacturing firms, especially those that often operate at maximum capacity or have seasonality in demand. This research proposes a raw material inventory policy evaluation tool that allows a company to understand how certain key performance indicators are affected by various changes in its inventory policy and helps the company devise a strategy. This evaluation tool can then guide the company towards a better inventory policy in the absence of cost information and shows the results in terms of number of events. The company can then adjust various replenishment policies depending on the product's demand characteristics. In addition, the research demonstrates that inventory policy changes can be used to partially overcome supplier service level declines and demand variability.
Book Synopsis A Multi-Level Production-Inventory-Distribution System Under Mixed Make to Stock, Make to Order, and Vendor Managed Inventory Strategies by : Elaheh Ghasemi
Download or read book A Multi-Level Production-Inventory-Distribution System Under Mixed Make to Stock, Make to Order, and Vendor Managed Inventory Strategies written by Elaheh Ghasemi and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In today's competitive environment, most companies tend to adopt a hybrid manufacturing strategy to provide more reliable services to a wide range of customers. Based on a real-world case study, we investigate a production-inventory-distribution system of a company in a complex supply chain. In such a system, the company manage production, inventory, and transportation decisions, where different products are produced at mills or stored at external warehouses are shipped to customers using multiple modes of transportation. At a tactical planning level, the company wants to know which production strategies, including make to stock (MTS), make to order (MTO) or vendor managed inventory (VMI) strategy, should be chosen for each customer and then how to coordinate the production, inventory, and distribution activities according to the strategy assigned to the customers. Moreover, the objective is not only to optimize its cost, but also satisfy the VMI customers on time and keep the target service level for MTO customers. The company can also control the purchase acceptance rate for MTS customers to better use the capacity. We develop a rolling horizon planning approach to deal with the dynamics of customers' demands under different forecasting scenarios. To check the validity and efficacy of the developed model, we perform numerical experiment under both static and rolling horizon based on adapted data from a real-world application from the pulp and paper industry in Canada. We also highlight some insights into the impact of various problem parameters on the tactical and operational decisions that can be considered for practical implementation.
Book Synopsis Integrated Production and Inventory Management by : Thomas E. Vollmann
Download or read book Integrated Production and Inventory Management written by Thomas E. Vollmann and published by McGraw-Hill Professional Publishing. This book was released on 1993 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt: Manufacturers who want to improve their competitive positions continually seek ways to leverage their manufacturing assets--particularly by integrating manufacturing planning and control systems with business functions and market requirements. This enables organizations to identify customer needs and respond with prompt, effective service. Integrated Production and Inventory Management is a practical, results-oriented resource that can help your organization achieve sound inventory management. The book's state-of-the-art concepts and proven inventory and production control approaches help you better understand how production and inventory management decisions can successfully support other enterprise objectives. Each central theme--master planning, inventory management, capacity management, material requirements planning, and just-in-time--reflects the latest manufacturing strategies and gives you practical methods for improving performance in the manufacturing process. You'll discover the most effective ways to build customer service using the latest inventory-monitoring procedures, reduce overhead costs--and refocus overhead activity to achieve competitive excellence, and enhance the coordination of distribution operations. Integrated Production and Inventory Management is a course book for the Certification in Integrated Resource Management (CIRM) certificate program offered to 80,000 members of the American Production and Inventory Control Society (APICS) and to other manufacturing professionals. By examining innovative processes and integrative approaches, however, this book is essential for anyone interested in revitalizing their manufacturing processes for success.
Book Synopsis World Class Production and Inventory Management by : Darryl V. Landvater
Download or read book World Class Production and Inventory Management written by Darryl V. Landvater and published by John Wiley & Sons. This book was released on 1997-07-31 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: The definitive guide to the latest tools & techniques forachieving performance excellence in manufacturing, distribution,and planning Now completely revised and expanded, World ClassProduction and Inventory Management presents the latest informationon the unique tools and techniques needed to manage the planningand production of a manufacturing enterprise. Including acompletely new chapter on Efficient Consumer Response (ECR),updated case studies, and additional information on manufacturingintegration, this comprehensive reference includes: * Step-by-step implementation techniques in each key area ofproduction and inventory management * Fresh perspectives on manufacturing integration and multipledemand stream management * Best-in-class examples from companies such as AbbottLaboratories, Boeing, and Martin Marietta * Proven guidelines for avoiding the most common problems and forachieving continually higher levels of performance * Self-assessment questions helpful in measuring the performance ofyour company in each operating area Comprehensive and accessible, World Class Production and InventoryManagement is an invaluable resource for APICS members seeking CPIMcertification, as well as for all those in charge of managing asuccessful manufacturing enterprise.
Book Synopsis Inventory Management in Make-to-stock Production by : Carla Colomer Rosell
Download or read book Inventory Management in Make-to-stock Production written by Carla Colomer Rosell and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This thesis includes the analysis of the existing theoretical knowledge in inventory planning from a lot sizing model approach and aims to identify the most suitable order generation method in the Make-To-Stock production of an electronic assembly company with production site located in Estonia. Inventory management is a key issue in the whole manufacturing process and in particular in the setting of the manufacturing lot sizes. Great emphasis should be placed on the optimization of the costs and on the search of the appropiate production orders. In production planning and control, models are needed to set the basis of a given service; at what times and in what lot size should be produced different products on one machine. The aim is not only to formulate a feasible production plan, but also to identify based on a cost evaluation, the best possible production plan. For this purpose, the cost manufacturing, warehousing and setup costs are taken into account. The optimal lot sizing model will be chosen according to the conditions of the concerned enterprise production system. Thus, regarding the current system, an optimal proposal will be made attempting to fit in the already established planning process. Moreover, in order to test the suitability of the chosen lot sizing model, some cost calculations will take place. When it comes to achieve better results and stand out at the top of the competitive field there is a need of a continuous improvement attitude. Only by broadening the approach, will a company be capable of keeping the pace with an incessant world.
Book Synopsis Computationally Efficient Models for Capacitated Multi-echelon Production-distribution Systems by : James Anton Rappold
Download or read book Computationally Efficient Models for Capacitated Multi-echelon Production-distribution Systems written by James Anton Rappold and published by . This book was released on 1997 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Production Planning and Inventory Control by : John F. Magee
Download or read book Production Planning and Inventory Control written by John F. Magee and published by . This book was released on 1967 with total page 426 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Manufacturing Strategy by : Terry Hill
Download or read book Manufacturing Strategy written by Terry Hill and published by . This book was released on 2000 with total page 569 pages. Available in PDF, EPUB and Kindle. Book excerpt: In many industrial companies, strategic developments are predominantly based on corporate marketing decisions with manufacturing being forced to react to these at the back end of the process. In Manufacturing Strategy, Terry Hill sets out to show how decisions over manufacturing should form part of the strategic direction of the company as a whole. Based on the first edition, the book has been updated with new material and new case studies including the service elements of manufacturing that reflect the author's ongoing programme of consultancy and research in this field.
Book Synopsis Hybrid Make-to-Stock, Make-to-Order (MTS-MTO) Production Optimization and Predictive Manufacturing Plan by : Andrew Joseph Thoma
Download or read book Hybrid Make-to-Stock, Make-to-Order (MTS-MTO) Production Optimization and Predictive Manufacturing Plan written by Andrew Joseph Thoma and published by . This book was released on 2016 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt: The rapid growth of the Print on Demand (POD) business has necessitated a capacity expansion plan that spans the next five years. After analyzing sales data it was determined that more titles are selling in larger quantities. For these titles, the current make-to-order model does not represent the optimal manufacturing and fulfillment strategy. This preliminary insight led to the realization that an inventory model that uses demand forecasts and a cost analysis for each title should be used to determine the optimal ordering quantity for qualifying titles, in an initiative called high volume pre-builds. Additionally, an initiative called predictive manufacturing should be used concurrently to provide customer experience improvements to titles that sell in large quantities but do not qualify for high volume pre-builds. The development of a hybrid make-to-stock, make-to-order (MTS-MTO) production optimization model will lead to pre-building between 1.1M and 2.1M retail units per year, but could be scaled upward. Pre-building allows for cost savings through economies of scale in manufacturing and through transportation savings based on inventory placement and network topology. An additional 300K+ annual retail titles will be eligible for predictive manufacturing, which will also benefit from transportation savings. The customer experience improvements alone would make these initiatives worth pursuing even if they were NPV neutral or slightly negative. However, they are a clear win when also considering overall integration and cost savings. These initiatives will drive a lower cost structure for book manufacturing that benefits all stakeholders (Amazon, authors, and customers), which will lead to the continued, rapid growth of POD.
Book Synopsis Make-To-Order Vs. Make-To-Stock: The Role of Inventory in Delivery-Time Competition by : Lode Li
Download or read book Make-To-Order Vs. Make-To-Stock: The Role of Inventory in Delivery-Time Competition written by Lode Li and published by Palala Press. This book was released on 2018-03-02 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Book Synopsis Production and Inventory Management in the Computer Age by : Oliver W. Wight
Download or read book Production and Inventory Management in the Computer Age written by Oliver W. Wight and published by . This book was released on 1974 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is written for people in manufacturing management who recognize that they need to know what computer-based production and inventory management systems can do for them. It does not deal with computers or computer programs per se. But just as a book about travel today could not ignore the airlines or their influence on travel, it is about production and inventory management today, when computers are widely available. This book was also designed to be used for college-level education. It can be used as the text for a short course in production and inventory management or as a supplementary text for a mnufacturing or computer systems course of broader scope. - Preface.
Book Synopsis Analytical Study of Production Inventory in a Manufacturing Industry by : Uchendu Onwurah
Download or read book Analytical Study of Production Inventory in a Manufacturing Industry written by Uchendu Onwurah and published by . This book was released on 2015-10-10 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Manufacturing Inventory and Supply Analysis by : Sanjay Sharma
Download or read book Manufacturing Inventory and Supply Analysis written by Sanjay Sharma and published by CRC Press. This book was released on 2021-10-18 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: This reference text discusses models and analyzes cases that are useful for material requirements planning (MRP), just-in-time (JIT) environments and supply chain environments, as well as traditional production-inventory systems. It covers important concepts, including production-inventory systems, optimal purchase quantity, optimal production quantity, instantaneous procurement, multiple input items, sensitivity analysis, multiproduct manufacturing, determination of optimum cycle time, fractional backlogging, and incorporating input item procurement and flexibility in the production rate. Aimed at senior undergraduate and graduate students, and professionals in the field of industrial engineering, production engineering and manufacturing science, this text: Provides detailed models/analysis pertaining to various cases which are useful for material requirements planning and supply chain environments Elaborates manufacturing rate flexibility, demand variation and production rate variation Discusses the multi-item manufacturing environment and presents models with backorders, as well as fractional backlogging Analyzes flexible production rates, along with upward and downward variations
Book Synopsis Dissertation Abstracts International by :
Download or read book Dissertation Abstracts International written by and published by . This book was released on 2007 with total page 960 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Supply Chain Scheduling by : Zhi-Long Chen
Download or read book Supply Chain Scheduling written by Zhi-Long Chen and published by Springer Nature. This book was released on 2022-02-07 with total page 699 pages. Available in PDF, EPUB and Kindle. Book excerpt: Supply chain scheduling is a relatively new research area with less than 20 years of history. It is an intersection of two traditional areas: supply chain management and scheduling. In this book, the authors provide a comprehensive coverage of supply chain scheduling. The book covers applications, solution algorithms for solving related problems, evaluation of supply chain conflicts, and models for encouraging cooperation between decision makers. Supply chain scheduling studies detailed scheduling issues within supply chains, as motivated by a variety of applications in the real world. Topics covered by the book include: Coordinated decision making in centralized supply chains, including integrated production and distribution scheduling, joint scheduling and product pricing, and coordinated subcontracting and scheduling. Coordination and competition issues in decentralized supply chains, including conflict and cooperation within scheduling decisions made by different parties in supply chains, and both cooperative and non-cooperative supply chain scheduling games. The book describes a variety of representative problems within each of these topics. The authors define these problems mathematically, describe corresponding applications, and introduce solution methods for solving each problem to improve supply chain performance.
Book Synopsis Production and Inventory Control Handbook by : James Harnsberger Greene
Download or read book Production and Inventory Control Handbook written by James Harnsberger Greene and published by . This book was released on 1970 with total page 1112 pages. Available in PDF, EPUB and Kindle. Book excerpt:
