Dynamic Pricing And Inventory Management Under Fluctuating Procurement Costs

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Flexible Budgeting Essentials

Author : Luna Z. Rainstorm
Publisher : Xspurts.com
ISBN 13 : 1776849566
Total Pages : 232 pages
Book Rating : 4.7/5 (768 download)

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Book Synopsis Flexible Budgeting Essentials by : Luna Z. Rainstorm

Download or read book Flexible Budgeting Essentials written by Luna Z. Rainstorm and published by Xspurts.com. This book was released on 2023 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The power of a flexible budget lies in its ability to adjust to life's unexpected events." Flexible Budgeting Essentials: A Route to Financial Success is the ultimate guide to mastering the art of flexible budgeting. This comprehensive book covers everything you need to know about flexible budgeting, from the basics to advanced applications in a variety of industries. The book begins with an overview of the essential concepts behind flexible budgeting, including what it is, why it's important, and the differences between fixed and flexible budgets. It then walks readers through the components of a flexible budget, including variable costs, fixed costs, and semi-variable costs. Readers will also learn how to create their own flexible budget, including how to estimate costs accurately and budget for different levels of activity. The book includes detailed guidance on how to analyze variances in a flexible budget and use them for decision-making. The book also covers advanced topics in flexible budgeting, such as integrating flexible budgeting with standard costing, using flexible budgeting for capital expenditures, and comparing zero-based budgeting with flexible budgeting. Readers will also learn about the role of technology in flexible budgeting, future trends in the field, and how to develop a flexible mindset. In addition to practical guidance, the book includes case studies that illustrate successful implementations of flexible budgeting in a variety of settings, including small businesses, corporate environments, non-profit organizations, and public sector agencies. Flexible Budgeting Essentials also covers important ethical and psychological considerations in budgeting, such as promoting transparency and accountability, coping with change, and encouraging a culture of adaptability and innovation. Whether you are a finance student, a professional analyst, an entrepreneur, or simply someone interested in improving your financial skills, Flexible Budgeting Essentials is the perfect guide to getting started with flexible budgeting. With clear explanations, real-world examples, and practical tools and techniques, this book will help you take your budgeting to the next level and achieve financial success.Table of Contents: Understanding Flexible Budgeting What is a Flexible Budget? The Importance of Flexibility in Budgeting Fixed Budget vs. Flexible Budget The Components of a Flexible Budget Variable Costs Fixed Costs Semi-variable Costs Creating a Flexible Budget Step-by-Step Guide to Building a Flexible Budget Budgeting for Different Levels of Activity Estimating Costs Accurately Flexible Budget Variances Understanding Variances Analyzing Variances in a Flexible Budget Using Variances for Decision Making Flexible Budgets and Performance Evaluation Role of a Flexible Budget in Performance Measurement Advantages of Using Flexible Budgets for Performance Evaluation Potential Pitfalls and Solutions Flexible Budgets in Different Industries Manufacturing Industry Service Industry Retail Industry Case Studies: Flexible Budgeting in Practice Small Business Scenario Corporate Scenario Non-profit Organization Scenario Advanced Topics in Flexible Budgeting Integrating Flexible Budgeting with Standard Costing Flexible Budgeting for Capital Expenditures Zero-Based Budgeting vs. Flexible Budgeting The Role of Technology in Flexible Budgeting Using Spreadsheet Software for Flexible Budgeting Advanced Budgeting Software Options The Impact of Automation on Budgeting Future Trends in Flexible Budgeting The Increasing Importance of Agility in Budgeting The Role of Big Data and Analytics in Budgeting The Impact of Economic Changes on Flexible Budgeting Final Thoughts: Developing a Flexible Mindset The Benefits of a Flexible Approach to Budgeting The Link Between Flexible Budgeting and Organizational Culture Ensuring Long-Term Success with Flexible Budgeting Overcoming Challenges in Flexible Budgeting Identifying Common Budgeting Mistakes How to Mitigate Risks in Flexible Budgeting Navigating Uncertainties in Revenue and Costs Flexible Budgeting for Personal Finances Adapting Flexible Budgeting for Personal Use Managing Personal Expenses with a Flexible Budget Savings and Investments: A Flexible Approach Flexible Budgeting for Entrepreneurs Importance of Flexible Budgeting for Start-ups Case Study: A Start-up's Success with Flexible Budgeting Tips for Entrepreneurs: Staying Flexible with Limited Resources Flexible Budgeting in the Public Sector Challenges of Budgeting in Public Sector Organizations The Role of Flexible Budgeting in Public Finance Management Case Study: Successful Implementation of a Flexible Budget in a Public Agency Beyond Budgeting: A Radical Alternative? Understanding the Beyond Budgeting Model Comparing Flexible Budgeting with Beyond Budgeting Evaluating the Applicability of Beyond Budgeting Implementing a Flexible Budgeting System The Role of Leadership in Budgeting Process Change Training and Development for Effective Flexible Budgeting Measuring the Success of Your Flexible Budget Implementation The Ethics of Flexible Budgeting Understanding Ethical Considerations in Budgeting Promoting Transparency and Accountability in Flexible Budgeting Ethical Dilemmas in Budget Variance Analysis and Management The Psychological Aspects of Flexible Budgeting The Impact of Flexible Budgeting on Employee Motivation Coping with Change: Psychological Factors in Budgeting Flexibility Encouraging a Culture of Adaptability and Innovation Mastering the Art of Flexible Budgeting: Key Takeaways Lessons Learned from Successful Flexible Budget Implementations Key Skills for Effective Flexible Budgeting The Future of Budgeting: Staying Flexible in a Changing WorldISBN: 9781776849567

Optimization and Inventory Management

Author : Nita H. Shah
Publisher : Springer Nature
ISBN 13 : 9811396981
Total Pages : 466 pages
Book Rating : 4.8/5 (113 download)

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Book Synopsis Optimization and Inventory Management by : Nita H. Shah

Download or read book Optimization and Inventory Management written by Nita H. Shah and published by Springer Nature. This book was released on 2019-08-31 with total page 466 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book discusses inventory models for determining optimal ordering policies using various optimization techniques, genetic algorithms, and data mining concepts. It also provides sensitivity analyses for the models’ robustness. It presents a collection of mathematical models that deal with real industry scenarios. All mathematical model solutions are provided with the help of various optimization techniques to determine optimal ordering policy. The book offers a range of perspectives on the implementation of optimization techniques, inflation, trade credit financing, fuzzy systems, human error, learning in production, inspection, green supply chains, closed supply chains, reworks, game theory approaches, genetic algorithms, and data mining, as well as research on big data applications for inventory management and control. Starting from deterministic inventory models, the book moves towards advanced inventory models. The content is divided into eight major sections: inventory control and management – inventory models with trade credit financing for imperfect quality items; environmental impact on ordering policies; impact of learning on the supply chain models; EOQ models considering warehousing; optimal ordering policies with data mining and PSO techniques; supply chain models in fuzzy environments; optimal production models for multi-items and multi-retailers; and a marketing model to understand buying behaviour. Given its scope, the book offers a valuable resource for practitioners, instructors, students and researchers alike. It also offers essential insights to help retailers/managers improve business functions and make more accurate and realistic decisions.

Demand Prediction in Retail

Author : Maxime C. Cohen
Publisher : Springer Nature
ISBN 13 : 3030858553
Total Pages : 166 pages
Book Rating : 4.0/5 (38 download)

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Book Synopsis Demand Prediction in Retail by : Maxime C. Cohen

Download or read book Demand Prediction in Retail written by Maxime C. Cohen and published by Springer Nature. This book was released on 2022-01-01 with total page 166 pages. Available in PDF, EPUB and Kindle. Book excerpt: From data collection to evaluation and visualization of prediction results, this book provides a comprehensive overview of the process of predicting demand for retailers. Each step is illustrated with the relevant code and implementation details to demystify how historical data can be leveraged to predict future demand. The tools and methods presented can be applied to most retail settings, both online and brick-and-mortar, such as fashion, electronics, groceries, and furniture. This book is intended to help students in business analytics and data scientists better master how to leverage data for predicting demand in retail applications. It can also be used as a guide for supply chain practitioners who are interested in predicting demand. It enables readers to understand how to leverage data to predict future demand, how to clean and pre-process the data to make it suitable for predictive analytics, what the common caveats are in terms of implementation and how to assess prediction accuracy.

Developments in Operational Research

Author : R. W. Eglese
Publisher : Elsevier
ISBN 13 : 1483161684
Total Pages : 119 pages
Book Rating : 4.4/5 (831 download)

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Book Synopsis Developments in Operational Research by : R. W. Eglese

Download or read book Developments in Operational Research written by R. W. Eglese and published by Elsevier. This book was released on 2014-05-23 with total page 119 pages. Available in PDF, EPUB and Kindle. Book excerpt: Developments in Operational Research reviews developments in operational research (OR) and includes numerical examples to illustrate techniques and applications. Topics covered include some of the most widely used OR ""techniques"", such as mathematical programming and simulation, together with the contribution of OR methodology to specific application areas, such as capital investment appraisal and purchasing. This book is comprised of seven chapters and begins with an introduction to the state of mathematical programming systems, along with the relevance of other optimization algorithms to OR and techniques for handling certain types of nonlinearity. The discussion then turns to network optimization techniques and their applications for the New Zealand Justice Department as well as for the wheat and dairy industries. The following chapters focus on computer simulation as applied in OR, with emphasis on various approaches to discrete event modeling; application of OR to industrial maintenance and replacement; financial appraisal methods, including discounting methods; and the use of Bayesian decision analysis to decision making. This text concludes by looking at the purchasing function and the limitations of classical stock control theory in practice. Models and procedures are developed to cope with real situations. Materials requirements planning, quantity discounts, price inflation, commodity purchasing decisions, and blending problems are considered. This monograph will be of interest to planners, decision makers, and others involved in operations research.

Dynamic Allocation and Pricing

Author : Alex Gershkov
Publisher : MIT Press
ISBN 13 : 0262028409
Total Pages : 209 pages
Book Rating : 4.2/5 (62 download)

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Book Synopsis Dynamic Allocation and Pricing by : Alex Gershkov

Download or read book Dynamic Allocation and Pricing written by Alex Gershkov and published by MIT Press. This book was released on 2014-12-12 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: A new approach to dynamic allocation and pricing that blends dynamic paradigms from the operations research and management science literature with classical mechanism design methods. Dynamic allocation and pricing problems occur in numerous frameworks, including the pricing of seasonal goods in retail, the allocation of a fixed inventory in a given period of time, and the assignment of personnel to incoming tasks. Although most of these problems deal with issues treated in the mechanism design literature, the modern revenue management (RM) literature focuses instead on analyzing properties of restricted classes of allocation and pricing schemes. In this book, Alex Gershkov and Benny Moldovanu propose an approach to optimal allocations and prices based on the theory of mechanism design, adapted to dynamic settings. Drawing on their own recent work on the topic, the authors describe a modern theory of RM that blends the elegant dynamic models from the operations research (OR), management science, and computer science literatures with techniques from the classical mechanism design literature. Illustrating this blending of approaches, they start with well-known complete information, nonstrategic dynamic models that yield elegant explicit solutions. They then add strategic agents that are privately informed and then examine the consequences of these changes on the optimization problem of the designer. Their sequential modeling of both nonstrategic and strategic logic allows a clear picture of the delicate interplay between dynamic trade-offs and strategic incentives. Topics include the sequential assignment of heterogeneous objects, dynamic revenue optimization with heterogeneous objects, revenue maximization in the stochastic and dynamic knapsack model, the interaction between learning about demand and dynamic efficiency, and dynamic models with long-lived, strategic agents.

INFORMS Annual Meeting

Author : Institute for Operations Research and the Management Sciences. National Meeting
Publisher :
ISBN 13 :
Total Pages : 644 pages
Book Rating : 4.E/5 ( download)

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Book Synopsis INFORMS Annual Meeting by : Institute for Operations Research and the Management Sciences. National Meeting

Download or read book INFORMS Annual Meeting written by Institute for Operations Research and the Management Sciences. National Meeting and published by . This book was released on 2009 with total page 644 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Commodity Procurement with Operational and Financial Instruments

Author : Jan Arnold
Publisher : Springer Science & Business Media
ISBN 13 : 3834986542
Total Pages : 159 pages
Book Rating : 4.8/5 (349 download)

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Book Synopsis Commodity Procurement with Operational and Financial Instruments by : Jan Arnold

Download or read book Commodity Procurement with Operational and Financial Instruments written by Jan Arnold and published by Springer Science & Business Media. This book was released on 2010-05-10 with total page 159 pages. Available in PDF, EPUB and Kindle. Book excerpt: Jan Arnold integrates financial and operational aspects into a holistic approach to commodity procurement. He shows how to combine operational strategies considering just-in-time procurement, inventory holding and backlogging with financial strategies considering derivative instruments into an optimal procurement plan under volatile procurement prices.

Manufacturing & Service Operations Management

Author :
Publisher :
ISBN 13 :
Total Pages : 396 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Manufacturing & Service Operations Management by :

Download or read book Manufacturing & Service Operations Management written by and published by . This book was released on 2002 with total page 396 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Innovative Quick Response Programs in Logistics and Supply Chain Management

Author : T. C. Edwin Cheng
Publisher : Springer Science & Business Media
ISBN 13 : 3642043135
Total Pages : 470 pages
Book Rating : 4.6/5 (42 download)

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Book Synopsis Innovative Quick Response Programs in Logistics and Supply Chain Management by : T. C. Edwin Cheng

Download or read book Innovative Quick Response Programs in Logistics and Supply Chain Management written by T. C. Edwin Cheng and published by Springer Science & Business Media. This book was released on 2010-03-11 with total page 470 pages. Available in PDF, EPUB and Kindle. Book excerpt: Quick Response (QR) policy is a market-driven business strategy in which supply chain members work together to react quickly to volatile market demand. Nowadays, with advances in information technologies (such as RFID and ERP systems), new challenges and opportunities arise for the application of QR. This handbook explores QR extensively with a view to discovering innovative QR measures that can help tackle the observed and emerging challenges. The book is organized into four parts, which include chapters on analytical modeling and analyses, information technologies, cases, reviews, and applications. This handbook provides new analytical and empirical results with valuable insights, which will not only help supply chain agents to better understand the latest applications of QR in business, but also help practitioners and researchers to know how to improve the effectiveness of QR using innovative methods.

Problems & Solutions in Inventory Management

Author : Dinesh Shenoy
Publisher : Springer
ISBN 13 : 3319656961
Total Pages : 285 pages
Book Rating : 4.3/5 (196 download)

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Book Synopsis Problems & Solutions in Inventory Management by : Dinesh Shenoy

Download or read book Problems & Solutions in Inventory Management written by Dinesh Shenoy and published by Springer. This book was released on 2017-10-05 with total page 285 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents a compilation of over 200 numerical problems and solutions that students can use to learn, practice and master the Inventory Control and Management concepts. Intended as a companion to any of the standard textbooks in Inventory Control and Management and written in simple language, it illustrates very clearly the steps students need to follow in order to solve a given problem. It also explains which solution methodologies can be used under which circumstances. Offering an ideal one-stop resource for mid-level engineering and business students who have taken Inventory Management or a related subject as an elective, this book is the only one students will ever need to prepare and gain confidence for their examinations in this subject.

Inventory Optimization

Author : Nicolas Vandeput
Publisher : Walter de Gruyter GmbH & Co KG
ISBN 13 : 3110673991
Total Pages : 305 pages
Book Rating : 4.1/5 (16 download)

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Book Synopsis Inventory Optimization by : Nicolas Vandeput

Download or read book Inventory Optimization written by Nicolas Vandeput and published by Walter de Gruyter GmbH & Co KG. This book was released on 2020-08-24 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book . . . Nicolas Vandeput hacks his way through the maze of quantitative supply chain optimizations. This book illustrates how the quantitative optimization of 21st century supply chains should be crafted and executed. . . . Vandeput is at the forefront of a new and better way of doing supply chains, and thanks to a richly illustrated book, where every single situation gets its own illustrating code snippet, so could you. --Joannes Vermorel, CEO, Lokad Inventory Optimization argues that mathematical inventory models can only take us so far with supply chain management. In order to optimize inventory policies, we have to use probabilistic simulations. The book explains how to implement these models and simulations step-by-step, starting from simple deterministic ones to complex multi-echelon optimization. The first two parts of the book discuss classical mathematical models, their limitations and assumptions, and a quick but effective introduction to Python is provided. Part 3 contains more advanced models that will allow you to optimize your profits, estimate your lost sales and use advanced demand distributions. It also provides an explanation of how you can optimize a multi-echelon supply chain based on a simple—yet powerful—framework. Part 4 discusses inventory optimization thanks to simulations under custom discrete demand probability functions. Inventory managers, demand planners and academics interested in gaining cost-effective solutions will benefit from the "do-it-yourself" examples and Python programs included in each chapter. Events around the book Link to a De Gruyter Online Event in which the author Nicolas Vandeput together with Stefan de Kok, supply chain innovator and CEO of Wahupa; Koen Cobbaert, Director in the S&O Industry practice of PwC Belgium; Bram Desmet, professor of operations & supply chain at the Vlerick Business School in Ghent; and Karl-Eric Devaux, Planning Consultant, Hatmill, discuss about models for inventory optimization. The event will be moderated by Eric Wilson, Director of Thought Leadership for Institute of Business Forecasting (IBF): https://youtu.be/565fDQMJEEg

Supply Chain Management Under Fuzziness

Author : Cengiz Kahraman
Publisher : Springer
ISBN 13 : 3642539394
Total Pages : 671 pages
Book Rating : 4.6/5 (425 download)

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Book Synopsis Supply Chain Management Under Fuzziness by : Cengiz Kahraman

Download or read book Supply Chain Management Under Fuzziness written by Cengiz Kahraman and published by Springer. This book was released on 2014-02-15 with total page 671 pages. Available in PDF, EPUB and Kindle. Book excerpt: Supply Chain Management Under Fuzziness presents recently developed fuzzy models and techniques for supply chain management. These include: fuzzy PROMETHEE, fuzzy AHP, fuzzy ANP, fuzzy VIKOR, fuzzy DEMATEL, fuzzy clustering, fuzzy linear programming, and fuzzy inference systems. The book covers both practical applications and new developments concerning these methods. This book offers an excellent resource for researchers and practitioners in supply chain management and logistics, and will provide them with new suggestions and directions for future research. Moreover, it will support graduate students in their university courses, such as specialized courses on supply chains and logistics, as well as related courses in the fields of industrial engineering, engineering management and business administration.

Resilient Businesses for Sustainability

Author : Rajnish Kumar Misra
Publisher : Emerald Group Publishing
ISBN 13 : 1837978050
Total Pages : 182 pages
Book Rating : 4.8/5 (379 download)

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Book Synopsis Resilient Businesses for Sustainability by : Rajnish Kumar Misra

Download or read book Resilient Businesses for Sustainability written by Rajnish Kumar Misra and published by Emerald Group Publishing. This book was released on 2024-10-02 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt: This first volume provides invaluable insights into the strategies employed by organizations as they navigate the complexities of our time, including a focus on new technology and AI.

The Handbook of Logistics and Distribution Management

Author : Alan Rushton
Publisher : Kogan Page Publishers
ISBN 13 : 9780749433659
Total Pages : 612 pages
Book Rating : 4.4/5 (336 download)

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Book Synopsis The Handbook of Logistics and Distribution Management by : Alan Rushton

Download or read book The Handbook of Logistics and Distribution Management written by Alan Rushton and published by Kogan Page Publishers. This book was released on 2000 with total page 612 pages. Available in PDF, EPUB and Kindle. Book excerpt: Designed for students, young managers and seasoned practitioners alike, this handbook explains the nuts and bolts of the modern logistics and distribution world in plain language. Illustrated throughout, this second edition includes new chapters on areas previously not covered, such as: intermodal transport; benchmarking; environmental matters; and vehicle and depot security.

Inventory and Supply Chain Management with Forecast Updates

Author : Suresh P. Sethi
Publisher : Springer Science & Business Media
ISBN 13 : 0387256636
Total Pages : 302 pages
Book Rating : 4.3/5 (872 download)

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Book Synopsis Inventory and Supply Chain Management with Forecast Updates by : Suresh P. Sethi

Download or read book Inventory and Supply Chain Management with Forecast Updates written by Suresh P. Sethi and published by Springer Science & Business Media. This book was released on 2006-03-30 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt: Real problems are formulated into tractable mathematical models, which allow for an analysis of various approaches. Attention is focused on solutions. Provides a unified treatment of the models discussed , presents a critique of the existing results, and points out potential research directions.

Planning Production and Inventories in the Extended Enterprise

Author : Karl G. Kempf
Publisher : Springer Science & Business Media
ISBN 13 : 1441964851
Total Pages : 652 pages
Book Rating : 4.4/5 (419 download)

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Book Synopsis Planning Production and Inventories in the Extended Enterprise by : Karl G. Kempf

Download or read book Planning Production and Inventories in the Extended Enterprise written by Karl G. Kempf and published by Springer Science & Business Media. This book was released on 2011-01-12 with total page 652 pages. Available in PDF, EPUB and Kindle. Book excerpt: In two volumes, Planning Production and Inventories in the Extended Enterprise: A State of the Art Handbook examines production planning across the extended enterprise against a backdrop of important gaps between theory and practice. The early chapters describe the multifaceted nature of production planning problems and reveal many of the core complexities. The middle chapters describe recent research on theoretical techniques to manage these complexities. Accounts of production planning system currently in use in various industries are included in the later chapters. Throughout the two volumes there are suggestions on promising directions for future work focused on closing the gaps.

Global Supply Chain and Operations Management

Author : Dmitry Ivanov
Publisher : Springer Nature
ISBN 13 : 3030723313
Total Pages : 673 pages
Book Rating : 4.0/5 (37 download)

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Book Synopsis Global Supply Chain and Operations Management by : Dmitry Ivanov

Download or read book Global Supply Chain and Operations Management written by Dmitry Ivanov and published by Springer Nature. This book was released on 2021-11-19 with total page 673 pages. Available in PDF, EPUB and Kindle. Book excerpt: The third edition of this textbook comprehensively discusses global supply chain and operations management (SCOM), combining value creation networks and interacting processes. It focuses on operational roles within networks and presents the quantitative and organizational methods needed to plan and control the material, information, and financial flows in supply chains. Each chapter begins with an introductory case study, while numerous examples from various industries and services help to illustrate the key concepts. The book explains how to design operations and supply networks and how to incorporate suppliers and customers. It examines how to balance supply and demand, a core aspect of tactical planning, before turning to the allocation of resources to meet customer needs. In addition, the book presents state-of-the-art research reflecting the lessons learned from the COVID-19 pandemic, and emerging, fast-paced developments in the digitalization of supply chain and operations management. Providing readers with a working knowledge of global supply chain and operations management, with a focus on bridging the gap between theory and practice, this textbook can be used in core, specialized, and advanced classes alike. It is intended for a broad range of students and professionals in supply chain and operations management.