Inventory Management Foundations

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Foundations of Inventory Management

Author : Paul Zipkin
Publisher : McGraw-Hill/Irwin
ISBN 13 : 9780256113792
Total Pages : 0 pages
Book Rating : 4.1/5 (137 download)

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Book Synopsis Foundations of Inventory Management by : Paul Zipkin

Download or read book Foundations of Inventory Management written by Paul Zipkin and published by McGraw-Hill/Irwin. This book was released on 2000-01-24 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Foundations of Inventory Management presents a complete treatment of inventory theory and models for use in advanced undergraduate, masters, or PhD courses in Operations research, manufacturing management or Operations management. Coverage is organized into an introductory section, followed by a section focused on predictable supply and demand, and the third section covering stochastic inventory models. Many recent developments related to or impacting inventory such as ERP systems, supply chain management, JIT, and ERP systems are integrated within the text. The text presents inventory as a critical topic for virtually all businesses today and one in which theory and practice are closely linked. Prequisite coursework for students of this text would include basic optimization theory, stochastic processes, and dynamic programming. The text includes examples as well as rigorous assignment problem sets.

Foundations of Stochastic Inventory Theory

Author : Evan L. Porteus
Publisher : Stanford University Press
ISBN 13 : 9780804743990
Total Pages : 330 pages
Book Rating : 4.7/5 (439 download)

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Book Synopsis Foundations of Stochastic Inventory Theory by : Evan L. Porteus

Download or read book Foundations of Stochastic Inventory Theory written by Evan L. Porteus and published by Stanford University Press. This book was released on 2002 with total page 330 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book has a dual purpose?serving as an advanced textbook designed to prepare doctoral students to do research on the mathematical foundations of inventory theory, and as a reference work for those already engaged in such research. All chapters conclude with exercises that either solidify or extend the concepts introduced.

Inventory Analytics

Author : Roberto Rossi
Publisher : Open Book Publishers
ISBN 13 : 180064177X
Total Pages : 184 pages
Book Rating : 4.8/5 (6 download)

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Book Synopsis Inventory Analytics by : Roberto Rossi

Download or read book Inventory Analytics written by Roberto Rossi and published by Open Book Publishers. This book was released on 2021-05-24 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inventory Analytics provides a comprehensive and accessible introduction to the theory and practice of inventory control – a significant research area central to supply chain planning. The book outlines the foundations of inventory systems and surveys prescriptive analytics models for deterministic inventory control. It further discusses predictive analytics techniques for demand forecasting in inventory control and also examines prescriptive analytics models for stochastic inventory control. Inventory Analytics is the first book of its kind to adopt a practicable, Python-driven approach to illustrating theories and concepts via computational examples, with each model covered in the book accompanied by its Python code. Originating as a collection of self-contained lectures, Inventory Analytics will be an indispensable resource for practitioners, researchers, teachers, and students alike.

Fundamentals of Supply Chain Theory

Author : Lawrence V. Snyder
Publisher : John Wiley & Sons
ISBN 13 : 1119024978
Total Pages : 1021 pages
Book Rating : 4.1/5 (19 download)

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Book Synopsis Fundamentals of Supply Chain Theory by : Lawrence V. Snyder

Download or read book Fundamentals of Supply Chain Theory written by Lawrence V. Snyder and published by John Wiley & Sons. This book was released on 2019-07-01 with total page 1021 pages. Available in PDF, EPUB and Kindle. Book excerpt: Comprehensively teaches the fundamentals of supply chain theory This book presents the methodology and foundations of supply chain management and also demonstrates how recent developments build upon classic models. The authors focus on strategic, tactical, and operational aspects of supply chain management and cover a broad range of topics from forecasting, inventory management, and facility location to transportation, process flexibility, and auctions. Key mathematical models for optimizing the design, operation, and evaluation of supply chains are presented as well as models currently emerging from the research frontier. Fundamentals of Supply Chain Theory, Second Edition contains new chapters on transportation (traveling salesman and vehicle routing problems), integrated supply chain models, and applications of supply chain theory. New sections have also been added throughout, on topics including machine learning models for forecasting, conic optimization for facility location, a multi-supplier model for supply uncertainty, and a game-theoretic analysis of auctions. The second edition also contains case studies for each chapter that illustrate the real-world implementation of the models presented. This edition also contains nearly 200 new homework problems, over 60 new worked examples, and over 140 new illustrative figures. Plentiful teaching supplements are available, including an Instructor’s Manual and PowerPoint slides, as well as MATLAB programming assignments that require students to code algorithms in an effort to provide a deeper understanding of the material. Ideal as a textbook for upper-undergraduate and graduate-level courses in supply chain management in engineering and business schools, Fundamentals of Supply Chain Theory, Second Edition will also appeal to anyone interested in quantitative approaches for studying supply chains.

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.

Inventory Control

Author : Sven Axsäter
Publisher : Springer
ISBN 13 : 3319157299
Total Pages : 271 pages
Book Rating : 4.3/5 (191 download)

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Book Synopsis Inventory Control by : Sven Axsäter

Download or read book Inventory Control written by Sven Axsäter and published by Springer. This book was released on 2015-07-06 with total page 271 pages. Available in PDF, EPUB and Kindle. Book excerpt: This third edition, which has been fully updated and now includes improved and extended explanations, is suitable as a core textbook as well as a source book for industry practitioners. It covers traditional approaches for forecasting, lot sizing, determination of safety stocks and reorder points, KANBAN policies and Material Requirements Planning. It also includes recent advances in inventory theory, for example, new techniques for multi-echelon inventory systems and Roundy's 98 percent approximation. The book also considers methods for coordinated replenishments of different items, and various practical issues in connection with industrial implementation. Other topics covered in Inventory Control include: alternative forecasting techniques, material on different stochastic demand processes and how they can be fitted to empirical data, generalized treatment of single-echelon periodic review systems, capacity constrained lot sizing, short sections on lateral transshipments and on remanufacturing, coordination and contracts. As noted, the explanations have been improved throughout the book and the text also includes problems, with solutions in an appendix.

The Definitive Guide to Inventory Management

Author : Matthew A. Waller
Publisher : Pearson Education
ISBN 13 : 0133448827
Total Pages : 208 pages
Book Rating : 4.1/5 (334 download)

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Book Synopsis The Definitive Guide to Inventory Management by : Matthew A. Waller

Download or read book The Definitive Guide to Inventory Management written by Matthew A. Waller and published by Pearson Education. This book was released on 2014 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inventory management is a critical component of supply chain management, addressing how much inventory should be carried across the supply chain, where to carry it, and how much safety stock is required to meet the organization's cost and customer service objectives. Now, there's an authoritative and comprehensive guide to best-practice inventory management in any organization. Authored by world-class experts in collaboration with the Council of Supply Chain Management Professionals (CSCMP), this text gives students and practitioners a thorough understanding of each leading approach to managing supply chain inventories, and the variables that drive decisions about inventory levels. It discusses the fundamental need for inventory, how product value affects inventory decisions, how to determine inventory levels, how the number of inventory locations affects inventory levels, and new approaches to reducing inventory. Coverage includes: Basic inventory management goals, roles, concepts, purposes, and terminology, including periodic inventory, perpetual inventory, safety stock, cycle count, ABC analysis, carrying and stockout costs, and more Key inventory management elements, processes, and interactions Principles/strategies for establishing efficient and effective inventory flows The critical role of technology in inventory planning and management New approaches to reducing inventory including postponement, vendor-managed inventories, cross-docking, and quick response systems Understanding essential trade-offs between inventory and transportation costs, including the impact of carrying costs Requirements and challenges of global inventory management Best practices for assessing inventory management performance using standard metrics and frameworks

Inventory Management

Author : Mohamad Y. Jaber
Publisher : CRC Press
ISBN 13 : 1420079980
Total Pages : 246 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Inventory Management by : Mohamad Y. Jaber

Download or read book Inventory Management written by Mohamad Y. Jaber and published by CRC Press. This book was released on 2009-08-11 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: As markets become more dynamic and competitive, companies must reconsider how they view inventory and make changes to their production and inventory systems. They must begin to think outside the classical box and develop a new paradigm of inventory management. Exploring the trend away from classical models based on economic order quantities to depe

The Definitive Guide to Inventory Management

Author : CSCMP
Publisher : Pearson Education
ISBN 13 : 0133448843
Total Pages : 208 pages
Book Rating : 4.1/5 (334 download)

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Book Synopsis The Definitive Guide to Inventory Management by : CSCMP

Download or read book The Definitive Guide to Inventory Management written by CSCMP and published by Pearson Education. This book was released on 2014-03-19 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: Master and apply both the technical and behavioral skills you need to succeed in any inventory management role or function! Now, there’s an authoritative and comprehensive guide to best-practice inventory management in any organization. Authored by world-class experts in collaboration with the Council of Supply Chain Management Professionals (CSCMP), this text illuminates planning, organizing, controlling, directing, motivating and coordinating all the activities used to efficiently control product flow. The Definitive Guide to Inventory Management covers long-term strategic decisions; mid-term tactical decisions; and even short-term operational decisions. Topics discussed include: Basic inventory management goals, roles, concepts, purposes, and terminology Key inventory management elements, processes, and interactions Principles/strategies for establishing efficient and effective inventory flows Using technology in inventory planning and management New approaches to inventory reduction: postponement, vendor-managed inventories, cross-docking, and quick response systems Trade-offs between inventory and transportation costs, including carrying costs Requirements and challenges of global inventory management Best practices, metrics, and frameworks for assessing inventory management performance

Developing Sustainable Supply Chains to Drive Value

Author : Robert P. Sroufe
Publisher : Business Expert Press
ISBN 13 : 1631578529
Total Pages : 192 pages
Book Rating : 4.6/5 (315 download)

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Book Synopsis Developing Sustainable Supply Chains to Drive Value by : Robert P. Sroufe

Download or read book Developing Sustainable Supply Chains to Drive Value written by Robert P. Sroufe and published by Business Expert Press. This book was released on 2017-08-24 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sustainability is changing and changing rapidly. It is becoming more widespread as companies and customers uncover its power, attractiveness, and sustainability, as well as receiving more attention in the press. Support for sustainability lies within new tools, frameworks, and approaches. The authors capture these and other developments in this second volume of Developing Sustainable Supply Chains. In the first volume, the authors assess major management opportunities; this second volume focuses on implementation; when combined the result is a complete, action-oriented treatment of sustainability. Written by two of the leading academic researchers in this area, this series introduces the reader, whether a student, manager, or experienced sustainability advocate, to the various tools, frameworks, and approaches that work.

Principles of Health Care Management: Foundations for a Changing Health Care System

Author : Seth B. Goldsmith
Publisher : Jones & Bartlett Publishers
ISBN 13 : 1449653987
Total Pages : 457 pages
Book Rating : 4.4/5 (496 download)

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Book Synopsis Principles of Health Care Management: Foundations for a Changing Health Care System by : Seth B. Goldsmith

Download or read book Principles of Health Care Management: Foundations for a Changing Health Care System written by Seth B. Goldsmith and published by Jones & Bartlett Publishers. This book was released on 2009-11-13 with total page 457 pages. Available in PDF, EPUB and Kindle. Book excerpt: Faced with strict government regulations and increasing service demands by consumers, healthcare providers find themselves accountable on both ends. Written to reflect the realities of the 21st century, Principles of Health Care Management considers the many outside forces influencing health care institutions, and in doing so provides a progressive and modern reference on how to effectively manage a health organization. Using relevant case studies to illustrate key points, this text explains the critical changes and challenges that administrators must deal with as they go about practicing their profession and what students must learn as they begin their study of this vital field.

Fundamentals of Supply Chain Management

Author :
Publisher : Bookboon
ISBN 13 : 8776817989
Total Pages : 112 pages
Book Rating : 4.7/5 (768 download)

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Book Synopsis Fundamentals of Supply Chain Management by :

Download or read book Fundamentals of Supply Chain Management written by and published by Bookboon. This book was released on with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Research Handbook on Inventory Management

Author : Jing-Sheng J. Song
Publisher : Edward Elgar Publishing
ISBN 13 : 180037710X
Total Pages : 565 pages
Book Rating : 4.8/5 (3 download)

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Book Synopsis Research Handbook on Inventory Management by : Jing-Sheng J. Song

Download or read book Research Handbook on Inventory Management written by Jing-Sheng J. Song and published by Edward Elgar Publishing. This book was released on 2023-08-14 with total page 565 pages. Available in PDF, EPUB and Kindle. Book excerpt: This comprehensive Handbook provides an overview of state-of-the-art research on quantitative models for inventory management. Despite over half a century’s progress, inventory management remains a challenge, as evidenced by the recent Covid-19 pandemic. With an expanse of world-renowned inventory scholars from major international research universities, this Handbook explores key areas including mathematical modelling, the interplay of inventory decisions and other business decisions and the unique challenges posed to multiple industries.

The IOMA Handbook of Logistics and Inventory Management

Author : Institute of Management and Administration (IOMA)
Publisher : John Wiley & Sons
ISBN 13 : 047120935X
Total Pages : 1059 pages
Book Rating : 4.4/5 (712 download)

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Book Synopsis The IOMA Handbook of Logistics and Inventory Management by : Institute of Management and Administration (IOMA)

Download or read book The IOMA Handbook of Logistics and Inventory Management written by Institute of Management and Administration (IOMA) and published by John Wiley & Sons. This book was released on 2002-10-01 with total page 1059 pages. Available in PDF, EPUB and Kindle. Book excerpt: Practical, easy-to-implement advice on the most successful logistics management techniques being used today--from selecting the best carriers, setting logistics performance goals, and planning logistics strategies, to streamlining shipping and receiving and slashing logistics costs, and negotiating and managing third party logistics service providers.

Essentials of Inventory Management

Author : Max Muller
Publisher : AMACOM Div American Mgmt Assn
ISBN 13 : 0814416551
Total Pages : 272 pages
Book Rating : 4.8/5 (144 download)

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Book Synopsis Essentials of Inventory Management by : Max Muller

Download or read book Essentials of Inventory Management written by Max Muller and published by AMACOM Div American Mgmt Assn. This book was released on 2011 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: Does inventory management sometimes feel like a waste of time? Learn how to maximize your inventory management process to use it as a tool for making important business decisions.

Inventory Management Insights

Author : Mansoor Muallim
Publisher : M M Info Care
ISBN 13 :
Total Pages : 105 pages
Book Rating : 4./5 ( download)

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Book Synopsis Inventory Management Insights by : Mansoor Muallim

Download or read book Inventory Management Insights written by Mansoor Muallim and published by M M Info Care. This book was released on 101-01-01 with total page 105 pages. Available in PDF, EPUB and Kindle. Book excerpt: Chapter 1: The Foundations of Inventory Management Characters: Jammy (Expert) and Canny (Enthusiast) Jammy: Hey there, Canny! I'm excited to share some valuable insights about inventory management with you today. It's a crucial aspect of any business, and I'm sure you'll find it fascinating. Canny: Hi, Jammy! I'm really eager to learn more. So, what exactly is inventory management? Jammy: Great question, Canny! Inventory management involves efficiently handling a company's stock of goods to ensure smooth operations. It's all about striking the right balance between having enough products to meet customer demand while avoiding overstocking that ties up unnecessary capital. Canny: I see. So, why is it essential for businesses? Jammy: Well, effective inventory management brings several benefits. First and foremost, it helps businesses maintain customer satisfaction. When you have products readily available, you can fulfill orders promptly, leading to happy customers. Moreover, it reduces holding costs, which are the expenses associated with storing excess inventory. Canny: That makes sense. How do companies decide how much inventory to carry? Jammy: Good question! There are various factors that influence this decision. One crucial aspect is demand forecasting. By analyzing historical sales data and market trends, businesses can estimate future demand and plan their inventory accordingly. Canny: Is there a specific method for managing different types of products? Jammy: Absolutely! Not all products are equal. Businesses often categorize their inventory based on demand and value. This categorization helps them apply appropriate management techniques. For instance, high-value items may require closer monitoring and tighter controls. Canny: Interesting! Are there any popular inventory control models? Jammy: Yes, indeed! One of the widely used models is the Economic Order Quantity (EOQ) model. It calculates the optimal order quantity that minimizes total inventory costs, including ordering and holding costs. Canny: Is there any way to handle unpredictable demand? Jammy: Definitely! Safety stock comes into play here. It's the buffer inventory kept to tackle unexpected spikes in demand or delays in supply. Safety stock acts as an insurance against stockouts. Canny: That sounds important. How can technology help with inventory management? Jammy: Technology plays a significant role in modern inventory management. Businesses use specialized software to automate various processes, such as order processing, tracking, and forecasting. This streamlines operations and enhances accuracy. Canny: Thanks for sharing all this valuable information, Jammy. It's been really enlightening. Jammy: You're welcome, Canny! Inventory management is an ever-evolving field, and there's always something new to learn. I'm glad I could help satisfy your thirst for knowledge! Key Takeaways: Inventory management is about efficiently handling a company's stock of goods to meet customer demand while minimizing holding costs. Demand forecasting is crucial for determining the right inventory levels. Categorizing inventory based on demand and value helps tailor management techniques. The Economic Order Quantity (EOQ) model is widely used for inventory control. Safety stock acts as a buffer against unexpected fluctuations in demand or supply. Technology, such as inventory management software, plays a significant role in streamlining processes and improving accuracy.

Inventory Rationing

Author : Karin Möllering
Publisher : Springer
ISBN 13 : 3658242558
Total Pages : 188 pages
Book Rating : 4.6/5 (582 download)

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Book Synopsis Inventory Rationing by : Karin Möllering

Download or read book Inventory Rationing written by Karin Möllering and published by Springer. This book was released on 2019-03-01 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: The last decades have seen an increasing diversity of customer expectations and growing competitive pressure for a wide variety of industries. Customer segmentation and subsequent inventory rationing provide a way to cope with those customer demands while maintaining a competitive offer. The general idea resembles the yield management practised in the airline or hotel industries: Demand fulfilment for low priority customers might be refused or delayed in order to reserve stock for more important clients. This dissertation thesis from Karin Möllering provides a comprehensive introduction to inventory rationing. It gives an overview of the different approaches studied and identifies state-of-the-art rules. In a second step, the book particularly focuses on an easy-to-implement but highly efficient rationing strategy. For this strategy, a mathematical model is developed that allows for optimization under different objectives. Potential readership includes scholars of inventory control and management science, students interested in these areas as well as practitioners involved in formulating and implementing rationing strategies.