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Inventory Management In Make To Stock Production
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Book Synopsis Capacity and Inventory Planning for Make-to-Order Production Systems by : Klaus Altendorfer
Download or read book Capacity and Inventory Planning for Make-to-Order Production Systems written by Klaus Altendorfer and published by Springer Science & Business Media. This book was released on 2013-07-31 with total page 150 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book presents different models for the simultaneous optimization problem of capacity investment and work release rule parameterization. The overall costs are minimized either including backorder costs or considering a service level constraint. The available literature is extended with the integration of a distributed customer required lead time in addition to the actual demand distribution. Furthermore, an endogenous production lead time is introduced. Different models for make-to-order production systems with one or multiple serial processing stages are developed. Capacity investment is linked to the processing rates of the machines or to the number of the machines. Results are equations for service level, tardiness, and FGI lead time in such a production system. For special cases with M/M/1 and M/M/s queues explicit solutions of the optimization problems or optimality conditions concerning capacity investment and work release rule parameterization are provided.
Book Synopsis Inventory Management by : John W. Toomey
Download or read book Inventory Management written by John W. Toomey and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 227 pages. Available in PDF, EPUB and Kindle. Book excerpt: The goal of Inventory Management will be to explain the dynamics of inventory management's principles, concepts, and techniques as they relate to the entire supply chain (customer demand, distribution, and product transformation processes). The interrelationships of all functions will be defined. The book concentrates on understanding the many ramifications of inventory management. In today's competitive business environment, inventory management has proven to be most critical, and this book is directed to the management of inventory to assist in better understanding the body of knowledge required to operate in a competitive world. Almost all functions such as sales, engineering, and accounting have an impact and are impacted by inventory management. The book will assist in the training of students as well as APICS CPIM (Certified in Production and Inventory Management) candidates. As such it will not only be a textbook, but also a desk reference for those employees responsible for controlling inventories, and thereby assist in reducing cost, improving customer service, and maximizing capacity. Each chapter concludes with a case study and suggested solution. The case studies tell the story of a growing company, Smith Industries, and the related inventory management problems it had to address. The problems addressed relate to the subject matter of the chapter.
Book Synopsis Production and Inventory Control by : George W. Plossl
Download or read book Production and Inventory Control written by George W. Plossl and published by Prentice Hall. This book was released on 1985 with total page 474 pages. Available in PDF, EPUB and Kindle. Book excerpt: A classic, practical, integrated approach to production and inventory control.
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 Production & Inventory Management by : Donald W. Fogarty
Download or read book Production & Inventory Management written by Donald W. Fogarty and published by Cengage Learning. This book was released on 1991 with total page 888 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an excellent source for professionals preparing for professional certification examinations. This new edition has been significantly reorganizsed to reflect more closely the organisation of professional certification exams. Discussion follows the step-by-step decision-making process, including topics such as: establishment of management objectives, long-, medium-, and short-range planning, execution, and control. It also features increased emphasis on tactical and technological considerations.
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 John Wiley & Sons. This book was released on 1984 with total page 310 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 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 Best Practice in Inventory Management by : Antony Wild
Download or read book Best Practice in Inventory Management written by Antony Wild and published by Wiley-Interscience. This book was released on 1997 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: A groundbreaking, up-to-date look at the Best Practice in Inventory Management "This book is aimed to show how good inventory control can be used in practice. It is a result of working continuously on inventory control with a large number of companies over many years. It contains the distilled techniques which have been tried out and proved to work. . . . [It] is a driver's manual of inventory controllers. It will cover the working of the engine (how inventory control techniques work), how to use the controls (what the techniques do and how to manage them), and how to get the best out of the vehicle (how to optimize inventory). Understand the text and it will show the way to guaranteed improved inventory control, reduced stock levels, and higher availability."—from the Preface "The development of inventory management is a dynamic activity, with new approaches being made, techniques being refined, and new challenges being met. . . . It is imperative that [these] challenges are met, since continuing competitiveness is based on ever-improving customer service and ever-reducing inventory costs."—from the text As a vital function of an organization's operational structure, effective inventory management is key to improving a company's customer service, cash flow, and ultimately, its profitability margin. While it may sound simple, it is, in fact, far more complex than most managers perceive, requiring very specific knowledge and understanding. It is based upon a framework of unique tools and techniques essential to achieving complete success. Best Practice in Inventory Management gives you these essentials, with in-depth coverage of the latest practices in the field. The book delivers a wealth of solid solutions for lowering inventory overhead, bettering customer relations, and increasing productivity and performance. An ideal reference for APICS certification candidates, as well as participants in training programs, this authoritative resource outlines basic techniques, describes how and where to apply them, and explains how to ensure their effective implementation. The techniques are placed within the context of stores operations, which can be applied in a variety of situations, from manufacturing and distribution to warehousing, consumable stores, and spares and service. Best Practice in Inventory Management follows a logical progression, beginning with targets and moving forward through inventory structuring, individual item control, and coordination. In the process, it probes cutting-edge strategies, including Pareto analysis, Just in Time (JIT), and Material Requirements Planning (MRP), and offers a rational approach to the risks of stockouts. Aided by a host of new applications, practical methods, and real-world examples, you'll learn to implement a variety of processes vital to inventory structure and control. From effective stock monitoring to forecasting, setting, and assessing stock level guidelines, this book outlines the crucial steps in having suitable product available at an acceptable price and within a reasonable timescale.
Book Synopsis Theory of Constraints Handbook by : James F. Cox
Download or read book Theory of Constraints Handbook written by James F. Cox and published by McGraw Hill Professional. This book was released on 2010-05-06 with total page 1214 pages. Available in PDF, EPUB and Kindle. Book excerpt: The definitive guide to the theory of constraints In this authoritative volume, the world's top Theory of Constraints (TOC) experts reveal how to implement the ground-breaking management and improvement methodology developed by Dr. Eliyahu M. Goldratt. Theory of Constraints Handbook offers an in-depth examination of this revolutionary concept of bringing about global organization performance improvement by focusing on a few leverage points of the system. Clear explanations supplemented by examples and case studies define how the theory works, why it works, what issues are resolved, and what benefits accrue, and demonstrate how TOC can be applied to different industries and situations. Theory of Constraints Handbook covers: Critical Chain Project Management for realizing major improvements in delivering projects on time, to specification, and within budget Drum-Buffer-Rope (DBR), Buffer Management, and distribution for maximizing throughput and minimizing flow time Performance measures for applying Throughput Accounting to improve organizational performance Strategy, marketing, and sales techniques designed to increase sales closing rates and Throughput Thinking Processes for simple and complex environments TOC methods to ensure that services actions support escalating demand for services while retaining financial viability Integrating the TOC Thinking Processes, the Strategy and Tactic Tree, TOC measurements, the Five Focusing Steps of TOC, and Six Sigma as a system of tools for sustainable improvement
Book Synopsis Inventory and Production Management in Supply Chains by : Edward A. Silver
Download or read book Inventory and Production Management in Supply Chains written by Edward A. Silver and published by CRC Press. This book was released on 2016-12-19 with total page 810 pages. Available in PDF, EPUB and Kindle. Book excerpt: Authored by a team of experts, the new edition of this bestseller presents practical techniques for managing inventory and production throughout supply chains. It covers the current context of inventory and production management, replenishment systems for managing individual inventories within a firm, managing inventory in multiple locations and firms, and production management. The book presents sophisticated concepts and solutions with an eye towards today’s economy of global demand, cost-saving, and rapid cycles. It explains how to decrease working capital and how to deal with coordinating chains across boundaries.
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 Best Practice in Inventory Management by : Tony Wild
Download or read book Best Practice in Inventory Management written by Tony Wild and published by Routledge. This book was released on 2007-06-01 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt: Good management of inventory enables companies to improve their customer service, cash flow and profitability. 'Best Practice in Inventory Management' outlines the basic techniques, how and where to apply them, and provides advice to ensure they work to produce the desired effect in practice. The book shows how inventory management techniques can be used in a wide variety of situations, particularly in stores where the inventory can be anything from fast moving products to slow moving spares. The discussion extends across distribution warehousing and manufacturers' operations. The text is based on best theory and practice, which has been gradually developed by the inventory management profession over the years. It covers the inventory control aspects included in the courses for the DPIM, COM, DLM, CPIM and other professional and academic qualifications. Readers develop their understanding of stock control by seeing the techniques explained logically and learn how inventory structuring, individual item control, forecasting and co-ordination provide the base for logistics management. This new edition has been up-dated throughout and the final chapter, The Future - Inventory and Logistics, has been re-written to reflect the developing applications of technology and changes in focus.
Book Synopsis Decision Systems for Inventory Management and Production Planning by : Edward A. Silver
Download or read book Decision Systems for Inventory Management and Production Planning written by Edward A. Silver and published by . This book was released on 1985-01-18 with total page 760 pages. Available in PDF, EPUB and Kindle. Book excerpt: An in-depth discussion of the major decisions in production planning, scheduling, and inventory management faced by organizations, both private and public. Strategic and operational issues are covered, as well as the latest systems used to make decisions, including Just-in-Time Manufacturing, KANBAN, Distribution Requirements Planning, and PUSH Control. A series of cases focusing on one organization complement the text's discussion, and several problem sets are also included. An extensive list of references allows the advanced student to pursue topics of interest in more detail.
Book Synopsis Logistics of Production and Inventory by : S.C. Graves
Download or read book Logistics of Production and Inventory written by S.C. Graves and published by Elsevier. This book was released on 1993-05-27 with total page 780 pages. Available in PDF, EPUB and Kindle. Book excerpt: Handbook
Book Synopsis Manufacturing Planning and Control for Supply Chain Management by : Thomas E. Vollmann
Download or read book Manufacturing Planning and Control for Supply Chain Management written by Thomas E. Vollmann and published by Irwin/McGraw-Hill. This book was released on 2005 with total page 746 pages. Available in PDF, EPUB and Kindle. Book excerpt: Vollman, Berry, Whybark and Jacobs', Manufacturing Planning & Control Systems, 5/e provides comprehensive real world based coverage of the concepts, tools, and methods used to manage and control manufacturing systems. This major revision contains four entirely new chapters and four thoroughly upgraded to nearly original content. ERP system coverage and the impact of them in the field is covered now in a new introductory chapter (4) as well as being integrated heavily into many other chapters from Sales and Operations Planning (3) to Advanced Scheduling Systems (16).
Book Synopsis Management of Stochastic Demand in Make-to-Stock Manufacturing by : Rainer Quante
Download or read book Management of Stochastic Demand in Make-to-Stock Manufacturing written by Rainer Quante and published by Peter Lang. This book was released on 2009 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt: Up to now, demand fulfillment in make-to-stock manufacturing is usually handled by advanced planning systems. Orders are fulfilled on the basis of simple rules or deterministic planning approaches not taking into account demand fluctuations. The consideration of different customer classes as it is often done today requires more sophisticated approaches explicitly considering stochastic influences. This book reviews current literature, presents a framework that addresses revenue management and demand fulfillment at once and introduces new stochastic approaches for demand fulfillment in make-to-stock manufacturing based on the ideas of the revenue management literature.
