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Spare Parts Inventory Management

Author : Phillip Slater
Publisher :
ISBN 13 : 9780831136086
Total Pages : 0 pages
Book Rating : 4.1/5 (36 download)

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Book Synopsis Spare Parts Inventory Management by : Phillip Slater

Download or read book Spare Parts Inventory Management written by Phillip Slater and published by . This book was released on 2016-11-25 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Overview No previous works have focused on the topic of inventory reduction and optimization to the extent that this one does. Spare Parts Inventory Management: A Complete Guide to Sparesology(tm) by Philip Slater covers the whole part's life cycle, from initial purchase to final disposal, and addresses issues throughout, including maintenance, repair, and overhaul (MRO). The author, Phillip Slater, was described in a recent podcast as "truly one of the leaders in the MRO information segment." Sparesology is a term coined by Slater to describe the discipline of optimizing the physical, financial, and human resource management processes of spare parts inventory management. Sparesology is much more than just inventory optimization. It involves an understanding of the complete "ecosystem," within which the spare parts inventory is managed, and seeks to ensure that all of the factors influencing this management work together to achieve an organization's goals.

Spare Parts Inventory Control under System Availability Constraints

Author : Geert-Jan van Houtum
Publisher : Springer
ISBN 13 : 1489976094
Total Pages : 227 pages
Book Rating : 4.4/5 (899 download)

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Book Synopsis Spare Parts Inventory Control under System Availability Constraints by : Geert-Jan van Houtum

Download or read book Spare Parts Inventory Control under System Availability Constraints written by Geert-Jan van Houtum and published by Springer. This book was released on 2015-05-18 with total page 227 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on the tactical planning level for spare parts management. It describes a series of multi-item inventory models and presents exact and heuristic optimization methods, including greedy heuristics that work well for real, life-sized problems. The intended audience consists of graduate students, starting scholars in the field of spare parts inventory control, and spare parts planning specialists in the industry. In individual chapters the authors consider topics including: a basic single-location model; single-location models with multiple machine types and/or machine groups; the multi-location model with lateral transshipments; the classical METRIC model and its generalization to multi-indenture systems; and a single-location model with an explicit modeling of the repair capacity for failed parts and the priorities that one can set there. Various chapters of the book are used in a master course at Eindhoven University of Technology and in a PhD course of the Graduate Program Operations Management and Logistics (a Dutch network that organizes PhD courses in the field of OM&L). The required pre-knowledge consists of probability theory and basic knowledge of Markov processes and queuing theory. End-of-chapter problems appear for all chapters, with some answers appearing in an appendix.

Production Spare Parts

Author : Eugene C. Moncrief
Publisher :
ISBN 13 : 9780831132286
Total Pages : 0 pages
Book Rating : 4.1/5 (322 download)

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Book Synopsis Production Spare Parts by : Eugene C. Moncrief

Download or read book Production Spare Parts written by Eugene C. Moncrief and published by . This book was released on 2006 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Covering stocking theory and practice, this compilation of the best techniques and practices for optimizing MRO inventory offers numerous case studies showing the best--and the not-so-best--ways to improve plant inventory performance. Based on practical solutions to everyday inventory problems, it uses simple but useful metrics for setting and monitoring goals.

Life Cycle Costing for Engineers

Author : B.S. Dhillon
Publisher : CRC Press
ISBN 13 : 1439816891
Total Pages : 224 pages
Book Rating : 4.4/5 (398 download)

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Book Synopsis Life Cycle Costing for Engineers by : B.S. Dhillon

Download or read book Life Cycle Costing for Engineers written by B.S. Dhillon and published by CRC Press. This book was released on 2009-10-26 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cradle-to-grave analyses are becoming the norm, as an increasing amount of corporations and government agencies are basing their procurement decisions not only on initial costs but also on life cycle costs. And while life cycle costing has been covered in journals and conference proceedings, few, if any, books have gathered this information into an

Service Parts Management

Author : Nezih Altay
Publisher : Springer Science & Business Media
ISBN 13 : 0857290398
Total Pages : 315 pages
Book Rating : 4.8/5 (572 download)

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Book Synopsis Service Parts Management by : Nezih Altay

Download or read book Service Parts Management written by Nezih Altay and published by Springer Science & Business Media. This book was released on 2011-03-24 with total page 315 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the pressure of time-based competition increasing, and customers demanding faster service, availability of service parts becomes a critical component of manufacturing and servicing operations. Service Parts Management first focuses on intermittent demand forecasting and then on the management of service parts inventories. It guides researchers and practitioners in finding better management solutions to their problems and is both an excellent reference for key concepts and a leading resource for further research. Demand forecasting techniques are presented for parametric and nonparametric approaches, and multi echelon cases and inventory pooling are also considered. Inventory control is examined in the continuous and periodic review cases, while the following are all examined in the context of forecasting: • error measures, • distributional assumptions, and • decision trees. Service Parts Management provides the reader with an overview and a detailed treatment of the current state of the research available on the forecasting and inventory management of items with intermittent demand. It is a comprehensive review of service parts management and provides a starting point for researchers, postgraduate students, and anyone interested in forecasting or managing inventory.

Smart Inventory Solutions

Author : Phillip Slater
Publisher : Industrial Press Inc.
ISBN 13 : 9780831134013
Total Pages : 276 pages
Book Rating : 4.1/5 (34 download)

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Book Synopsis Smart Inventory Solutions by : Phillip Slater

Download or read book Smart Inventory Solutions written by Phillip Slater and published by Industrial Press Inc.. This book was released on 2010 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: Engineers and reliability professionals are increasingly being held accountable for materials and spare parts inventory management and in response they need to gain a better understanding of materials and spare parts inventory management principles and practices. This practical book delivers just that. This new edition will help you get the right parts, in the right place, at the right time, for the right reason. Fully revised, it provides specific coverage of the issues faced in, and requirements for, managing engineering materials and spare parts and what to do to improve your results. It includes 29 exclusive examples and real life case studies to demonstrate the application of the concepts and ideas so that you will easy and quickly understand how to implement them. What's more it will show you: What to do to truly optimize your inventory holdings, Why inventory levels are almost always too high, How to identifying the factors that have greatest impact on your inventory levels, When to apply the 7 Actions for Inventory Reduction, Where to focus your efforts for greatest effect, and Who to involve in taking action. The concepts, ideas, tools, and processes in this book have helped many companies achieve and sustain results that other inventory tools and approaches just could not match. And it is sure to help you achieve true inventory optimization as well! Features The second edition includes... A new chapter on The Mechanics of Inventory Management, a pragmatic review of the management of inventory including... Introducing the Materials and Inventory Management Cycle, Comparing theoretical and actual inventory outcomes, Discussion on normal and Poisson distribution models, How to determine the re order point, How to determine the re order quantity, and Commentary on Monte Carlo simulation. An expanded chapter on the financial impact of inventory, including a discussion of the key reports that need to be understood. Chapters on the influence of policies, procedures, and people. Additional discussion on issues faced and how to address them. An expansion of the central process discussed in the first edition to a more comprehensive review process...Inventory Process(TM) Optimization. An expanded section on executing an inventory review program. A closing 'where to from here' chapter. 57 figures and diagrams - 30 of them new and the others all revised and updated and six new tables (with 8 in total). Eight new checklists - specifically included as a new tool for the reader and is the result of direct reader requests. An expanded glossary.

Intermittent Demand Forecasting

Author : John E. Boylan
Publisher : John Wiley & Sons
ISBN 13 : 1119135303
Total Pages : 403 pages
Book Rating : 4.1/5 (191 download)

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Book Synopsis Intermittent Demand Forecasting by : John E. Boylan

Download or read book Intermittent Demand Forecasting written by John E. Boylan and published by John Wiley & Sons. This book was released on 2021-06-02 with total page 403 pages. Available in PDF, EPUB and Kindle. Book excerpt: INTERMITTENT DEMAND FORECASTING The first text to focus on the methods and approaches of intermittent, rather than fast, demand forecasting Intermittent Demand Forecasting is for anyone who is interested in improving forecasts of intermittent demand products, and enhancing the management of inventories. Whether you are a practitioner, at the sharp end of demand planning, a software designer, a student, an academic teaching operational research or operations management courses, or a researcher in this field, we hope that the book will inspire you to rethink demand forecasting. If you do so, then you can contribute towards significant economic and environmental benefits. No prior knowledge of intermittent demand forecasting or inventory management is assumed in this book. The key formulae are accompanied by worked examples to show how they can be implemented in practice. For those wishing to understand the theory in more depth, technical notes are provided at the end of each chapter, as well as an extensive and up-to-date collection of references for further study. Software developments are reviewed, to give an appreciation of the current state of the art in commercial and open source software. “Intermittent demand forecasting may seem like a specialized area but actually is at the center of sustainability efforts to consume less and to waste less. Boylan and Syntetos have done a superb job in showing how improvements in inventory management are pivotal in achieving this. Their book covers both the theory and practice of intermittent demand forecasting and my prediction is that it will fast become the bible of the field.” —Spyros Makridakis, Professor, University of Nicosia, and Director, Institute for the Future and the Makridakis Open Forecasting Center (MOFC). “We have been able to support our clients by adopting many of the ideas discussed in this excellent book, and implementing them in our software. I am sure that these ideas will be equally helpful for other supply chain software vendors and for companies wanting to update and upgrade their capabilities in forecasting and inventory management.” —Suresh Acharya, VP, Research and Development, Blue Yonder. “As product variants proliferate and the pace of business quickens, more and more items have intermittent demand. Boylan and Syntetos have long been leaders in extending forecasting and inventory methods to accommodate this new reality. Their book gathers and clarifies decades of research in this area, and explains how practitioners can exploit this knowledge to make their operations more efficient and effective.” —Thomas R. Willemain, Professor Emeritus, Rensselaer Polytechnic Institute.

Maintenance and Spare Parts Management

Author : P. GOPALAKRISHNAN
Publisher : PHI Learning Pvt. Ltd.
ISBN 13 : 8120347390
Total Pages : 523 pages
Book Rating : 4.1/5 (23 download)

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Book Synopsis Maintenance and Spare Parts Management by : P. GOPALAKRISHNAN

Download or read book Maintenance and Spare Parts Management written by P. GOPALAKRISHNAN and published by PHI Learning Pvt. Ltd.. This book was released on 2013-04-08 with total page 523 pages. Available in PDF, EPUB and Kindle. Book excerpt: This well-received text, designed for the students of MBA, BTech (Mechanical Engineering and Industrial and Production Engineering) and MTech (Industrial Engineering and Management), has been revised and reorganized in its second edition. The book, divided into six sections, deals with the concepts of core maintenance and related auxiliary functions, core spares issues, related auxiliary spares functions, caselets and policy cases. This research-based study attempts to impart a comprehensive knowledge of maintenance and spare parts management, particularly in the Indian context. Illustrations, tables, caselets, cases and presentation of several topics in A-Z points add pedagogic value to the text.

Cases on Optimizing the Asset Management Process

Author : González-Prida, Vicente
Publisher : IGI Global
ISBN 13 : 1799879453
Total Pages : 478 pages
Book Rating : 4.7/5 (998 download)

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Book Synopsis Cases on Optimizing the Asset Management Process by : González-Prida, Vicente

Download or read book Cases on Optimizing the Asset Management Process written by González-Prida, Vicente and published by IGI Global. This book was released on 2021-10-15 with total page 478 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is critical to improve the asset management system implementation as well as economics and industrial decision making to ensure that a business may move smoothly internally. Maintenance management should be aligned to the activities of maintenance in accordance with key business strategies, which must be designed under the comprehensive approach of an asset management process. After transforming the priorities of the business into priorities of maintenance, maintenance managers will use their medium-team strategies to tackle potential weaknesses in the maintenance of the equipment in accordance with these objectives. Cases on Optimizing the Asset Management Process explains and summarizes the processes and the reference frame necessary for the implementation of the Maintenance Management Model (MMM). This book acts as an overview of the current state of the art in asset management, providing innovative tools and practices from the fourth industrial revolution. Presenting topics like criticality analysis, physical asset maintenance, and unified modelling language, this text is essential for industrial and manufacturing engineers, plant supervisors, academicians, researchers, advanced-level students, technology developers, and managers who make decisions in this field.

Handbook of Research on Promoting Business Process Improvement Through Inventory Control Techniques

Author : Shah, Nita H.
Publisher : IGI Global
ISBN 13 : 1522532331
Total Pages : 672 pages
Book Rating : 4.5/5 (225 download)

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Book Synopsis Handbook of Research on Promoting Business Process Improvement Through Inventory Control Techniques by : Shah, Nita H.

Download or read book Handbook of Research on Promoting Business Process Improvement Through Inventory Control Techniques written by Shah, Nita H. and published by IGI Global. This book was released on 2017-12-22 with total page 672 pages. Available in PDF, EPUB and Kindle. Book excerpt: Stock management and control is a critical element to the success and overall financial well-being of an organization. Through the application of innovative practices and technology, businesses are now able to effectively monitor their operations and manage their inventory by evaluating sales patterns and customer preferences. The Handbook of Research on Promoting Business Process Improvement Through Inventory Control Techniques is a critical scholarly resource that examines optimization techniques, data mining concepts, and genetic algorithms to manage inventory control. Featuring coverage on a broad range of topics such as logistics and supply chain management, stochastic inventory modelling, and inventory management in healthcare, this book is geared towards academicians, practitioners, and researchers seeking various research methods to get optimal ordering policy.

Advances in Swarm Intelligence, Part II

Author : Ying Tan
Publisher : Springer Science & Business Media
ISBN 13 : 3642215238
Total Pages : 611 pages
Book Rating : 4.6/5 (422 download)

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Book Synopsis Advances in Swarm Intelligence, Part II by : Ying Tan

Download or read book Advances in Swarm Intelligence, Part II written by Ying Tan and published by Springer Science & Business Media. This book was released on 2011-05-26 with total page 611 pages. Available in PDF, EPUB and Kindle. Book excerpt: The two-volume set (LNCS 6728 and 6729) constitutes the refereed proceedings of the International Conference on Swarm Intelligence, ICSI 2011, held in Chongqing, China, in June 2011. The 143 revised full papers presented were carefully reviewed and selected from 298 submissions. The papers are organized in topical sections on theoretical analysis of swarm intelligence algorithms, particle swarm optimization, applications of pso algorithms, ant colony optimization algorithms, bee colony algorithms, novel swarm-based optimization algorithms, artificial immune system, differential evolution, neural networks, genetic algorithms, evolutionary computation, fuzzy methods, and hybrid algorithms - for part I. Topics addressed in part II are such as multi-objective optimization algorithms, multi-robot, swarm-robot, and multi-agent systems, data mining methods, machine learning methods, feature selection algorithms, pattern recognition methods, intelligent control, other optimization algorithms and applications, data fusion and swarm intelligence, as well as fish school search - foundations and applications.

Inventory Management and Optimization in SAP ERP

Author : Elke Roettig
Publisher : SAP PRESS
ISBN 13 : 9781493213108
Total Pages : 0 pages
Book Rating : 4.2/5 (131 download)

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Book Synopsis Inventory Management and Optimization in SAP ERP by : Elke Roettig

Download or read book Inventory Management and Optimization in SAP ERP written by Elke Roettig and published by SAP PRESS. This book was released on 2016 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Avoid having too little or too much stock on hand with this guide to inventory management and optimization with SAP ERP Start by managing the stock you have through replenishment, goods issue, goods receipt, and internal transfers. Then plan for and optimize your future by avoiding bottlenecks, setting lead times, using simulations, and more. Finally, evaluate your operations using standard reports, the MRP Monitor, and KPIs. Keep your stock levels just right Key Inventory Processes Understand essential business processes like good receipt, goods issue, internal stock transfer, reservations, and using materials documents. Then map these processes to their specific master data settings like service levels and lot size. Planning and Optimization Learn how the entire supply chain influences inventory planning, and jump into methods and tools for inventory optimization including SAP ERP Add-On tools for simulations and inventory cockpits. Monitoring, Reporting, and Analysis Employ Logistics Information Systems methods to control and monitor inventory, use the MRP Monitor for inventory analysis, and calculate key indicators to measure inventory performance. Highlights: Inventory management Inventory optimization Supply chain management Goods receipt/goods issue (GR/GI) Stock transfer SAP ERP Add-Ons Lot size Demand planning Material requirements planning (MRP) MRP Monitor Key performance indicators (KPIs)

Maintenance and Reliability Best Practices

Author : Ramesh Gulati
Publisher : Industrial Press
ISBN 13 : 9780831134341
Total Pages : 0 pages
Book Rating : 4.1/5 (343 download)

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Book Synopsis Maintenance and Reliability Best Practices by : Ramesh Gulati

Download or read book Maintenance and Reliability Best Practices written by Ramesh Gulati and published by Industrial Press. This book was released on 2012-04 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Drawing upon the authors many years of shop floor and management experience in a variety of industries, this

Maintenance Systems and Documentation

Author : Anthony Kelly
Publisher : Elsevier
ISBN 13 : 0080462626
Total Pages : 255 pages
Book Rating : 4.0/5 (84 download)

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Book Synopsis Maintenance Systems and Documentation by : Anthony Kelly

Download or read book Maintenance Systems and Documentation written by Anthony Kelly and published by Elsevier. This book was released on 2006-07-10 with total page 255 pages. Available in PDF, EPUB and Kindle. Book excerpt: Managing Systems and Documentation addresses the main systems necessary for the successful operation of a maintenance organization, such as performance control, work control and documentation. It shows how they can be modelled, their function and operating principles, and the main problems encountered in operation. It is the third of three stand-alone companion books with the aim of providing better understanding of maintenance operations, in order to identify problems and prescribe effective solutions.This is one of three stand-alone volumes designed to provide maintenance professionals in any sector with a better understanding of maintenance management, enabling the identification of problems and the delivery of effective solutions.* The third of three stand-alone companion books, focusing on the main systems necessary for the successful operation of a maintenance organization* Covers the maintenance of plant, production and operations assets in industry and service sectors, including manufacturing, food and process engineering, minerals and mining, transport, power and IT* Includes review questions, exercises and case studies* Clearly specified objectives and learning outcomes are given for each chapter, including a route map to link each chapter to the rest of the topics covered

Digitizing Production Systems

Author : Numan M. Durakbasa
Publisher : Springer Nature
ISBN 13 : 3030904210
Total Pages : 893 pages
Book Rating : 4.0/5 (39 download)

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Book Synopsis Digitizing Production Systems by : Numan M. Durakbasa

Download or read book Digitizing Production Systems written by Numan M. Durakbasa and published by Springer Nature. This book was released on 2021-11-10 with total page 893 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book contains selected papers from International Symposium for Production Research 2021, held on October 7–9, 2021, online, Turkey. The book reports recent advances in production engineering and operations. It explores topics including production research; production management; operations management; industry 4.0; industrial engineering; mechanical engineering; engineering management; and operational research. Presenting real-life applications, case studies, and mathematical models, this book is of interest to researchers, academics, and practitioners in the field of production and operation engineering. It provides both the results of recent research and practical solutions to real-world problems.

Storage Policies and Maintenance Support Strategies in Warehousing Systems

Author : Xiaolong Guo
Publisher : Springer
ISBN 13 : 9811014485
Total Pages : 120 pages
Book Rating : 4.8/5 (11 download)

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Book Synopsis Storage Policies and Maintenance Support Strategies in Warehousing Systems by : Xiaolong Guo

Download or read book Storage Policies and Maintenance Support Strategies in Warehousing Systems written by Xiaolong Guo and published by Springer. This book was released on 2016-05-24 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book studies storage policies in warehousing systems and maintenance-support strategies for critical operational systems in warehouses, which are the most important issues affecting operational efficiency of warehousing systems. It expands on the theory of class-based storage by considering a finite number of items in store, and also introduces the maintenance-support strategy founded on performance-based contract theory. It is a valuable resource for researchers, practitioners and engineers in the fields of industrial engineering, operations management, operations research and management science.

Operations Management

Author : Antonella Petrillo
Publisher : BoD – Books on Demand
ISBN 13 : 1838811877
Total Pages : 382 pages
Book Rating : 4.8/5 (388 download)

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Book Synopsis Operations Management by : Antonella Petrillo

Download or read book Operations Management written by Antonella Petrillo and published by BoD – Books on Demand. This book was released on 2021-03-03 with total page 382 pages. Available in PDF, EPUB and Kindle. Book excerpt: Global competition has caused fundamental changes in the competitive environment of the manufacturing and service industries. Firms should develop strategic objectives that, upon achievement, result in a competitive advantage in the market place. The forces of globalization on one hand and rapidly growing marketing opportunities overseas, especially in emerging economies on the other, have led to the expansion of operations on a global scale. The book aims to cover the main topics characterizing operations management including both strategic issues and practical applications. A global environmental business including both manufacturing and services is analyzed. The book contains original research and application chapters from different perspectives. It is enriched through the analyses of case studies.