Spare Parts Inventory Management

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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 : 215 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 215 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.

Service Parts Management

Author : Nezih Altay
Publisher : Springer Science & Business Media
ISBN 13 : 0857290398
Total Pages : 311 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 311 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.

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.

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.

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.

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! 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. Introduction to Smart Inventory Solutions The Mechanics of Inventory Management The Financial Impact of Inventory People and Processes. Policies & Procedures Issues, Myths and a Few Home Truths The Spare Parts Storeroom The 7 Actions for Inventory Reduction Inventory Process Optimization Executions: Taking Action to Achieve Results Case Studies Where to From Here? Bibliography Appendix A: Materials and Inventory Management Glossary Appendix B: Data Collection Questions Index

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.

Engineering Systems and Networks

Author : Marlene Amorim
Publisher : Springer
ISBN 13 : 3319457489
Total Pages : 373 pages
Book Rating : 4.3/5 (194 download)

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Book Synopsis Engineering Systems and Networks by : Marlene Amorim

Download or read book Engineering Systems and Networks written by Marlene Amorim and published by Springer. This book was released on 2016-12-18 with total page 373 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book gathers a selection of the best papers presented at the joint international conference ICIEOM-CIO-IIE 2015, offering recent research on industrial engineering, management and operations from an international and interdisciplinary perspective. It includes contributions from different fields, such as operations research, modeling and simulation, production and service management and logistics, information systems and quality, and as such is of interest to both researchers and practitioners. Reflecting the interconnected nature of today’s production systems, characterized by intense flows of goods, information and individuals between companies and nations, it is a valuable resource for anyone wanting an in-depth understanding of the field to guide managerial practice in order to take full advantage of existing opportunities.

INVENTORY MANAGEMENT

Author : D. CHANDRA BOSE
Publisher : PHI Learning Pvt. Ltd.
ISBN 13 : 9788120328532
Total Pages : 168 pages
Book Rating : 4.3/5 (285 download)

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Book Synopsis INVENTORY MANAGEMENT by : D. CHANDRA BOSE

Download or read book INVENTORY MANAGEMENT written by D. CHANDRA BOSE and published by PHI Learning Pvt. Ltd.. This book was released on 2006-01-01 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inventory control is vitally important to almost any type of industry, whether product or service-oriented. Investments in raw materials, spare parts, work-in-progress and finished products are all critical costs of operations which if not controlled can lead to high capital costs, high operating costs, and decreased production efficiency. This book focuses on the problems of materials control in small-scale manufactur-ing industries. It explains how to optimize the available resources with a view to reducing material costs and achieving improved capital turnover. It also analyzes a few selected industries and critically reviews their performance in the area of inventory control. The book is designed as a text on inventory management for postgraduate students pursuing courses in commerce, management, and business studies. It is also suitable for all those studying for professional qualifications such as CA, ICWA, and CS.

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.

Managing An Automotive Parts Department

Author : Cheryl Law
Publisher :
ISBN 13 :
Total Pages : 130 pages
Book Rating : 4.7/5 (179 download)

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Book Synopsis Managing An Automotive Parts Department by : Cheryl Law

Download or read book Managing An Automotive Parts Department written by Cheryl Law and published by . This book was released on 2021-03-08 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt: Are you a new parts manager?Have you been looking for key performance indicators To see how your parts department is running? Are you looking for solid actionable ways to improve your parts department? Do you want to excel as an automotive parts manager?Do you want a deeper understanding of the inner workings of the parts department? If you answered yes to any of these questions this book is for you! Managing an Automotive Parts Department was created to fill the gap between becoming a parts manager and the steep learning curve. Most parts departments don't have a succession plan, leaving the replacement parts manager searching for information on how to run the department without actually knowing what to look for and what targets they are striving to reach. Inside this book you will find KPI's and Knowledge Boosters that will help you find the balance between profit, people and inventory.

Inventory Management-principles and Practices.

Author : P. Narayan
Publisher : Excel Books India
ISBN 13 : 9788174465917
Total Pages : 248 pages
Book Rating : 4.4/5 (659 download)

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Book Synopsis Inventory Management-principles and Practices. by : P. Narayan

Download or read book Inventory Management-principles and Practices. written by P. Narayan and published by Excel Books India. This book was released on 2009 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book Inventory Management Principles and Practices explains all the fundamental principles of Inventory Management. It starts with a definition of Inventory, why it is needed as well as not needed, what is its impact on a business, how do we classify them for ease of control and what are the various techniques of inventory control. Inventory is an outcome of procurement. So obviously, while studying inventories, the logic behind its procurement should be studied. Hence, chapters on Manufacturing Resources Planning have been added. Just-in-time principles and TQM are some more methods of achieving world-class manufacturing, so they have also been included here. In the present scenario, all activities are being computerized. So lessons on e-commerce as well as all the latest technologies that are affecting Inventory Management have been included. Chapters have been included on methods to handle specific classes of inventories such as spare parts inventory, finished goods inventory, work-in-process inventory, surplus, obsolete and non-moving inventory, etc. Logistics and supply chain management defines the path which a material takes in it s life through a company. So it was essential to include a chapter on it also. Keeping in mind the syllabus prescribed in the various universities on this subject, the chapters have been designed accordingly. A chapter has also been included on some motivational thoughts outlining some principles, which would help us to become successful in life. The principles outlined here are universal, applicable to any situation, organization or country.

Advances in Production Management Systems

Author : Jan Olhager
Publisher : Springer Science & Business Media
ISBN 13 : 0387741569
Total Pages : 423 pages
Book Rating : 4.3/5 (877 download)

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Book Synopsis Advances in Production Management Systems by : Jan Olhager

Download or read book Advances in Production Management Systems written by Jan Olhager and published by Springer Science & Business Media. This book was released on 2007-09-05 with total page 423 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book brings together some of the latest thinking by leading experts from around the world on integrating systems and strategies in production management and related issues that are relevant for making production into a competitive resource for the firm. This book is composed of five parts, each focused on a specific theme: Linking systems and strategies; Strategic operations management; IS/IT applications in the value chain; Modelling and simulation; Improving operations.

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.

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 Control

Author : Sven Axsäter
Publisher : Springer Science & Business Media
ISBN 13 : 1475756062
Total Pages : 210 pages
Book Rating : 4.4/5 (757 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 Science & Business Media. This book was released on 2013-04-17 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt: Modem information technology has created new possibilities for more sophisticated and efficient control of supply chains. Most organizations can reduce their material flow costs substantially. Inventory control techniques are very important components in this development process. A thorough understanding of relevant inventory models is a prerequisite for successful implementation. I hope that this book will be a useful tool in acquiring such an understanding. Nearly ten years ago I wrote a Swedish book on inventory control. This previous book has been used in courses in production and inventory control at several Swed ish engineering schools and has also been appreciated by many practitioners in the field. Positive reactions from many readers have occasionally made me contemplate writing a new book in English on the same subject. Encouraging support of this idea from the Kluwer Editors Fred Hillier and Gary Folven finally convinced me to go ahead with the project. The result is this new book, which in many ways differs from its Swedish prede cessor. Some differences are due to recent developments in inventory control. Fur thermore, this new book is in a sense more theoretical. In particular, it is to a larger extent focused on creating a good basic understanding of different possible ap proaches when analyzing inventory models.