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Replenishment In An Integrated Stock World
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Book Synopsis Replenishment in an Integrated Stock World by : Manuel Martinez Puppo
Download or read book Replenishment in an Integrated Stock World written by Manuel Martinez Puppo and published by . This book was released on 2019 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: As part of Zara's omnichannel strategy, stock integration between online and offline channels has become a major focus of its operations. Within this context, Zara aims to achieve a channel agnostic stock offering to maximize value across channels. This thesis focuses on the algorithmic design of an integrated system to make replenishment decisions across channels, namely, understanding the value of using online demand to replenish traditional stores to reduce operational costs and improve customer experience. The proposed solution is an optimization-based heuristic that calculates the target stock through the base stock inventory model. Low-online-forecast items are allocated to e-commerce warehouses to ensure the equal risk of local stockouts. High-online-forecast items are allocated across both stores and e-commerce warehouses, trading off the expected value from getting closer to the customer, and the risks and extra costs of inventory decentralization. High-online-forecast items allocation consists of a two-step procedure. First, the effective operational capacity of each location is estimated through simulation. The effective operational capacity is the maximum number of units that can be fulfilled from a location minus the expected number of units fulfilled with in-store excess stock. Second, the optimal allocation of the online base stock to locations is obtained through a stochastic linear program. The heuristic was compared in a small-scale scenario with the clairvoyant full formulation of the problem. The heuristic underperformed the full formulation by 10.3%. In a realistic scale scenario, the heuristic outperformed the single channel approach by 3.5%. Furthermore, a 4.5% improvement was obtained through a 5x increase in the online order preparation capacity. Such a capacity expansion is not only inexpensive but highly encouraged to extract the maximum value from the heuristic.
Book Synopsis My World of Integrated Supply and Alliances by : Mort Harris
Download or read book My World of Integrated Supply and Alliances written by Mort Harris and published by Langdon st Press. This book was released on 2011-05-02 with total page 347 pages. Available in PDF, EPUB and Kindle. Book excerpt: Compiling a wealth of knowledge gained over more than forty years in business, author Mort Harris explains the processes, protocols, and techniques needed to improve your company's supply chain. You'll learn from the successes and mistakes Harris experienced both in the field and while negotiating million-dollar contracts. The business world is changing and new solutions are required to satisfy ever more demanding customers and ever more intense competition. If you want to survive in today's marketplace, you'll need to drop the "traditional" purchasing and selling methods that originated in the 1960s. While some businesses and CEOs fear it, Harris provides all the facts and stats you'll need to understand integrated supply, and why you need it. Soon your company will be operating more efficiently, more effectively, and more profitably. In addition to a history of integrated supply over the past forty years, My World of Integrated Supply and Alliances outlines different inventory management programs that an integrated supply distributor offers, such as: bin-stock replenishment, JIT, VMI, consignment, kanban, and many more. Known across North America as an expert in supply chain management and integrated supply, Harris has spoken to over 250 corporations, offering the insights he has gained as president of multiple companies and associations. Now you, too, can learn from one of the most well-respected advocates of integrated supply. Book jacket.
Book Synopsis Demand-Driven Inventory Optimization and Replenishment by : Robert A. Davis
Download or read book Demand-Driven Inventory Optimization and Replenishment written by Robert A. Davis and published by John Wiley & Sons. This book was released on 2016-01-19 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: Remove built-in supply chain weak points to more effectively balance supply and demand Demand-Driven Inventory Optimization and Replenishment shows how companies can support supply chain metrics and business initiatives by removing the weak points built into their inventory systems. Beginning with a thorough examination of Just in Time, Efficient Consumer Response, and Collaborative Forecasting, Planning, and Replenishment, this book walks you through the mathematical shortcuts set up in your management system that prevent you from attaining supply chain excellence. This expanded second edition includes new coverage of inventory performance, business verticals, business initiatives, and metrics, alongside case studies that illustrate how optimized inventory and replenishment delivers results across retail, high-tech, men's clothing, and food sectors. Inventory optimization allows you to avoid out-of-stock situations without impacting the bottom line with excessive inventory maintenance. By keeping just the right amount of inventory on hand, your company is better able to meet demand without sacrificing the cost-effectiveness of other supply chain strategies. The trick, however, is determining "just the right amount"—and this book provides the background and practical guidance you need to do just that. Examine the major supply chain strategies of the last 30 years Remove the shortcuts that prohibit supply chain excellence Optimize your supply/demand balance in any vertical Overcome systemic weaknesses to strengthen the bottom line Inventory optimization is benefitting companies around the world, as exemplified here by case studies involving Matas, PWT, Wistron, and Amway. When inefficiencies are built into the system, it's only smart business to identify and remove them—and implement a new streamlined process that runs like a well-oiled machine. Demand-Driven Inventory Optimization and Replenishment is an essential resource for exceptional supply chain management.
Book Synopsis The Impact of Automatic Store Replenishment on Retail by : Alfred Angerer
Download or read book The Impact of Automatic Store Replenishment on Retail written by Alfred Angerer and published by Springer Science & Business Media. This book was released on 2007-12-15 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: Drawing on several interviews and a comprehensive statistical analysis, Alfred Angerer proves the effectiveness of such ASR systems. The following questions are adressed: Which types of ASR system exist? What are the exact benefits of ASR systems? Which variables influence the ASR performance? Which ASR system is best suited for each product? How does a company best implement ASR systems?
Book Synopsis Inventory Management with Alternative Delivery Times by : Xiaoying Liang
Download or read book Inventory Management with Alternative Delivery Times written by Xiaoying Liang and published by Springer. This book was released on 2016-11-24 with total page 110 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book develops a modeling framework to analyze the problem of inventory management with alternative delivery times. The general context considered here is that a seller replenishes its inventory in fixed intervals and, between replenishments, allocates the limited inventory to satisfy customers who are both price and delivery-time sensitive. On the demand side, customers have heterogeneous delivery-time requirements and choose either spot or late delivery. This theoretical modeling captures the essence of real-world business practices such as the delivery time market segmentation strategy adopted by automobile dealerships in China and many other similar examples. The book focuses on the seller’s optimal inventory replenishment and demand fulfillment policies, and our results provide managerial insights into the merits of flexible delivery-time options. Similar applications such as the group-buying mechanism are also examined. The main mathematical tool used in theoretical analysis is dynamic programming. This book is written for students, researchers, and practitioners in the areas of operations management and industrial engineering who are interested in understanding the rationale of flexible delivery times and designing successful applications.
Book Synopsis On Replenishment Rules, Forecasting, and the Bullwhip Effect in Supply Chains by : Stephen M. Disney
Download or read book On Replenishment Rules, Forecasting, and the Bullwhip Effect in Supply Chains written by Stephen M. Disney and published by Now Publishers Inc. This book was released on 2008 with total page 95 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this review we focus on supply coordination and use the bullwhip effect as the key example of supply chain inefficiency. We emphasize the managerial relevance of the bullwhip effect and the methodological issues so that both managers and researchers can benefit.
Download or read book Materials Management written by Prem Vrat and published by Springer. This book was released on 2014-08-26 with total page 420 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the problem of managing the flow of materials into, through, and out of a system in order to improve the efficiency and effectiveness of materials management. The subject is crucial for global competitive advantage, as materials constitute the largest single cost factor in manufacturing and service, and their effective management enhances value for money. In this context, inventory is a barometer of materials management effectiveness, along with wastage of materials. The book adopts a comprehensive, integrated systems approach and covers almost all aspects of materials, considering the specification, procurement, storage, handling, issue, use and accounting of materials to get the most out of every dollar invested. Combining conceptual clarity and quantitative rigor, it will be a highly useful guide for practicing managers, academics and researchers in this vital functional area.
Book Synopsis Demand Analysis and Inventory Control by : Colin David Lewis
Download or read book Demand Analysis and Inventory Control written by Colin David Lewis and published by . This book was released on 1975 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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 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 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: The definitive guide to the latest tools & techniques for achieving performance excellence in manufacturing, distribution, and planning Now completely revised and expanded, World Class Production and Inventory Management presents the latest information on the unique tools and techniques needed to manage the planning and production of a manufacturing enterprise. Including a completely new chapter on Efficient Consumer Response (ECR), updated case studies, and additional information on manufacturing integration, this comprehensive reference includes: Step-by-step implementation techniques in each key area of production and inventory management Fresh perspectives on manufacturing integration and multiple demand stream management Best-in-class examples from companies such as Abbott Laboratories, Boeing, and Martin Marietta Proven guidelines for avoiding the most common problems and for achieving continually higher levels of performance Self-assessment questions helpful in measuring the performance of your company in each operating area Comprehensive and accessible, World Class Production and Inventory Management is an invaluable resource for APICS members seeking CPIM certification, as well as for all those in charge of managing a successful manufacturing enterprise.
Book Synopsis Continuous Replenishment Programme Implementation Guideline by : Hong Kong Article Numbering Association
Download or read book Continuous Replenishment Programme Implementation Guideline written by Hong Kong Article Numbering Association and published by . This book was released on 2001 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Collaboration in a Hyperconnected World by : Hamideh Afsarmanesh
Download or read book Collaboration in a Hyperconnected World written by Hamideh Afsarmanesh and published by Springer. This book was released on 2016-09-19 with total page 666 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book constitutes the refereed proceedings of the 17th IFIP WG 5.5 Working Conference on Virtual Enterprises, PRO-VE 2016, held in Porto, Portugal, in October 2016. The 57 revised papers were carefully reviewed and selected from 148 submissions. They provide a comprehensive overview of identified challenges and recent advances in various collaborative network (CN) domains and their applications, with a strong focus on the following areas: hyperconnected systems, managing data and knowledge, networked business processes, collective intelligence and decision making, creating supply and production networks, operating and management of networks, collaborative engineering, product services, intelligent product ecosystems, product personalization, service orientation, cloud technology aspects for VOs, design science research, business models in hyperconnected context, agribusiness value chain, and collaborative networks in circular economy.
Book Synopsis Surviving Supply Chain Integration by : National Research Council
Download or read book Surviving Supply Chain Integration written by National Research Council and published by National Academies Press. This book was released on 2000-03-23 with total page 162 pages. Available in PDF, EPUB and Kindle. Book excerpt: The managed flow of goods and information from raw material to final sale also known as a "supply chain" affects everythingâ€"from the U.S. gross domestic product to where you can buy your jeans. The nature of a company's supply chain has a significant effect on its success or failureâ€"as in the success of Dell Computer's make-to-order system and the failure of General Motor's vertical integration during the 1998 United Auto Workers strike. Supply Chain Integration looks at this crucial component of business at a time when product design, manufacture, and delivery are changing radically and globally. This book explores the benefits of continuously improving the relationship between the firm, its suppliers, and its customers to ensure the highest added value. This book identifies the state-of-the-art developments that contribute to the success of vertical tiers of suppliers and relates these developments to the capabilities that small and medium-sized manufacturers must have to be viable participants in this system. Strategies for attaining these capabilities through manufacturing extension centers and other technical assistance providers at the national, state, and local level are suggested. This book identifies action steps for small and medium-sized manufacturersâ€"the "seed corn" of business start-up and developmentâ€"to improve supply chain management. The book examines supply chain models from consultant firms, universities, manufacturers, and associations. Topics include the roles of suppliers and other supply chain participants, the rise of outsourcing, the importance of information management, the natural tension between buyer and seller, sources of assistance to small and medium-sized firms, and a host of other issues. Supply Chain Integration will be of interest to industry policymakers, economists, researchers, business leaders, and forward-thinking executives.
Download or read book The Traffic World written by and published by . This book was released on 2003 with total page 586 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis A Dynamic Replenishment System for Integrating Supply Chain Warehousing and Transportation Functions by : Ghazi M. Magableh
Download or read book A Dynamic Replenishment System for Integrating Supply Chain Warehousing and Transportation Functions written by Ghazi M. Magableh and published by . This book was released on 2004 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Cases on Performance Measurement and Productivity Improvement: Technology Integration and Maturity by : Khosrow-Pour, Mehdi
Download or read book Cases on Performance Measurement and Productivity Improvement: Technology Integration and Maturity written by Khosrow-Pour, Mehdi and published by IGI Global. This book was released on 2012-08-31 with total page 546 pages. Available in PDF, EPUB and Kindle. Book excerpt: One of the main aspects of an organization is the efficiency of managerial concerns, daily interactions and the design and implementation of its business system. Therefore, integrating the latest technology is vital in assisting in the performance and productivity improvement of an organization. Cases on Performance Measurement and Productivity Improvement: Technology Integration and Maturity highlights the successes and failures which have shaped the modern business as well as the technological solutions taken to improve the organizational system. Providing essential research on these applied innovations, this collection of case studies appeals to both academics and practitioners in the business and IT management fields.
Book Synopsis A Smoothing Replenishment Policy with Endogenous Lead Times by : Robert N. Boute
Download or read book A Smoothing Replenishment Policy with Endogenous Lead Times written by Robert N. Boute and published by . This book was released on 2005 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
