Download or read book In process Inventory Control in a Multi stage Manufacturing Process Subject to Large Fluctuations in Lost Production written by Thomas Quinn LeBrun and published by . This book was released on 1959 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Production and Inventory Control of a Multi item Multi stage Manufacturing System written by Syed Zia Abbas Rizvi and published by . This book was released on 2009 with total page 111 pages. Available in PDF, EPUB and Kindle. Book excerpt: The project work presented in this thesis has proposed solutions related to the control of production and work-in-process inventory in a multi-item multi-stage manufacturing system. A suitable base-stock inventory control policy is recommended to ensure that the desired service levels are maintained between production stages and for the final customers. Concept of coupling the production lines though coupling-stock under suitable assumptions is then introduced to reduce the stock levels at certain consecutive production stages. A framework for demand seasonality and characteristic analysis is also established to enable the inventory control policy to respond to seasonal variations. Monte Carlo simulation was performed on a model of chain of production stages controlled under base-stock policy for the verification of results and to study the effects of stock-outs on base-stock levels. The results of simulation study showed that overall system performance is satisfactory and desired service levels were achieved. Simulation work was also carried out to validate the line coupling concept and its performance under certain conditions. A novel Kanban based visual management system design, which is aligned with the requirements of inventory control policy, along with the material transfer batch sizes between production stages is proposed to facilitate the implementation of inventory control policy. Furthermore, capacitated shipment planning approach is proposed and implemented in form of a spreadsheet-based interface to aid planning personnel in shipment planning under the constraints provided by the inventory control policy.
Download or read book Multi Stage Production Planning and Inventory Control written by Sven Axsäter and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper treats a two-echelon inventory system. The higher echelon is a single location reffered to as the depot, which places orders for supply of a single com modity. The lower echelon consists of several points, called the retailers, which are supplied by shipments from the depot, and at which random demands for the item occur. Stocks are reviewed and decisions are made periodically. Orders and/or shipments may each require a fixed lead time before reaching their respective desti nations. Section II gives a short literature review of distribution research. Section III introduces the multi-echelon distribution system together with the underlying as sumptions and gives a description of how this problem can be viewed as a Markovian Decision Process. Section IV discusses the concept of cost modifications in a distribution context. Section V presents the test-examples together with their optimal solutions and also gives the characteristic properties of these optimal solutions. These properties then will be used in section VI to give adapted ver sions of various heuristics which were used in assembly experiments previously and which will be tested against the test-examples.
Download or read book Analyzing Tradeoffs Between Working Capital and Production Capacity for Multi stage Manufacturing Processes written by Karim Kamareddine and published by . This book was released on 2016 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: Large pharmaceutical companies struggle to find innovative ways to reduce work-in-process inventory in their production facilities. In our research, we focus on the tradeoff between inventory and production capacity through investing in new facilities and equipment. This tradeoff will depend on the company's objectives and what it is willing to give up in return for reducing inventory. We found that increasing capacity to reduce work-in-process inventory by investing in new facilities is not always the most favorable approach in terms of net present value. However, for flexibility or lead-time improvements, it may make sense to proceed with the investment. We developed multiple scenarios considering the company's future plans to reduce inventory or grow. These scenarios provide insights into the factors that improve the attractiveness of the investments and those that do not. Our financial analysis along with the guidelines and procedures that we have developed help the sponsor company most effectively reach its goal to reduce its work in process inventory.
Download or read book Multi level Production inventory Control Systems written by Leroy B. Schwarz and published by North Holland. This book was released on 1981 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Inventory Record Accuracy written by Roger B. Brooks and published by John Wiley & Sons. This book was released on 2008-03-31 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: Praise for INVENTORY RECORD ACCURACY "This updated version of Inventory Record Accuracy preserves its humorous and easy-to-read style. Supply chain practitioners, in traditional or lean manufacturing, will find it a helpful guide. Cleverly outlined, the rigorous yet simple process for both on-hand and on-order inventory provides accuracy levels required for real-time data systems." -Maria Teodorovic, Quality Systems Manager Weyerhaeuser Corporation "Inventory Record Accuracy is truly a practitioner's guide. The book's collection of anecdotes provides real-life insight into the potential challenges of achieving IRA, and the combination of an easy-to-read text and simple drawings makes this book an easy road map to follow on the proven path to higher inventory record accuracy." -John Dietz, Director, Manufacturing Resource Planning Lockheed Martin Space Systems "Brooks and Wilson are the experts on inventory record accuracy. Inventory Record Accuracy goes right to the core of the issues without a lot of soft-soaping. Every materials manager, stockroom manager, and cycle counting supervisor should have a copy within arm's reach." -Adrian R. Barrett, 6 Sigma Master Black Belt Caterpillar, Inc. "Excellent coverage of a fundamentally important topic. By far, the best book on the subject I've ever read. The three-phase approach to inventory record accuracy should be required reading for all manufacturing managers." -Edward W. Davis, Professor of Business AdministrationThe Darden School, University of Virginia
Download or read book Best Practice in Inventory Management written by Antony Wild and published by Routledge. This book was released on 2002 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt: Covering both the principles and practice of stock control, Antony Wild's guide presents practical ideas for businesses that need to improve their control and reduce their excessive inventories.
Download or read book Zero Inventories written by Robert Hall (professeur).) and published by McGraw-Hill. This book was released on 1983 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: Zero Inventories is the definitive work on JIT! It is written for the key people in industry--managers, engineers, staff professionals and foremen, showing how to solve inventory problems and achieve stockless production. Its wide range of topics include: forecasting and inventory control methods; material requirements planning; systems for scheduling operations in manufacturing, procurement, logistics and project planning; systems for master scheduling and corporate planning; organizational problems of installing and managing new systems.
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:
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.
Download or read book Inventory Management Demystified written by A.D. Dear and published by Springer Science & Business Media. This book was released on 1990-02-28 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite the widespread use of computer based inventory control systems, most companies are aware that they often cannot meet their customer demand, while still suspecting that their stock levels are higher than they should be.
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.
Download or read book An Introduction to Production and Inventory Control written by R. N. van Hees and published by . This book was released on 1972 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Production and Inventory Control Theory and Practice written by R. N. van Hees and published by . This book was released on 1972 with total page 396 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Readings in Zero Inventory written by American Production and Inventory Control Society. International Conference and published by American Production & Inventory Control Society. This book was released on 1984 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Production and Inventory Control Handbook written by James Harnsberger Greene and published by . This book was released on 1970 with total page 1114 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Production and Inventory Management with Substitutions written by J. Christian Lang and published by Springer Science & Business Media. This book was released on 2009-11-25 with total page 271 pages. Available in PDF, EPUB and Kindle. Book excerpt: Quantitativeapproachesforsolvingproductionplanningandinventorymanagement problems in industry have gained growing importance in the past years. Due to the increasinguse of AdvancedPlanningSystems, a widespreadpracticalapplicationof the sophisticated optimization models and algorithms developed by the Production Management and Operations Research community now seem within reach. The possibility that productscan be replaced by certain substitute productsexists in various application areas of production planning and inventory management. Substitutions can be useful for a number of reasons, among others to circ- vent production and supply bottlenecks and disruptions, increase the service level, reduce setup costs and times, and lower inventories and thereby decrease ca- tal lockup. Considering the current trend in industry towards shorter product life cycles and greater product variety, the importance of substitutions appears likely to grow. Closely related to substitutions are ?exible bills-of-materials and recipes in multi-level production systems. However, so far, the aspect of substitutions has not attracted much attention in academic literature. Existing lot-sizing models matching complex requirements of industrial optimization problems (e.g., constrained capacities, sequence-dependent setups, multiple resources) such as the Capacitated Lot-Sizing Problem with Sequence-Dependent Setups (CLSD) and the General Lot-Sizing and Scheduling Problem for Multiple Production Stages (GLSPMS) do not feature in substitution options.
