Download or read book Inventory Planning with Innovation written by Sanjay Sharma and published by CRC Press. This book was released on 2021-03-24 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inventory Planning with Innovation: A Cost Focus discusses inventory planning concepts with major emphasis on innovation to reduce cost in a single volume. Provides an understanding of innovation efforts and linking it with inventory planning in reducing cost. Offers various factors influencing innovation efforts, knowledge of investment or expenditure that might be estimated before starting the innovation efforts, purchase inventory, and the manufacturing inventory. Covers important concepts including innovation efforts, strategic period, procurement inventory, total cost estimation, production inventory, related total cost planning, multiple products, multiple items procurements, and multiple items manufacture. This reference is primarily written for senior undergraduate, graduate students, and professionals in the field of industrial engineering, production engineering, and manufacturing science.
Download or read book Inventory Classification Innovation written by Russell Broeckelmann and published by CRC Press. This book was released on 1998-10-28 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: All Inventory is not created equal. Inventory classification is the backbone of distribution profitability. Important inventory management criteria such as customer service level, margin, days supply and EOQ can not be applied across the board by vendor or product category. Therefore, different types of items must be managed differently. Inventory Classification Innovation: Paving the Way for Electronic Commerce and Vendor Managed Inventory takes a quantum leap forward and explores inventory classification techniques used successfully in large multi-branch distribution for over 25 years. In his book Broeckelmann develops the innovative concepts of Type and Stock Code classifications. Type classification is based on the fundamental characteristics of an SKU - Cost and Demand. The author details a proven method of segmenting inventory by cost and demand to recognize the difference in SKUs; thereby allowing appropriate classification and the ability to treat different SKUs differently. Type allows implementation of the important inventory management criteria to classes of items that are homogeneous, independent of vendor or product category. Stock Code deals with the quantitative/subjective differences of how a product could be purchased and distributed in a multi-branch environment. Stock Code ignores vendor and product categories and allows purchasing and distribution based on item fundamentals such as 'required inventory' and 'central warehouse stock only', etc. Timing is critical. Don't rely on ineffective ABC methods, or worse try to reinvent the wheel for e-commerce. This book presents a new and unique method for inventory management and pricing matrix development to meet the needs of the virtual marketplace. You will find the techniques to start thinking beyond the one-size-fits-all approach of the ABC Inventory Method, and begin using the innovative Type & Stock Method. Inventory Classification Innovation truly paves the way for electronic commerce and Vendor Managed Inventory.
Download or read book Inventory Management written by Mohamad Y. Jaber and published by CRC Press. This book was released on 2009-08-11 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: As markets become more dynamic and competitive, companies must reconsider how they view inventory and make changes to their production and inventory systems. They must begin to think outside the classical box and develop a new paradigm of inventory management. Exploring the trend away from classical models based on economic order quantities to depe
Download or read book SCM Innovation for Business Globalization Based on Coupling Point Inventory Planning written by Koshichiro Mitsukuni and published by . This book was released on 2006 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Next Generation Supply Chains written by Rosanna Fornasiero and published by Springer Nature. This book was released on 2020-12-31 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access book explores supply chains strategies to help companies face challenges such as societal emergency, digitalization, climate changes and scarcity of resources. The book identifies industrial scenarios for the next decade based on the analysis of trends at social, economic, environmental technological and political level, and examines how they may impact on supply chain processes and how to design next generation supply chains to answer these challenges. By mapping enabling technologies for supply chain innovation, the book proposes a roadmap for the full implementation of the supply chain strategies based on the integration of production and logistics processes. Case studies from process industry, discrete manufacturing, distribution and logistics, as well as ICT providers are provided, and policy recommendations are put forward to support companies in this transformative process.
Download or read book The Role of Innovation Efficiency and Labor Productivity in Inventory Turnover Performance written by Jianer Zhou and published by . This book was released on 2015 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: Intangible resources play an increasingly influential role in today's business operations, but how they affect inventory management remains underexplored in the literature. This paper associates a firm's inventory-turnover performance with its capabilities of utilizing the intangible resources of innovation and human capital, approximated here by innovation efficiency and labor productivity, respectively. Using a dataset of all non-service U.S. public firms, we show that inventory turnover is positively correlated with both measures and that the vintage of innovations weakens the effect of innovation efficiency on inventory turnover. Our industry-level analysis suggests the existence of a learning-curve effect (innovative firms are more skillful in managing inventory turnover) and of an innovation spillover effect (firms in an innovative industry are more likely to have a superior inventory performance).
Download or read book Supply Chain Management and Logistics written by Zhe Liang and published by CRC Press. This book was released on 2018-10-08 with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt: Designed by practitioners for practitioners, Supply Chain Management and Logistics: Innovative Strategies and Practical Solutions provides a wide-spectrum resource on many different aspects involved in supply chain management, including contemporary applications. With contributions from leading experts from all over the world, the book includes innovative strategies and practical solutions that address problems encountered by enterprise in management of supply chain and logistics. It details general techniques and specific approaches to a broad range of important, inspiring, and unanswered questions in the field. The book is organized around four major research themes in supply chain management: 1) supply chain strategy and coordination, 2) supply chain network optimization, 3) inventory management in supply chain, and 4) financial decisions in supply chain. The sequence of these themes helps transition from an enterprise-wide framework to network design to operational management to financial aspects of the supply chain. Each individual theme also addresses the answer to a challenging question as to how to go about applying quantitative tools to real-life operations, resulting in practical solutions. As the world moves toward more competitive and open markets, effective supply chain management is of critical importance to the success or failure of an enterprise. Despite a large amount of research achieved in the past decades on the supply chain management topic, many researchers and practitioners are still devoting considerable efforts on the emerging new problems. Designed to give you a collection of topics that bridge the gap between the academic arena and industrial practice, the book supplies a contemporary and up-to-date review on the advanced theory, applications, and practices of supply chain management, making it a rich resource for the design, analysis, and implementation of supply chain management problems arising in a wide range of industries.
Download or read book JOURNAL OF OPERATIONS MANAGEMENT written by and published by . This book was released on 1980 with total page 594 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Hands On Inventory Management written by Ed C. Mercado and published by CRC Press. This book was released on 2007-12-13 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using a clear, organized, and accessible building block approach to managing inventory, this volume offers complete coverage of the basic concepts, calculations, and techniques of inventory. These fundamental techniques, which can be easily applied to handle problems in the workplace, are used to demonstrate current concepts such as lean principles and continuous improvement. Numerous case studies from a variety of industries are provided to illustrate concepts. Additional topics presented include types of inventory, inventory transactions, bills of materials, planning and replenishment, storage and physical control, and supply chain management and technology.
Download or read book AI in Inventory Management written by Veena N and published by Independently Published. This book was released on 2024-06-24 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Welcome to the future of inventory management. In an era where every aspect of business is being transformed by technology, artificial intelligence stands out as a revolutionary force. This book delves into the intersection of AI and inventory management, offering a comprehensive guide on how AI can optimize, streamline, and revolutionize your approach to handling inventory. Effective inventory management has always been crucial for businesses striving to maintain profitability while meeting customer demands. Traditionally, this has been a challenging task, fraught with complexities such as forecasting demand, managing supply chains, and minimizing costs without compromising service levels. Now, with the advent of AI technologies, these challenges present opportunities for innovation and efficiency like never before. In "AI in Inventory Management: Revolutionizing Inventory Management with Artificial Intelligence," we explore various concepts including how AI-driven solutions can enhance forecasting accuracy, optimize inventory levels, automate supply chain process and predictive maintenance. This book is designed for business leaders, supply chain managers, and technology enthusiasts alike including beginners, providing practical insights through "How it Works!" practically illustrated scenarios, and implementation strategies to harness the power of AI in transforming your inventory management practices. Whether you are new to AI or already exploring its possibilities, "AI in Inventory Management" will equip you with the knowledge and tools needed to leverage AI effectively, stay competitive in a rapidly evolving market, and achieve sustainable growth. Join us on this journey into the future of inventory management, where AI isn't just a tool but a catalyst for innovation and success.
Download or read book Manufacturing Planning and Inventory Control written by Matt Drake and published by . This book was released on 2014-03-15 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years both business and consumer customers have increased their demands on suppliers with respect to the desire for customized products and services and shorter lead times. Suppliers must find a way to satisfy these increasing demands in a cost effective way. The main challenge is to ensure supply availability while keeping inventory costs low. Many firms have been able to maintain their competitive position in the global marketplace by streamlining their manufacturing processes and employing innovative inventory control strategies to minimize inventory investment. The success of these strategies requires internal coordination between the firm's functional areas as well as external coordination with major customers and component suppliers. This book will introduce readers at all levels of experience to cutting-edge methods and strategies for manufacturing planning and inventory control through the discussion of current research and case study vignettes from companies in every corner of the world. The book also adheres to the APICS Body of Knowledge, which makes it a valuable resource for those participating in the Certified in Production and Inventory Management (CPIM) or Certified Supply Chain Professional (CSCP) programs.
Download or read book Distribution written by David Frederick Ross and published by Springer Science & Business Media. This book was released on 1995-11-30 with total page 808 pages. Available in PDF, EPUB and Kindle. Book excerpt: It has been said that every generation of historians seeks to rewrite what a previous generation had established as the standard interpretations of the motives and circumstances shaping the fabric of historical events. It is not that the facts of history have changed. No one will dispute that the battle of Waterloo occurred on June 11, 1815 or that the allied invasion of Europe began on June 6, 1944. What each new age of historians are attempting to do is to reinterpret the motives of men and the force of circumstance impacting the direction of past events based on the factual, social, intellectual, and cultural milieu of their own generation. By examining the facts of history from a new perspective, today's historians hope to reveal some new truth that will not only illuminate the course of history but also validate contempo rary values and societal ideals. Although it is true that tackling the task of developing a new text on logistics and distribution channel management focuses less on schools of philosophical and social analysis and more on the calculus of managing sales campaigns, inventory replenishment, and income statements, the goal of the management scientist, like the historian, is to merge the facts and figures of the discipline with today's organizational, cultural, and economic realities. Hopefully, the result will be a new synthesis, where a whole new perspective will break forth, exposing new directions and opportunities.
Download or read book Foundations of Stochastic Inventory Theory written by Evan L. Porteus and published by Stanford University Press. This book was released on 2002 with total page 330 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book has a dual purpose?serving as an advanced textbook designed to prepare doctoral students to do research on the mathematical foundations of inventory theory, and as a reference work for those already engaged in such research. All chapters conclude with exercises that either solidify or extend the concepts introduced.
Download or read book Inventory Planning with Forecasting Expenditure written by Sanjay Sharma and published by CRC Press. This book was released on 2022-03-07 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: In industrial or business cases, purchasing and procurement are significant functions. Usually, a procurement plan is prepared based on certain predictions of consumption patterns or demand. When this plan is implemented, the benefit is obtained corresponding to forecast accuracy. In the available literature, forecasting accuracy is frequently discussed. A need is established to link forecasting accuracy with forecasting expenditures. After an explicit inclusion of the forecasting expenditure, this book describes inventory planning for procurement and production. FEATURES Discusses forecasting expenditure in detail Provides an analysis of reduction and increase in forecasting expenditures Highlights advanced concepts that include procurement inventory, production planning, and priority planning in detail Examines an approach in relation to the inclusion of an explicit cost of forecasting Covers total cost formulation, modified total cost, relevant index, threshold value, and cost of forecasting in a comprehensive manner with the help of examples Inventory Planning with Forecasting Expenditure is useful for undergraduate and postgraduate students in engineering and management and has potential for elective and supplementary core courses.
Download or read book The Definitive Guide to Inventory Management written by CSCMP and published by Pearson Education. This book was released on 2014-03-19 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: Master and apply both the technical and behavioral skills you need to succeed in any inventory management role or function! Now, there’s an authoritative and comprehensive guide to best-practice inventory management in any organization. Authored by world-class experts in collaboration with the Council of Supply Chain Management Professionals (CSCMP), this text illuminates planning, organizing, controlling, directing, motivating and coordinating all the activities used to efficiently control product flow. The Definitive Guide to Inventory Management covers long-term strategic decisions; mid-term tactical decisions; and even short-term operational decisions. Topics discussed include: Basic inventory management goals, roles, concepts, purposes, and terminology Key inventory management elements, processes, and interactions Principles/strategies for establishing efficient and effective inventory flows Using technology in inventory planning and management New approaches to inventory reduction: postponement, vendor-managed inventories, cross-docking, and quick response systems Trade-offs between inventory and transportation costs, including carrying costs Requirements and challenges of global inventory management Best practices, metrics, and frameworks for assessing inventory management performance
Download or read book Logistics and Supply Chain Innovation written by Henk Zijm and published by Springer. This book was released on 2015-09-01 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt: This contributed volume presents state-of-the-art advances in logistics theory in various fields as well as case studies. The book reports on a number of recently conducted studies in the Dinalog and the EffizienzCluster LogistikRuhr, thus bridging the gap between different perspectives of theoretical and applied research. A selection of theoretical topics, practical examples, case studies and project reports is presented in this volume. The editors carefully selected contributions from a wide variety of projects, which were carried out in both the Dinalog cluster and the Effizienzcluster LogistikRuhr. The contributions are grouped in five main sections, each representing key domains in the evolution of logistics and supply chain management: sustainability, urban logistics, value chain management, IT-based innovation, knowledge management. This book is intended for both researchers and practitioners in the field of logistics and supply chain management, to serve as an important source of information for further research as well as to stimulate further innovation.
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.
