Download or read book Real Time Omnichannel Fulfillment Optimization written by Zuguang Gao and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: To successfully implement an omnichannel fulfillment strategy, it is important to protect offline customers from stock-outs due to over-fulfillment of online customers. A natural question is when to fulfill online orders by using in-store inventory. In practice, retailers usually implement a so-called booking limit algorithm that imposes a threshold (i.e., booking limit) on the maximum number of online orders of a product that can be fulfilled from stores, and this booking limit is usually static. In this paper, we aim to theoretically quantify the performance of online booking limit algorithms in the context of omnichannel fulfillment. We first prove that for the continuous version of the problem where partial fulfillment is allowed, a booking limit algorithm with static booking limits can achieve tight competitive ratio when initial inventory is identical across stores, which extends the celebrated tightness result of booking limit algorithms in the context of single-leg two-fare revenue management studied by Ball and Queyranne (2009) from one dimension to higher dimensions. We then show that static booking limit algorithms cannot achieve tight competitive ratio when initial inventory is non-identical even for the two-store setting, and develop a more sophisticated algorithm where booking limits can be adjusted over time based on realized demands via solving a math program. This adaptive booking limit algorithm can achieve tight competitive ratio. To extend our analysis and algorithm to the discrete setting, we propose a novel online rounding scheme, and prove that the expected profit of this “randomized booking limit” algorithm exactly matches the corresponding deterministic fractional algorithm. Finally, we conduct a concise numerical study to demonstrate the performance of booking limit algorithms under realistic (non-worst-case) demand sequences.

Download or read book Operations in an Omnichannel World written by Santiago Gallino and published by Springer Nature. This book was released on 2019-10-15 with total page 353 pages. Available in PDF, EPUB and Kindle. Book excerpt: The world of retailing has changed dramatically in the past decade. Sales originating at online channels have been steadily increasing, and even for sales transacted at brick-and-mortar channels, a much larger fraction of sales is affected by online channels in different touch points during the customer journey. Shopper behavior and expectations have been evolving along with the growth of digital channels, challenging retailers to redesign their fulfillment and execution processes, to better serve their customers. This edited book examines the challenges and opportunities arising from the shift towards omni- channel retail. We examine these issues through the lenses of operations management, emphasizing the supply chain transformations associated with fulfilling an omni-channel demand. The book is divided into three parts. In the first part, “Omni-channel business models”, we present four studies that explore how retailers are adjusting their fundamental business models to the new omni-channel landscape. The second part, “Data-driven decisions in an omni-channel world”, includes five chapters that study the evolving data opportunities enabled by omni-channel retail and present specific examples of data-driven analyses. Finally, in the third part, “Case studies in Omni-channel retailing”, we include four studies that provide a deep dive into how specific industries, companies and markets are navigating the omni-channel world. Ultimately, this book introduces the reader to the fundamentals of operations in an omni-channel context and highlights the different innovative research ideas on the topic using a variety of methodologies.

Download or read book Omni Channel Retail and the Supply Chain written by Paul Myerson and published by CRC Press. This book was released on 2020-11-25 with total page 283 pages. Available in PDF, EPUB and Kindle. Book excerpt: Omni-Channel Retail and the Supply Chain The days of going to the local department store to buy a television, view the options available, and make a purchase now seem "quaint." The emergence of the internet, smartphones, social media, and other technologies has opened a world of new options for consumers (and businesses) to review, research, and buy online with an ever-increasing array of delivery options. The emergence of e-commerce has resulted in what is commonly known today as "omni-channel" marketing, in which customers engage with companies in a variety of ways, including in a physical store or online via websites and mobile apps. This process puts the supply chain "front and center," as consumers are increasingly demanding and browsing, buying, and returning goods through various channels, not just the traditional "brick and mortar" way. To accomplish this with high levels of service while remaining profitable requires real-time visibility of inventory across the supply chain and a single view of consumers as they continuously move from one channel to another. While this is a boon to consumers, it has made the already complex global supply chain even more challenging to manage. On top of that, the 2020 Covid19 pandemic has accelerated this omni-channel retail trend, as consumers need even more ways to order and additional options for last-mile delivery, such as curbside pickup. Covid19 has exposed a lack of flexibility and readiness, resulting in shortages of everything from toilet paper and meats to personal protective equipment (PPE) and ventilators. It has been a real-life example of the "bullwhip effect," where variability at the consumer end of the supply chain results in increased variability as one goes upstream towards distributors, manufacturers, and suppliers. This results in shortages, misallocations, and increased costs. No longer can a manufacturer, distributor, or retailer of consumer products just "fill the pipeline" and wait for orders to come in. Now, they must anticipate various purchases and delivery items, while at the same time minimizing costs. To do this is no easy task, requiring a Lean, agile, and responsive supply chain. Until now, there was no existing "playbook" for organizations to navigate their way through this new world. This book describes the impact of omni-channel marketing on the supply chain and logistics functions, and is intended to help management meet the needs of not only today’s ever-changing world but to anticipate what may be required in the future to achieve superior customer service, profitability, and a competitive advantage.

Download or read book Nanotechnology written by Ron Legarski and published by SolveForce. This book was released on 2024-09-05 with total page 744 pages. Available in PDF, EPUB and Kindle. Book excerpt: Nanotechnology: From Its Origin to Present and Future Applications offers a comprehensive and detailed exploration of nanotechnology, tracing its journey from early theoretical foundations to its current and potential future applications. Written by telecommunications and technology expert Ron Legarski, this book delves into the vast possibilities nanotechnology holds across various industries, including healthcare, energy, electronics, artificial intelligence, and telecommunications. With the convergence of nanotechnology, AI, and machine learning driving innovation, this book provides readers with a deep understanding of the science behind nanoscale structures and their real-world applications. Legarski combines his expertise with practical examples and case studies to demonstrate how nanotechnology is revolutionizing industries such as medicine, renewable energy, and advanced manufacturing. Key topics covered include: The historical development and theoretical foundations of nanotechnology Breakthroughs in nanomedicine, drug delivery systems, and diagnostics Applications of nanotechnology in AI, machine learning, and quantum computing The role of nanotechnology in creating sustainable energy solutions Ethical, environmental, and regulatory considerations in the development of nanomaterials Future prospects and trends in nanotechnology innovation Perfect for professionals, students, and enthusiasts alike, Nanotechnology: From Its Origin to Present and Future Applications provides an insightful, forward-looking guide to one of the most transformative technologies of the modern era. Whether you are new to the subject or seeking a deeper understanding, this book offers valuable perspectives on the future of science, technology, and industry.

Download or read book An Introduction to Operations Management written by Ajay Das and published by Routledge. This book was released on 2015-12-22 with total page 670 pages. Available in PDF, EPUB and Kindle. Book excerpt: An Introduction to Operations Management: The Joy of Operations covers the core topics of operations management, including product and service design, processes, capacity planning, forecasting, inventory, quality, supply chain management, and project management. Das provides a clear, connected, and current view of operations management and how it relates to a firm’s strategic goals. Students will benefit from the real-world scenarios that foster an understanding of operations management tasks. Without relying heavily on statistics and mathematical derivations, the book offers applied models and a simple, predictable chapter format to make it easy to navigate. Students of introductory operations management courses will love this practical textbook. A companion website features an instructor’s manual with test questions, as well as additional exercises and examples for in-class use.

Download or read book Optimizing Omni Channel Fulfillment with Store Transfers written by Joydeep Paul and published by . This book was released on 2019 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: The presence of different distribution channels in omni-channel retail makes the fulfillment process challenging. When consumers can buy online and pick up their purchased goods at a store, the stores are often visited by a vehicle that supplies the pick-up points (PUPs) and by a vehicle that replenishes the store's inventory. We study the benefit of exploiting any spare capacity in the vehicles replenishing store inventories to reduce online order fulfillment cost by transferring online orders to these vehicles at one or more of the stores visited. This involves choosing transfer locations and the set of stores whose online orders are transferred at these locations so as to minimize the online order fulfillment cost. We present a mixed integer linear programming model as well as an effective and efficient heuristic for solving this problem. An extensive computational study shows that significant benefits can be achieved by sharing capacity across the two channels.

Download or read book Operations Management Unleashed Streamlining Efficiency and Innovation written by Dr.Garima Mathura and published by Inkbound Publishers. This book was released on 2023-08-17 with total page 421 pages. Available in PDF, EPUB and Kindle. Book excerpt: Unleash the potential of operations management with strategies to streamline efficiency and foster innovation. This book provides practical guidance for managers aiming to optimize processes and drive operational excellence.

Download or read book The Theory Methods and Application of Managing Digital Supply Chains written by Muhammad Shujaat Mubarik and published by Emerald Group Publishing. This book was released on 2024-05-21 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: Detailing the diverse aspects of digitalization in supply chain management, Digital Supply Chain Management helps business managers harness the cutting edge, guiding those early in their careers who seek a challenging new path whilst informing top-level managers who have their eye on the future.

Download or read book Supply Chain Network Design written by Nick Vyas and published by Kogan Page Publishers. This book was released on 2024-05-03 with total page 385 pages. Available in PDF, EPUB and Kindle. Book excerpt: The traditional linear supply chain is no longer fit for purpose, and organizations must redesign their supply chains to become more customer-driven, agile, resilient and sustainable. Supply Chain Network Design shows how to design intelligent, agile supply chain networks in the age of geopolitical disruptions, fast-paced technological innovation and drive for more sustainable business. It outlines how to incorporate international relations and a global perspective into supply chain planning and actions and how to embed ESG and circular economy goals. It surveys the rapidly evolving technology landscape and how it impacts some companies and provides a competitive advantage to others. It also explores how to harness technologies such as robotic process automation, AI and machine-driven intelligence and the evolution of forecasting to demand sensing to enhance network design. Taking a global perspective, Supply Chain Network Design is supported by practical cases and examples and provides a consumer-driven lens that will help organizations evolve their networks from a traditional B2B to a B2B2C workflow. Covering both lessons learned and how to move forward, this will be an must-read for supply chain, logistics and distribution leaders, managers and analysts.

Download or read book Applied Technologies written by Miguel Botto-Tobar and published by Springer Nature. This book was released on 2022-04-05 with total page 571 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume constitutes the refereed proceedings of the Third International Conference on Applied Technologies, ICAT 2021, held in Quito, Ecuador, in October 2021. The 40 papers were carefully reviewed and selected from 201 submissions. The papers are organized according to the following topics: communication; computing; e-government and e-participation; e-learning; electronics; general track; intelligent systems; machine vision; security; technology trends.

Download or read book Logistics and Retail Management written by John Fernie and published by Kogan Page Publishers. This book was released on 2014-04-03 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 21st century has witnessed important changes in retail logistics. Supply chain managers are presented with key challenges as retailers have recognised the strategic role that supply chains play in cost reduction and customer service. The 4th edition of Logistics and Retail Management has been substantially updated to take account of these recent developments in retail logistics. Logistics and Retail Management provides the most up-to-date thinking in retail supply chain management, reflecting the changing needs of the global marketplace and the challenges faced by retailers in the 21st century. With contributions from acclaimed academics and practitioners, it covers global logistics, fashion logistics, e-logistics and green supply chains. The 4th edition features brand new chapters on supply chain management in international fashion and corporate social responsibility in the textile supply chain.

Download or read book Advanced Data Mining and Applications written by Xiaochun Yang and published by Springer Nature. This book was released on 2023-12-06 with total page 722 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book constitutes the refereed proceedings of the 19th International Conference on Advanced Data Mining and Applications, ADMA 2023, held in Shenyang, China, during August 21–23, 2023. The 216 full papers included in this book were carefully reviewed and selected from 503 submissions. They were organized in topical sections as follows: Data mining foundations, Grand challenges of data mining, Parallel and distributed data mining algorithms, Mining on data streams, Graph mining and Spatial data mining.

Download or read book The Definitive Guide to Integrated Supply Chain Management written by Brian J. Gibson and published by Pearson Education. This book was released on 2014 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: Master supply chain management concepts, components, principles, processes, interactions, and best practices: all the knowledge you need to start designing, implementing, and managing modern supply chains! The Definitive Guide to Integrated Supply Chain Management brings together all the knowledge you need to help companies gain competitive advantage from supply chains. Co-written by a leading supply chain expert and the Council of Supply Chain Management Professionals (CSCMP), this reference provides up-to-the-minute insight into the roles of supply chain management in improving customer service, reducing costs, and improving financial performance. Clearly and concisely, it introduces modern supply chain management best practices that have been proven to work in organizations of many sizes, types, and industries. For all supply chain and operations managers and students; and for other professionals who either practice in the field or work closely with practitioners to solve business problems.

Download or read book Logistics in Manufacturing Supply Chain and Distribution written by Sanjivan Saini and published by SANJIVAN SAINI. This book was released on with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Logistics in Manufacturing, Supply Chain, and Distribution" by Sanjivan Saini is a comprehensive book that covers various aspects of logistics and supply chain management in the context of manufacturing and distribution operations. The book provides valuable insights into the planning, coordination, and optimization of processes involved in the entire supply chain, from raw material procurement to product delivery to customers. It offers practical guidance and strategies for enhancing efficiency, reducing costs, and improving overall performance in logistics and supply chain management. Key Units Covered in the Book: 1. Logistics in Manufacturing: This unit delves into the logistics activities involved in the manufacturing process, such as materials sourcing, production planning, inventory management, and distribution of finished goods. It discusses how effective logistics practices can contribute to improved manufacturing efficiency and competitiveness. 2. Demand and Supply System: This unit explores the dynamics of demand and supply in the context of the supply chain. It discusses demand forecasting,inventory management, and how businesses can align their supply capabilities with customer demand to achieve optimal results. 3. Supply Chain: The supply chain unit provides an overview of the entire supply chain, including its components, processes, and interconnections. It covers logistics, inventory, transportation, warehousing, and the importance of collaboration among supply chain partners. 4. Purchasing and Supply Chain: This unit focuses on the procurement aspect of the supply chain, emphasizing effective purchasing strategies, supplier selection, contract management, and how these activities impact the overall supply chain performance. 5. Distribution: The distribution unit delves into the final stage of the supply chain, where goods are delivered to end-users or customers. It covers distribution strategies, transportation planning, warehousing, and the role of technology in optimizing distribution processes. Throughout the book, Sanjivan Saini provides real-world examples, case studies, and best practices to illustrate the concepts and principles of logistics and supply chain management. The book is suitable for students, professionals, and anyone interested in gaining a comprehensive understanding of how logistics, supply chain, and distribution play a vital role in the success of manufacturing and distribution operations.

Download or read book Applied AI and Humanoid Robotics for the Ultra Smart Cyberspace written by Babulak, Eduard and published by IGI Global. This book was released on 2024-06-04 with total page 329 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the rapidly transforming landscape of fast-paced technology evolution, the fusion of artificial intelligence (AI) and humanoid robotics is set to redefine academia as we know it. From advancements in AI, humanoid robotics, nano and bio technologies, and smart medicine, the vision of an ultra-smart cyberspace is becoming a tangible reality. Yet, amid this transformative potential, scholars face a pressing challenge – how to navigate the complexities of these cutting-edge technologies to drive impactful research and innovation. Applied AI and Humanoid Robotics for the Ultra-Smart Cyberspace beckons scholars to harness the full potential of applied AI and humanoid robotics in academia. This book illuminates the most effective applications of these technologies across various disciplines such as industry, business, health, government, military, and critical cyber infrastructure. Through rigorously peer-reviewed chapters, the book addresses key issues, provides technical solutions, and guides future research directions, fostering a collaborative bridge between academia and industry.

Download or read book Strategic Airline Retailing and Solutions written by Nawal K. Taneja and published by Taylor & Francis. This book was released on 2023-11-07 with total page 183 pages. Available in PDF, EPUB and Kindle. Book excerpt: While airlines have been looking into the next generation of retailing practices for several years, developments since the beginning of 2020 have accelerated the need to take retailing to a new paradigm. A singular focus now is the ever-changing demands of the current and next generation of customers and employees and managing their values. Examples of customer needs include a mobile-first approach, rich content, augmented and personalized end-to-end services with seamless, consistent, and contextualized experiences. While these concepts of retailing are not new, the challenge has been in bringing them to reality due to (a) the constraints of legacy systems and processes while transitioning to next-generation retailing systems, (b) the inaccessibility of real-time data coming from a wide variety of sources such as online shopping, social media, and operations, (c) the inability to monitor real-time behavior of customers and employees, (d) the lack of effective collaboration and cooperation within the travel ecosystem, and (e) the increasing lack of trust on the part of customers. This book provides a framework and technologies to convert retailing concepts—from shopping to fulfillment—into reality by (a) renovating an airline’s core and ancillary products, (b) progressing faster on digital and organizational transformation journeys to make better data-based decisions about retailing, (c) getting better at managing customer value by knowing who the customers are, (d) empowering, supporting, and listening to employees to meet their expectations, (e) asking the right questions to solve complex retailing problems relating to customers, competitors, and stakeholders, and (f) questioning common-held beliefs about the airline business. This book is indispensable for all airline executives and senior managers, as well as airline and airport commercial managers. It will also be enormously beneficial for retailers dealing with airlines and airports.

Download or read book Protean Supply Chains written by James A. Cooke and published by John Wiley & Sons. This book was released on 2014-06-30 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: Features emerging trends that are shaping supply chain operations worldwide as well as impacting the global business landscape Beginning with the assertion that supply chains are an overlooked factor behind anemic economic growth, Protean Supply Chains: Ten Dynamics of Supply and Demand Alignment provides a comprehensive overview of the developments occurring in the field of supply chain management. A broad range of topics in facility location, inventory, strategic sourcing, and supply chain coordination are addressed in addition to coverage of major developments within the field. The author's main position is that supply chains must be more than agile or flexible; rather, they must become protean and capable of changing shape in response to a volatile global business landscape. The author, a well-known editor and researcher in the field, presents current real-world examples combined with insights into the impact of recent trends that are expected to affect the global business landscape over the next decade. Highlighting companies with leading-edge supply chains as examples, the book discusses methods to reduce spending, increase revenues, and achieve streamlined productivity in a changing economic climate. The book utilizes further examples from the growth of online retailing and automation in distribution centers, as well as the use of protean supply chains to gain competitive advantages internationally. In addition, the book features the following ten emerging trends, which are shaping supply chain operations worldwide: The rise of regional theaters of supply Global risk management through control towers Customer segmentation Real demand realization Demand swing alignment with production and distribution Omnichannel retailing challenges Customer of one service Sustainability challenges Collaboration vs. competition in the new economy Financial dynamism The book is an ideal reference for professionals and practitioners in operations research, business/management science, applied mathematics, and industrial engineering as well as an appropriate supplement for undergraduate and graduate-level courses in supply chain management.