Download or read book The Value of Supply Chain Visibility when Yield is Random written by Marcus Dettenbach and published by Logos Verlag Berlin GmbH. This book was released on 2015-05-29 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on supply chains with uncertainty due to random yields. A common assumption in such systems is that the yields are observable only after all transportation or production steps are completed. The actual yield realization however happens earlier during the process. Technological advances and stronger supply chain collaboration make it possible to observe yield realization in real time and therefore close the time gap between the event and the observation. Within this thesis optimal and heuristic policies are developed that make use of this new type of information in various supply chain settings. These policies are used to identify conditions under which real time yield information is particularly beneficial. This book is relevant to both scholars and practitioners interested in managing supply chains with random yields.

Download or read book Tradeoffs and Random Yield in Supply Chain Management written by Yuanjie He and published by . This book was released on 2005 with total page 131 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Tradeoffs and Random Yield in Supply Chain written by Yuanjie He and published by . This book was released on 2005 with total page 131 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Value of RFID written by Alp Ustundag and published by Springer Science & Business Media. This book was released on 2012-08-12 with total page 173 pages. Available in PDF, EPUB and Kindle. Book excerpt: RFID technology presents a great potential for creating competitive advantage. By automating and simplifying data collection, it lets users more accurately track assets and monitor key indicators, which in turn gives greater visibility to the operations. However, the benefits received from this technology will be determined by how well it is integrated with the business processes and overall information flow. Because of the fact that the decision to deploy RFID technology in an enterprise is a business decision instead of a technology decision, cost-benefit analysis is a key component of this decision. If an RFID deployment cannot be justified in terms of its economic value to the company, it is not likely to help the company; and consequently, it is not likely to remain a viable deployment over the long term. The Value of RFID describes the business value of RFID and explains the costs and benefits of this technology comprehensively. Different investment evaluation models are proposed to use in various application areas. Techniques to guide the selection of appropriate implementation levels and to handle uncertainty and risk in RFID are explained. Written for researchers, undergraduate and graduate students, and lecturers working in the field of RFID and supply chain management, readers will learn evaluation practices for RFID investment for different application areas. The book also guides managers in making to accurate decisions on RFID investment to maximize the return.

Download or read book Supply Chain Coordination under Uncertainty written by Tsan-Ming Choi and published by Springer Science & Business Media. This book was released on 2011-08-14 with total page 651 pages. Available in PDF, EPUB and Kindle. Book excerpt: Channel coordination is a core subject of supply chain management. Over the past decade, much research effort has been devoted to exploring the detailed mechanisms for achieving supply chain coordination under uncertainty, generating many fruitful analytical and empirical results. Despite the abundance of research results, there is an absence of a comprehensive reference source that provides state-of-the-art findings on both theoretical and applied research on the subject. In addition, with the advance of knowledge and technologies, many new topics on supply chain coordination under uncertainty have appeared in recent years. This handbook extensively examines supply chain coordination challenges with a focal point on discovering innovative measures that can help tackle the existing and emerging challenges. The book is organized into five parts, which include chapters on innovative analytical models for coordination, channel power and bargaining, technological advancements and applications, empirical analysis, cases studies and review. This handbook provides new empirical and analytical results with precious insights, which will not only help supply chain agents to understand more about the latest measures for supply chain coordination under uncertainty, but also help practitioners and researchers to know how to improve supply chain performance based on innovative methods.

Download or read book Issues on Managing Supply Yield and Commodity Price Risks in Global Supply Chains written by Guang Xiao and published by . This book was released on 2016 with total page 178 pages. Available in PDF, EPUB and Kindle. Book excerpt: The main purpose of this dissertation is to focus on designing and evaluating operational strategies to effectively mitigate both the production yield and the commodity price risks, which are among the primary challenges firms need to battle against in today's global economy.In the first chapter, we investigate the fundamental question about how to allocate supply risk within a bilateral supply chain. More specifically, we consider a supplier-retailer supply chain with supply random yield and deterministic demand. We study the impact of three commonly used implementations of single wholesale price contracts on allocating supply yield risk between supply chain parties and on channel performance. In a push contract, the retailer controls the production decision and bears all the risk; in a pull contract, the supplier controls the production decision and bears all the risk; and in a hybrid contract, the retailer decides the order quantity whereas the supplier decides the production quantity. We completely characterize the firms' optimal decisions and contract preferences under both exogenous and endogenous wholesale prices. Our analysis shows that all the hybrid contracts are Pareto efficient within its own type, survive the challenges from both push and pull contracts, and maintain high channel efficiency, i.e., around 96% ~ 97% on average based on our numerical and worst case analysis. We then argue that the good performance of the hybrid contracts is not primarily due to the common wisdom of risk sharing, but lies in its unique structure property. More specifically, the hybrid contract implementation utilizes production inflation as an instrument to effectively combine all the Pareto efficient push and pull segments within their joint Pareto set into a single contract type. Consequently, when negotiating among wholesale price contracts, firms only need to restrict their negotiation within the hybrid contract type alone, which is simple, easy to implement, and efficient.In the second chapter, we examine the interplay between supply diversification and price postponement as risk mitigation tools for a price-setting monopoly firm to deal with supply yield risk. We compare the optimal sourcing decisions under both ex ante pricing and responsive pricing (ex post) schemes and investigate the impact of pricing timing on the firm's optimal sourcing and diversification decisions. For the case of one unreliable supplier, we show that responsive pricing mitigates the overage and underage risks imposed by yield uncertainty, and results in a lower [higher] optimal order quantity than that under ex ante pricing when the procurement cost is low [high]. For the case of one unreliable and one reliable suppliers, we find that an ex ante pricing firm finds no value in supply diversification, but responsive pricing gives rise to the need for supply diversification. For the case of two unreliable suppliers, we prove that responsive pricing promotes [discourages] supply diversification when supply reliability is low [high]. When supply reliability is moderate, responsive pricing promotes [discourages] supply diversification when the unit procurement cost is low [high]. Finally, we demonstrate that when facing strongly positively correlated yields, the firm ranks reliability higher than cost in supplier selection, and it may skip the cheaper supplier to select the expensive supplier if the latter is more reliable.In the third chapter, we propose two technical assumptions to ensure the unimodality of the objective function in two classes of price and quantity decision problems with one procurement opportunity under supply random yield and deterministic demand in a price-setting environment. We provide appealing economic interpretations and easy-to-verify sufficient conditions for our proposed technical assumptions. We show that most commonly used continuous yield distributions satisfy both of our technical assumptions. Finally, we provide several examples to show that our technical Assumption 1 applies to a large class of random yield problems involving a single firm's price and quantity decisions under different contracts, payment schemes and supplier portfolios, and that our technical Assumption 2 applies to a large class of random yield problems involving a decentralized supply chain/assembly system under different configurations.In the fourth chapter, we study two symmetric firms' production lead time (long vs. short) and selling timing (forward vs. spot) choices in a competitive market with uncertain input commodity cost. We consider Cournot competition and model the cost uncertainty via a two-point distribution. Our results are summarized as follow: First, regarding to the production lead time choice, as the cost volatility or the ex ante cost increases, both firms simultaneously switch from long lead time to short lead time to enjoy the benefit of being responsive in reacting to the procurement cost risk. Second, regarding to the selling timing choice, when the ex ante cost is low, both firms choose sell forward with appropriated hedging strategy adopted to avoid default. When the ex ante cost is high, both firms choose sell forward but strategically default on the high cost realization. In contrast, when the ex ante cost is in an intermediate range, both firms choose to sell spot when the high cost state is more likely to occur. Interesting, when the low cost state is more likely to occur, both firms choose to sell forward with one hedges and the other strategically defaults on high cost state. Finally, when both production lead time and selling timing choices are available, choosing long lead time and carrying inventory without selling forward is always a weakly dominated strategy. Consequently, the market equilibrium structure remains the same as that under the case when only the selling timing choice is available.

Download or read book Supply Chain Coordination Through Contracts in Supply Chains with Random Production Yield written by Josephine Clemens and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Handbook of Research on Supply Chain Resiliency Efficiency and Visibility in the Post Pandemic Era written by Ramakrishna, Yanamandra and published by IGI Global. This book was released on 2022-04-15 with total page 628 pages. Available in PDF, EPUB and Kindle. Book excerpt: The COVID-19 pandemic has adversely affected the supply chains of all sectors of business worldwide. The pandemic has made it evident that by managing supply chains in a traditional manner organizations will no longer be able to achieve profits and improve customer satisfaction. This calls for immediate structural changes in organizations, flexible organizational culture, and a sense of urgency to redefine strategies related to supply chains. The Handbook of Research on Supply Chain Resiliency, Efficiency, and Visibility in the Post-Pandemic Era explores diverse strategies for achieving capabilities related to supply chain resilience and seeks to expand the existing body of knowledge in this area. It develops models, frameworks, and theoretical concepts related to supply chain resilience to enhance efficiency and improve visibility of supply chains. Covering topics such as change management, production relocation, and supply chain risk, this book is an essential reference for business leaders, corporate executives, industry practitioners, researchers, academicians, educators, and students.

Download or read book Stochastic optimization methods for supply chains with perishable products written by Michael A. Völkel and published by Logos Verlag Berlin GmbH. This book was released on 2020-07-03 with total page 119 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book deals with inventory systems in supply chains that face risks that could render products unsalable. These risks include possible cooling system failures, transportation risks, packaging errors, handling errors, or natural quality deterioration over time like spoilage of food or blood products. Classical supply chain inventory models do not regard these risks. This thesis introduces novel cost models that consider these risks. It also analyzes how real-time tracking with RFID sensors and smart containers can contribute to decision making. To solve these cost models, this work presents new solution methods based on dynamic programming. In extensive computational studies both with experimental as well as real-life data from large players in the retailer industry, the solution methods prove to lead to substantially lower costs than existing solution methods and heuristics.

Download or read book Decision Behavior in Supply Chains with Random Production Yields written by Josephine Clemens and published by . This book was released on 2017 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Analytics Across the Enterprise written by Brenda L. Dietrich and published by IBM Press. This book was released on 2014-05-15 with total page 223 pages. Available in PDF, EPUB and Kindle. Book excerpt: How to Transform Your Organization with Analytics: Insider Lessons from IBM’s Pioneering Experience Analytics is not just a technology: It is a better way to do business. Using analytics, you can systematically inform human judgment with data-driven insight. This doesn’t just improve decision-making: It also enables greater innovation and creativity in support of strategy. Your transformation won’t happen overnight; however, it is absolutely achievable, and the rewards are immense. This book demystifies your analytics journey by showing you how IBM has successfully leveraged analytics across the enterprise, worldwide. Three of IBM’s pioneering analytics practitioners share invaluable real-world perspectives on what does and doesn’t work and how you can start or accelerate your own transformation. This book provides an essential framework for becoming a smarter enterprise and shows through 31 case studies how IBM has derived value from analytics throughout its business. Coverage Includes Creating a smarter workforce through big data and analytics More effectively optimizing supply chain processes Systematically improving financial forecasting Managing financial risk, increasing operational efficiency, and creating business value Reaching more B2B or B2C customers and deepening their engagement Optimizing manufacturing and product management processes Deploying your sales organization to increase revenue and effectiveness Achieving new levels of excellence in services delivery and reducing risk Transforming IT to enable wider use of analytics “Measuring the immeasurable” and filling gaps in imperfect data Whatever your industry or role, whether a current or future leader, analytics can make you smarter and more competitive. Analytics Across the Enterprise shows how IBM did it--and how you can, too. Learn more about IBM Analytics

Download or read book Manufacturing Service Operations Management written by and published by . This book was released on 2001 with total page 460 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Supply Chain Management For Dummies written by Daniel Stanton and published by John Wiley & Sons. This book was released on 2020-11-16 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: Increase your knowledge of supply chain management and leverage it properly for your business If you own or make decisions for a business, you need to master the critical concept of supply chain management. Supply Chain Management For Dummies, 2nd Edition guides you to an understanding of what a supply chain is and how to leverage this system effectively across your business, no matter its size or industry. The book helps you learn about the areas of business that make up a supply chain, from procurement to operations to distribution. And it explains the importance of supporting functions like sales, information technology, and human resources. You’ll be prepared to align the parts of this system to meet the needs of customers, suppliers, and shareholders. By viewing the company as a supply chain, you’ll be able to make decisions based on how they will affect every part of the chain. To help you fully understand supply chains, the author focuses on the Supply Chain Operations Reference (SCOR) model. This approach allows all types of professionals to handle their work demands. • Use metrics to improve processes • Evaluate business risks through analytics • Choose the right software and automation processes • Plan for your supply chain management certification and continuing education A single business decision in one department can have unplanned effects in one or more areas, such as purchasing or operations. Supply Chain Management For Dummies helps you grasp the connections between business lines for wiser decision making and planning.

Download or read book Engineering Analytics written by Luis Rabelo and published by CRC Press. This book was released on 2021-09-27 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt: Engineering analytics is becoming a necessary skill for every engineer. Areas such as Operations Research, Simulation, and Machine Learning can be totally transformed through massive volumes of data. This book is intended to be an introduction to Engineering Analytics that can be used to improve performance tracking, customer segmentation for resource optimization, patterns and classification strategies, and logistics control towers. Basic methods in the areas of visual, descriptive, predictive, and prescriptive analytics and Big Data are introduced. Industrial case studies and example problem demonstrations are used throughout the book to reinforce the concepts and applications. The book goes on to cover visual analytics and its relationships, simulation from the respective dimensions and Machine Learning and Artificial Intelligence from different paradigms viewpoints. The book is intended for professionals wanting to work on analytical problems, for Engineering students, Researchers, Chief-Technology Officers, and Directors that work within the areas and fields of Industrial Engineering, Computer Science, Statistics, Electrical Engineering Operations Research, and Big Data.

Download or read book Handbook for Supply Chain Risk Management written by Omera Khan and published by J. Ross Publishing. This book was released on 2012 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: “This book provides a valuable resource for all those who seek to understand the sources of supply chain risk and provides powerful insights into how that risk might be mitigated.” — Martin Christopher, Emeritus Professor of Marketing & Logistics, Cranfield School of Management, UK “This handbook is perfectly balanced with academic theory and real-world best practices making it a useful resource for both supply chain practitioners and students of the trade.” — Sean S. Murphy, President and CEO, Lootok “This book provides practitioners and students with an overview of good supply chain risk management practices, nicely illustrated with a diverse set of case examples.” — Stephan M. Wagner, Ph.D., Professor and Chair of Logistics Management, Swiss Federal Institute of Technology Zurich (ETH Zurich) Recent business trends, and practices, coupled with unpredictable external events have made many firms much more vulnerable to supply chain risk and disruptions than in the past. The Handbook for Supply Chain Risk Management offers the first comprehensive collection of diverse practices executives and practitioners in most any industry can adopt to proactively manage supply chain risks and improve their overall business performance.Key Features • Delivers valuable insights from 30 international contributing authors • Provides comprehensive coverage of current and future supply chain risks such as globalization, outsourcing, Lean initiatives, information security, natural disasters, political upheaval and economic recession • Includes a wide variety of cases from various industries demonstrating effective approaches useful for benchmarking, reducing the chance and financial impact of risk, and for creating a more robust and resilient firm in the face of supply chain risk • Supplies practitioners with a set of best practices, processes, tools, and techniques supported by illustrative examples • WAV offers downloadable instructional materials — available from the Web Added Value™ Download Resource Center at www.jrosspub.com

Download or read book The Encyclopedia of Operations Management written by Arthur V. Hill and published by FT Press. This book was released on 2012 with total page 406 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the perfect field manual for every supply chain or operations management practitioner and student. The field's only single-volume reference, it's uniquely convenient and uniquely affordable. With nearly 1,500 well-organized definitions, it can help students quickly map all areas of operations and supply chain management, and prepare for case discussions, exams, and job interviews. For instructors, it serves as an invaluable desk reference and teaching aid that goes far beyond typical dictionaries. For working managers, it offers a shared language, with insights for improving any process and supporting any training program. It thoroughly covers: accounting, customer service, distribution, e-business, economics, finance, forecasting, human resources, industrial engineering, industrial relations, inventory management, healthcare management, Lean Sigma/Six Sigma, lean thinking, logistics, maintenance engineering, management information systems, marketing/sales, new product development, operations research, organizational behavior/management, personal time management, production planning and control, purchasing, reliability engineering, quality management, service management, simulation, statistics, strategic management, systems engineering, supply and supply chain management, theory of constraints, transportation, and warehousing. Multiple figures, graphs, equations, Excel formulas, VBA scripts, and references support both learning and application. ... this work should be useful as a desk reference for operations management faculty and practitioners, and it would be highly valuable for undergraduates learning the basic concepts and terminology of the field. Reprinted with permission from CHOICE http: //www.cro2.org, copyright by the American Library Association.

Download or read book Operations Management written by Joel D. Wisner and published by SAGE Publications. This book was released on 2016-06-20 with total page 617 pages. Available in PDF, EPUB and Kindle. Book excerpt: Finally, an operations management book to get excited about. Operations Management: A Supply Chain Process Approach exposes students to the exciting and ever-changing world of operations management through dynamic writing, application, and cutting-edge examples that will keep students interested and instructors inspired! Author Dr. Joel Wisner understands that today’s students will be entering a highly competitive global marketplace where two things are crucial: a solid knowledge of operations management and an understanding of the importance for organizations to integrate their operations and supply chain processes. With this in mind, Wisner not only provides a clear and comprehensive introduction to operations management, but also gives attention to the important processes involved in linking firms’ operations in a supply chain environment.