Inventory Optimization In An Aerospace Supply Chain PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Inventory Optimization In An Aerospace Supply Chain PDF full book. Access full book title Inventory Optimization In An Aerospace Supply Chain.
| Author | : Brian Robert Masse |
| Publisher | : |
| Total Pages | : 49 |
| Release | : 2011 |
| Genre | : |
| ISBN | : |
Download Inventory Optimization in High Volume Aerospace Supply Chains Book in PDF, ePub and Kindle
The supply chains of aerospace products can be complex, involving thousands of components per product and hundreds of vendors spaced out over an increasingly global landscape. Managing all inputs necessary for these complex aerospace supply chains is a task that is critical to the success of any firm and requires extensive planning, close partnerships, and detailed analysis. This thesis outlines a system for optimal safety stock management in high volume aerospace supply chains. Given such supply chain parameters as component inventory values, procurement and manufacturing lead times, demand distributions, and bills of material, the ideal safety stock locations and sizes which result in minimal overall inventory levels are calculated by a nonlinear optimization program. With this safety stock structure, aerospace firms can operate their supply chains with higher customer service rates and lower inventory levels. A methodology is also developed to help aerospace companies improve their existing supply chains as efficiently as possible. Considering the limited time and resources available, a company may not be able to enhance all areas of its operations and determining where to improve with the greatest effect on customer service levels and inventory can be difficult. The framework developed provides general guidelines to ensure improvement resources are being deployed most efficiently. Finally, business environment and operations considerations are discussed to aid companies in the process of implementing supply chain improvements and instituting organizational change.
| Author | : Billy Si Yee Lo |
| Publisher | : |
| Total Pages | : 67 |
| Release | : 2007 |
| Genre | : |
| ISBN | : |
Download Inventory Optimization in an Aerospace Supply Chain Book in PDF, ePub and Kindle
Strategic inventory management has become a major focus for Honeywell Aerospace as the business unit challenged itself to meeting cost reduction goals while maintaining a high level of service to its customers. This challenge has become particularly important as customers have steered their purchase decisions from focusing only on capability and quality to including cost performance as well. To do so, Honeywell Aerospace's Planning and Asset Management group is undertaking a three-year effort to re-engineer its inventory planning systems with the goal of increasing planner productivity, improving supply chain responsiveness, and reducing overall inventory. This internship forms the building blocks of this strategy by leveraging existing software available in the industry and applying it to Honeywell's supply chain. Through two pilot programs with different supply chain designs, this internship analyzed the cost and benefit of transforming the company's inventory management strategy. In addition, this internship attempts to identify the challenges associated with such an enormous change, compare them with challenges with implementation in other industries in order to prepare management for full implementation across all product lines. These challenges range from leadership buy-in and information readiness to implementation feasibility both within Honeywell manufacturing and its suppliers.
| Author | : Joseph Peter Mauro |
| Publisher | : |
| Total Pages | : 80 |
| Release | : 2008 |
| Genre | : |
| ISBN | : |
Download Strategic Inventory Management in an Aerospace Supply Chain Book in PDF, ePub and Kindle
This paper introduces multiple methods to set and optimize inventory levels. These methods are then classified based on the complexity involved to implement them. As an organization develops a deeper understanding of inventory, it becomes more mature and can apply more complex methods. This sequencing of methods is defined as a three phase maturity model. First, a foundational level of maturity is defined, which quantifies inventory levels based on future demand and business requirements. Second, a transitional level of maturity defines safety stock positioning in a single-echelon supply chain. Finally, the maturity model concludes with an optimal level of maturity that is based on principles of multi-echelon inventory optimization: safety stock at multiple positions of a supply chain. The setting for this paper was the Aerospace industry. Honeywell Aerospace is in the middle of a 3-year effort to re-engineer Sales, Inventory and Operations Planning (SIOP) systems. At the same time, Honeywell Aerospace is standardizing on a uniform implementation of an ERP system. Through SIOP, standard inventory and planning practices aided by the uniform ERP backbone and a strategic inventory program executive management hopes to reduce what is seen as a disproportionate contribution of inventory to Honeywell International.
| Author | : William R. Killingsworth |
| Publisher | : Business Expert Press |
| Total Pages | : 261 |
| Release | : 2011-06-23 |
| Genre | : Business & Economics |
| ISBN | : 1606492527 |
Download Design, Analysis and Optimization of Supply Chains Book in PDF, ePub and Kindle
Intended for an audience of graduate students, executive MBA students, and mid-to upper level government and corporate managers, Design, Analysis and Optimization of Supply Chains: A System Dynamic Approach examines the complexity of the types of organizations that comprise a modern supply chain, the problems that arise as a result of this complexity, and the solutions and analytical approaches available to managers that can help resolve these real world problems and dilemmas. The modern enterprise, be it a large corporation or a government agency, has two key dimensions of complexity: static and dynamic. The static complexity refers to the remarkable number of companies and agencies that enable delivery of the product or service. A static "snapshot" of this end-to-end enterprise would reveal hundreds if not thousands of companies involved in the supply network and many additional firms involved in the distribution and delivery to customers. Planning, communication, coordination and execution of this large system network is fundamentally challenging just because of the sheer size. This large, extended network represents the static complexity. The dynamic complexity arises from the difficulty of managing the performance of this extended enterprise over time. This requires having the appropriate metrics to track performance over time, the management skills to develop strategies, the ability to collect and monitor the correct data for true visibility, and the recognition and understanding of the long lags between actions and results. Design, Analysis and Optimization of Supply Chains: A System Dynamic Approach incorporates real-world examples and cases, representing actual complex enterprise systems including firms involved and with long lead times, to illustrate the multi-faceted activities occurring within a modern supply chain and the challenges they pose to managers. Simulation and optimization techniques are introduced and used to develop strategies for improved performance.
| Author | : John A. Muckstadt |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 290 |
| Release | : 2006-12-26 |
| Genre | : Business & Economics |
| ISBN | : 0387272887 |
Download Analysis and Algorithms for Service Parts Supply Chains Book in PDF, ePub and Kindle
* Provides a broad overview of modeling approaches and solution methodologies for addressing inventory problems, particularly the management of high cost, low demand rate service parts found in multi-echelon settings * The text may be used in a variety of courses for first-year graduate students or senior undergraduates, or as a reference for researchers and practitioners * A background in stochastic processes and optimization is assumed
| Author | : Nicolas Vandeput |
| Publisher | : Walter de Gruyter GmbH & Co KG |
| Total Pages | : 318 |
| Release | : 2020-08-24 |
| Genre | : Business & Economics |
| ISBN | : 3110673940 |
Download Inventory Optimization Book in PDF, ePub and Kindle
In this book . . . Nicolas Vandeput hacks his way through the maze of quantitative supply chain optimizations. This book illustrates how the quantitative optimization of 21st century supply chains should be crafted and executed. . . . Vandeput is at the forefront of a new and better way of doing supply chains, and thanks to a richly illustrated book, where every single situation gets its own illustrating code snippet, so could you. --Joannes Vermorel, CEO, Lokad Inventory Optimization argues that mathematical inventory models can only take us so far with supply chain management. In order to optimize inventory policies, we have to use probabilistic simulations. The book explains how to implement these models and simulations step-by-step, starting from simple deterministic ones to complex multi-echelon optimization. The first two parts of the book discuss classical mathematical models, their limitations and assumptions, and a quick but effective introduction to Python is provided. Part 3 contains more advanced models that will allow you to optimize your profits, estimate your lost sales and use advanced demand distributions. It also provides an explanation of how you can optimize a multi-echelon supply chain based on a simple—yet powerful—framework. Part 4 discusses inventory optimization thanks to simulations under custom discrete demand probability functions. Inventory managers, demand planners and academics interested in gaining cost-effective solutions will benefit from the "do-it-yourself" examples and Python programs included in each chapter.
| Author | : Robert A. Davis |
| Publisher | : John Wiley & Sons |
| Total Pages | : 236 |
| Release | : 2013-09-11 |
| Genre | : Business & Economics |
| ISBN | : 1118585720 |
Download Demand-Driven Inventory Optimization and Replenishment Book in PDF, ePub and Kindle
Use demand driven optimized inventory and replenishment to overcome your supply chain weaknesses, and deliver business-maximizing results Reviewing the fundamentals of inventory optimization so that you can attain a demand-driven supply, Demand-Driven Inventory Optimization and Replenishment provides a business look at why present inventory systems sub-optimize the supply chain and faulty replenishment processes lead to wasted time and effort. Straightforward and clearly written, this book allows readers to come away with a good understanding of why optimized inventory and replenishment helps overcome in-system weaknesses and deliver results. Discusses how multi-echelon inventory optimization and replenishment enables installed systems to go from a sequential, "islands of efficiency" approach to a systematic distribution system working as a complete network Provides case studies throughout Reveals how optimized inventory and replenishment delivers results across industry verticals With a historical view of the three major supply chain efforts of the last thirty years, this book discusses mathematical shortcuts set up in the transitional and supply chain management systems that make it very difficult for companies to attain supply chain excellence.
| Author | : Gerhard J. Plenert |
| Publisher | : CRC Press |
| Total Pages | : 262 |
| Release | : 2014-04-01 |
| Genre | : Business & Economics |
| ISBN | : 1040081452 |
Download Supply Chain Optimization through Segmentation and Analytics Book in PDF, ePub and Kindle
Supply Chain Segmentation (SCS) has become a critical tool in optimizing supply chain performance. By using segmentation, an organization is taken out of the world of one size fits all and brought into a world that facilitates customized responses. This book explains what SCS is, how it works, and the role of analytics. The book gives detailed case studies demonstrating how SCS is applied and improves efficiency. It covers software appropriateness and integration, as well as a full summary perspective on segmentation and its competitive impacts in terms of economic pressure, supplier and consumer interfaces.
| Author | : Klaus Richter |
| Publisher | : Springer |
| Total Pages | : 290 |
| Release | : 2016-12-13 |
| Genre | : Business & Economics |
| ISBN | : 3319461559 |
Download Supply Chain Integration Challenges in Commercial Aerospace Book in PDF, ePub and Kindle
This book presents firsthand insights into strategies and approaches for the commercial aerospace supply chain in response to the numerous changes that airlines, aircraft OEMs and their suppliers have experienced over the past few decades. In doing so, it investigates the entire product value chain. Accordingly, the chapters address the challenges of configuration and demand, and highlight the specificities of customization in the aviation industry. They analyze component manufacturing, share valuable insights into assembly and integration activities, and describe aftermarket business models. In order to ensure more varied and balanced coverage, the book includes contributions by researchers, suppliers, and experts and practitioners from consulting companies and the aircraft industry. Taken together, they provide a holistic perspective on the transformation drivers and the innovations that have either been implemented or will be adopted in the near future. The book introduces and describes new concepts and innovations such as 3D printing, E2E demand management, digital production, predictive maintenance and open innovation in general, supplementing them with sample industrial applications from the aviation sector.
| Author | : Robert Giacomantonio |
| Publisher | : |
| Total Pages | : 168 |
| Release | : 2013 |
| Genre | : |
| ISBN | : |
Download Multi-echelon Inventory Optimization in a Rapid-response Supply Chain Book in PDF, ePub and Kindle
The motivation for multi-echelon supply chain management at Nike is to more cost-effectively accommodate customer-facing lead time reduction in the rapid-response replenishment business model. Multi-echelon inventory management, as opposed to a traditional finished-goods only philosophy, provides two clear benefits to a make-to-stock supply chain: first, it increases flexibility through staging calculated work-in-process inventory buffers at critical supply chain links and allowing postponed identification of finished goods; second, inventories held as work-in- process are typically carried at lower cost than finished goods. This thesis details the completion of a project intended to improve Nike's ability to determine optimal inventory levels by balancing cost and service level tradeoffs in a multi-echelon-enabled environment. The goal is to develop an inventory modeling methodology for Nike's supply chain data architecture specifically to evaluate the hypothesis that multi-echelon inventory management will present only limited opportunity for cost reduction in offshore, long lead time make-to-stock supply chains. To directly asses the hypothesis, Llamasoft's Supply Chain Guru optimization software will be deployed to create an inventory optimization model for a specific family of apparel products sold as part of Nike's replenishment offering in North America. The modeling results confirm the hypothesis that multi-echelon inventory management offers little value to the current offshore supply chain. Sensitivity and scenario analysis is utilized to identify significant inventory drivers, areas for substantial improvement, and profitable opportunities for multi-echelon inventory management.
