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Inventory Management

Inventory Management
Author: Geoff Relph
Publisher: Kogan Page Publishers
Total Pages: 280
Release: 2015-07-03
Genre: Business & Economics
ISBN: 074947369X
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Effective inventory management can increase revenue, reduce costs, and improve cash flows. Endorsed by Institute of Operations Management and CILT, Inventory Management shows managers how to take control of their inventory system and ensure operations run smoothly. Looking beyond the complexity and theory of inventory management, Geoff Relph and Catherine Milner focus on the most important decisions managers need to make when managing inventory. They examine how inventory management should work, how to control it, and how to balance it, through their use of revolutionary k-curve methodology. They include case studies from various industries, looking at inventory management in diverse areas such as supermarkets and aerospace. Online resources include an appendix of figures, a chapter breakdown of figures and a bonus chapter about the supporting materials.

Periodic Review Inventory Systems

Periodic Review Inventory Systems
Author: Thomas Wensing
Publisher: Springer Science & Business Media
Total Pages: 159
Release: 2011-06-26
Genre: Business & Economics
ISBN: 3642204791
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The focus of the work is twofold. First, it provides an introduction into fundamental structural and behavioral aspects of periodic review inventory systems. Second, it includes a comprehensive study on analytical and optimization aspects of a specific class of those systems. For the latter purpose, general solution methods for problems of inventory management in discrete time are described and developed along with highly specialized methods to solve very specific problems related to the model variants examined. The work is thus addressed to students and practitioners who seek a deeper understanding of managing inventories in discrete time as well as to software developers who require implementation aids on specific problems of inventory management.

Perishable Inventory Systems

Perishable Inventory Systems
Author: Steven Nahmias
Publisher: Springer
Total Pages: 80
Release: 2013-07-15
Genre: Business & Economics
ISBN: 9781461428831
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A perishable item is one that has constant utility up until an expiration date (which may be known or uncertain), at which point the utility drops to zero. This includes many types of packaged foods such as milk, cheese, processed meats, and canned goods. It also includes virtually all pharmaceuticals and photographic film, as well as whole blood supplies. This book is the first devoted solely to perishable inventory systems. The book’s ten chapters first cover the preliminaries of periodic review versus continuous review and look at a one-period newsvendor perishable inventory model. The author moves to the basic multiperiod dynamic model, and then considers the extensions of random lifetime, inclusion of a set-up cost, and multiproduct models of perishables. A chapter on continuous review models looks at one-for-one policies, models with zero lead time, optimal policies with positive lead time, and an alternative approach. Additional chapters present material on approximate order policies, inventory depletion management, and deterministic models, including the basic EOQ model with perishability and the dynamic deterministic model with perishability. Finally, chapters explore decaying inventories, queues with impatient customers, and blood bank inventory control. Anyone researching perishable inventory systems will find much to work with here. Practitioners and consultants will also now have a single well-referenced source of up-to-date information to work with.

Inventory Management

Inventory Management
Author:
Publisher:
Total Pages: 8
Release: 1980
Genre: Inventory control
ISBN:
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Research Handbook on Inventory Management

Research Handbook on Inventory Management
Author: Jing-Sheng J. Song
Publisher: Edward Elgar Publishing
Total Pages: 565
Release: 2023-08-14
Genre: Technology & Engineering
ISBN: 180037710X
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This comprehensive Handbook provides an overview of state-of-the-art research on quantitative models for inventory management. Despite over half a century’s progress, inventory management remains a challenge, as evidenced by the recent Covid-19 pandemic. With an expanse of world-renowned inventory scholars from major international research universities, this Handbook explores key areas including mathematical modelling, the interplay of inventory decisions and other business decisions and the unique challenges posed to multiple industries.

Inventory Management

Inventory Management
Author: John W. Toomey
Publisher: Springer Science & Business Media
Total Pages: 227
Release: 2012-12-06
Genre: Business & Economics
ISBN: 1461543630
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The goal of Inventory Management will be to explain the dynamics of inventory management's principles, concepts, and techniques as they relate to the entire supply chain (customer demand, distribution, and product transformation processes). The interrelationships of all functions will be defined. The book concentrates on understanding the many ramifications of inventory management. In today's competitive business environment, inventory management has proven to be most critical, and this book is directed to the management of inventory to assist in better understanding the body of knowledge required to operate in a competitive world. Almost all functions such as sales, engineering, and accounting have an impact and are impacted by inventory management. The book will assist in the training of students as well as APICS CPIM (Certified in Production and Inventory Management) candidates. As such it will not only be a textbook, but also a desk reference for those employees responsible for controlling inventories, and thereby assist in reducing cost, improving customer service, and maximizing capacity. Each chapter concludes with a case study and suggested solution. The case studies tell the story of a growing company, Smith Industries, and the related inventory management problems it had to address. The problems addressed relate to the subject matter of the chapter.

From System Complexity to Emergent Properties

From System Complexity to Emergent Properties
Author: Moulay Aziz-Alaoui
Publisher: Springer Science & Business Media
Total Pages: 365
Release: 2009-08-07
Genre: Technology & Engineering
ISBN: 3642021999
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Emergence and complexity refer to the appearance of higher-level properties and behaviours of a system that obviously comes from the collective dynamics of that system's components. These properties are not directly deducible from the lower-level motion of that system. Emergent properties are properties of the "whole'' that are not possessed by any of the individual parts making up that whole. Such phenomena exist in various domains and can be described, using complexity concepts and thematic knowledges. This book highlights complexity modelling through dynamical or behavioral systems. The pluridisciplinary purposes, developed along the chapters, are able to design links between a wide-range of fundamental and applicative Sciences. Developing such links - instead of focusing on specific and narrow researches - is characteristic of the Science of Complexity that we try to promote by this contribution.

Planning Production and Inventories in the Extended Enterprise

Planning Production and Inventories in the Extended Enterprise
Author: Karl G. Kempf
Publisher: Springer Science & Business Media
Total Pages: 652
Release: 2011-01-12
Genre: Business & Economics
ISBN: 1441964851
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In two volumes, Planning Production and Inventories in the Extended Enterprise: A State of the Art Handbook examines production planning across the extended enterprise against a backdrop of important gaps between theory and practice. The early chapters describe the multifaceted nature of production planning problems and reveal many of the core complexities. The middle chapters describe recent research on theoretical techniques to manage these complexities. Accounts of production planning system currently in use in various industries are included in the later chapters. Throughout the two volumes there are suggestions on promising directions for future work focused on closing the gaps.

Blockchain, IoT, and AI Technologies for Supply Chain Management

Blockchain, IoT, and AI Technologies for Supply Chain Management
Author: Priyanka Chawla
Publisher: CRC Press
Total Pages: 295
Release: 2023-05-05
Genre: Computers
ISBN: 1000854957
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Supply chain management, often known as SCM, refers to the extensive variety of operations that are required to plan, monitor, and coordinate the movement of a product from its raw materials to its finished state in the most time- and money-efficient manner possible. How the supply chain is managed has an impact not only on the quality of the product and the service but also on the distribution, costs, and overall customer experience. Supply chain management is a massive undertaking that needs firms to reevaluate the method in which they operate their supply chains. Blockchain, IoT, and AI Technologies for Supply Chain Management discusses the problems and difficulties that the facilitators of the supply chain confront, in addition to the possible solutions to such problems and difficulties. This book will be the only one of its kind to address the impact of COVID-19 on supply chain systems involving different stakeholders such as producers, dealers, and manufacturers and will provide a foundation for future research opportunities that will allow for the unrestricted expansion and prosperity of business. It will serve as a foundation for academics, scientists, and educationists interested in the use of modern technologies in the field of supply chain management, such as the Internet of Things (IoT), Artificial Intelligence (AI), and Blockchain. In addition to those engaged in research, undergraduate and postgraduate students in higher education can also use this publication as a reference book. This book also presents a multifaceted perspective for the general public, including topics such as computer science, the food business, hotel management, fashion, medical, inventory management, and agricultural spheres.