Multi Echelon Inventory Management For A Fresh Produce Retail Supply Chain PDF Download
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| Author | : Yogeshwar Dattatraya Suryawanshi |
| Publisher | : |
| Total Pages | : 110 |
| Release | : 2010 |
| Genre | : |
| ISBN | : |
Download Multi-echelon Inventory Management for a Fresh Produce Retail Supply Chain Book in PDF, ePub and Kindle
Perishability presents a challenging problem in inventory management for the fresh produce industry since it can lead to higher inventory costs and lower service levels. If a supply chain has multiple echelons, that further complicates the issue since companies have an added risk of not having the right amount of product at the right location at the right time. We conduct our research on Chiquita's Fresh Express supply chain. We analyze the impact of perishability on total relevant costs. Our research focuses on determining the optimal inventory policy for the system considering inventory holding costs, shrinkage costs, lost sales costs, forecast accuracy and service levels. We test the sensitivity of the system with respect to forecast errors and the transportation lead time. We developed a discrete-event simulation model using Arena software to conduct the research. Our research demonstrates that by lowering the current target on-hand inventory levels at the distribution center and retail stores, inventory holding costs and shrinkage costs are reduced significantly. Under the optimal inventory policy, the system can save 31% in costs, improve the item fill rate at the distribution center, reduce the total shrinkage volume, and maintain high service levels of more than 95% at the retail stores. Our sensitivity analysis shows that the system is very sensitive to the forecast errors. Additionally, we recommend keeping the transportation lead time as low as possible to maximize the products' lifetime at the retail stores. Reducing the forecast errors or the transportation lead time would reduce the total relevant cost of the system while improving the item fill rates across the supply chain.
| Author | : Saran Limvorasak |
| Publisher | : |
| Total Pages | : 76 |
| Release | : 2013 |
| Genre | : |
| ISBN | : |
Download Multi-echelon Inventory Optimization for Fresh Produce Book in PDF, ePub and Kindle
For fresh produce, the product freshness is a key value to end consumers. Retailers try to maximize product freshness at retail stores while maintaining high product availability. Fresh produce that is close to the end of its life cycle will either be scrapped or be sold at a much lower price. With an increasing demand volatility and complication of supply chain network, obsolescence cost from these spoilages has been increasing recently. Our research focuses on the study of multi-echelon inventory optimization for fresh produce. We investigated the impacts of an additional fulfillment center in a supply chain to justify an improvement in product freshness. We analyzed three relevant factors: transit time, inventory dwell time and safety time, which affect the time products spend in a supply chain from the suppliers to the retail stores. Our objective was to create a predictive model that could determine whether product freshness could be improved when those products are shipped through a supply chain network with an additional fulfillment center. While a fulfillment center increases the total transit time by adding more "touches" of the inventory, it can provide benefits by reducing demand variability through the risk pooling effect. When an fulfillment center aggregates demand from several grocery distribution centers, it pools the demand volatility across various locations, thus reducing the demand volatility and the safety stock. Our model demonstrated that, with a fulfillment center, six product categories (Berries, Watermelons, Cherries, Mixed melons, Stone fruit, and Strawberries) had a decrease in the safety time that is more than the increase in total transit time, resulting in the improved product freshness at retail stores. Further, we defined a term "Enhance Coefficient of Variation (ECV)" to quantify the demand volatility. Finally, we determined a set of minimum ECV ratios in order to make an fulfillment center benefits the product freshness under different replenishment frequencies. Retailers can use this ECV ratio as an indicator to make channeling decisions.
| Author | : Robert A. Davis |
| Publisher | : John Wiley & Sons |
| Total Pages | : 320 |
| Release | : 2016-01-19 |
| Genre | : Business & Economics |
| ISBN | : 1119174023 |
Download Demand-Driven Inventory Optimization and Replenishment Book in PDF, ePub and Kindle
Remove built-in supply chain weak points to more effectively balance supply and demand Demand-Driven Inventory Optimization and Replenishment shows how companies can support supply chain metrics and business initiatives by removing the weak points built into their inventory systems. Beginning with a thorough examination of Just in Time, Efficient Consumer Response, and Collaborative Forecasting, Planning, and Replenishment, this book walks you through the mathematical shortcuts set up in your management system that prevent you from attaining supply chain excellence. This expanded second edition includes new coverage of inventory performance, business verticals, business initiatives, and metrics, alongside case studies that illustrate how optimized inventory and replenishment delivers results across retail, high-tech, men's clothing, and food sectors. Inventory optimization allows you to avoid out-of-stock situations without impacting the bottom line with excessive inventory maintenance. By keeping just the right amount of inventory on hand, your company is better able to meet demand without sacrificing the cost-effectiveness of other supply chain strategies. The trick, however, is determining "just the right amount"—and this book provides the background and practical guidance you need to do just that. Examine the major supply chain strategies of the last 30 years Remove the shortcuts that prohibit supply chain excellence Optimize your supply/demand balance in any vertical Overcome systemic weaknesses to strengthen the bottom line Inventory optimization is benefitting companies around the world, as exemplified here by case studies involving Matas, PWT, Wistron, and Amway. When inefficiencies are built into the system, it's only smart business to identify and remove them—and implement a new streamlined process that runs like a well-oiled machine. Demand-Driven Inventory Optimization and Replenishment is an essential resource for exceptional supply chain management.
| Author | : Christopher Grob |
| Publisher | : Springer |
| Total Pages | : 0 |
| Release | : 2018-08-22 |
| Genre | : Business & Economics |
| ISBN | : 9783658233747 |
Download Inventory Management in Multi-Echelon Networks Book in PDF, ePub and Kindle
Inventory Management in Multi-Echelon Networks presents methods to plan inventory in distribution networks. By holistically looking at the supply chain, it shows how safety stocks across all echelons can be optimized if inventory of all levels is taken into consideration. The gap between the existence of advanced inventory planning methods and their low penetration in the industry was the motivation for this book. Christopher Grob develops essential algorithms that companies can use for network inventory planning and highlights achievable implementation benefits. The work of the author was inspired by the needs of an after sales supply chain of a large automotive company. This company supplies customers all over the world with spare parts and operates a distribution network with more than 100 warehouses. This supply chain faces two particular challenges: demand is highly uncertain and customers expect a high service level. About the Author Christopher Grob works in after sales supply chain management at a major German automotive company. He is responsible for the functional development of inventory planning systems for the spare parts business. He is an expert in the field of inventory management.
| Author | : John T. Mentzer |
| Publisher | : SAGE |
| Total Pages | : 530 |
| Release | : 2001 |
| Genre | : Business & Economics |
| ISBN | : 9780761921110 |
Download Supply Chain Management Book in PDF, ePub and Kindle
This work presents a comprehensive model of supply chain management. Experienced executives from 20 companies clearly define supply chain management, identifying those factors that contribute to its effective implementation. They provide practical guidelines on how companies can manage supply chains, addressing the role of all the traditional business functions in supply chain management and suggest how the adoption of a supply chain management approach can affect business strategy and corporate performance.
| Author | : Sridhar Tayur |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 851 |
| Release | : 2012-12-06 |
| Genre | : Business & Economics |
| ISBN | : 1461549493 |
Download Quantitative Models for Supply Chain Management Book in PDF, ePub and Kindle
Quantitative models and computer-based tools are essential for making decisions in today's business environment. These tools are of particular importance in the rapidly growing area of supply chain management. This volume is a unified effort to provide a systematic summary of the large variety of new issues being considered, the new set of models being developed, the new techniques for analysis, and the computational methods that have become available recently. The volume's objective is to provide a self-contained, sophisticated research summary - a snapshot at this point of time - in the area of Quantitative Models for Supply Chain Management. While there are some multi-disciplinary aspects of supply chain management not covered here, the Editors and their contributors have captured many important developments in this rapidly expanding field. The 26 chapters can be divided into six categories. Basic Concepts and Technical Material (Chapters 1-6). The chapters in this category focus on introducing basic concepts, providing mathematical background and validating algorithmic tools to solve operational problems in supply chains. Supply Contracts (Chapters 7-10). In this category, the primary focus is on design and evaluation of supply contracts between independent agents in the supply chain. Value of Information (Chapters 11-13). The chapters in this category explicitly model the effect of information on decision-making and on supply chain performance. Managing Product Variety (Chapters 16-19). The chapters in this category analyze the effects of product variety and the different strategies to manage it. International Operations (Chapters 20-22). The three chapters in this category provide an overview of research in the emerging area of International Operations. Conceptual Issues and New Challenges (Chapters 23-27). These chapters outline a variety of frameworks that can be explored and used in future research efforts. This volume can serve as a graduate text, as a reference for researchers and as a guide for further development of this field.
| Author | : Hermann Lödding |
| Publisher | : Springer |
| Total Pages | : 519 |
| Release | : 2017-08-28 |
| Genre | : Computers |
| ISBN | : 3319669265 |
Download Advances in Production Management Systems. The Path to Intelligent, Collaborative and Sustainable Manufacturing Book in PDF, ePub and Kindle
The two-volume set IFIP AICT 513 and 514 constitutes the refereed proceedings of the International IFIP WG 5.7 Conference on Advances in Production Management Systems, APMS 2017, held in Hamburg, Germany, in September 2017. The 121 revised full papers presented were carefully reviewed and selected from 163 submissions. They are organized in the following topical sections: smart manufacturing system characterization; product and asset life cycle management in smart factories of industry 4.0; cyber-physical (IIoT) technology deployments in smart manufacturing systems; multi-disciplinary collaboration in the development of smart product-service solutions; sustainable human integration in cyber-physical systems: the operator 4.0; intelligent diagnostics and maintenance solutions; operations planning, scheduling and control; supply chain design; production management in food supply chains; factory planning; industrial and other services; operations management in engineer-to-order manufacturing; gamification of complex systems design development; lean and green manufacturing; and eco-efficiency in manufacturing operations.
| Author | : Sven Axsäter |
| Publisher | : Springer |
| Total Pages | : 271 |
| Release | : 2015-07-06 |
| Genre | : Business & Economics |
| ISBN | : 3319157299 |
Download Inventory Control Book in PDF, ePub and Kindle
This third edition, which has been fully updated and now includes improved and extended explanations, is suitable as a core textbook as well as a source book for industry practitioners. It covers traditional approaches for forecasting, lot sizing, determination of safety stocks and reorder points, KANBAN policies and Material Requirements Planning. It also includes recent advances in inventory theory, for example, new techniques for multi-echelon inventory systems and Roundy's 98 percent approximation. The book also considers methods for coordinated replenishments of different items, and various practical issues in connection with industrial implementation. Other topics covered in Inventory Control include: alternative forecasting techniques, material on different stochastic demand processes and how they can be fitted to empirical data, generalized treatment of single-echelon periodic review systems, capacity constrained lot sizing, short sections on lateral transshipments and on remanufacturing, coordination and contracts. As noted, the explanations have been improved throughout the book and the text also includes problems, with solutions in an appendix.
| Author | : Edward A. Silver |
| Publisher | : CRC Press |
| Total Pages | : 810 |
| Release | : 2016-12-19 |
| Genre | : Business & Economics |
| ISBN | : 1466558628 |
Download Inventory and Production Management in Supply Chains Book in PDF, ePub and Kindle
Authored by a team of experts, the new edition of this bestseller presents practical techniques for managing inventory and production throughout supply chains. It covers the current context of inventory and production management, replenishment systems for managing individual inventories within a firm, managing inventory in multiple locations and firms, and production management. The book presents sophisticated concepts and solutions with an eye towards today’s economy of global demand, cost-saving, and rapid cycles. It explains how to decrease working capital and how to deal with coordinating chains across boundaries.
| Author | : Turan Paksoy |
| Publisher | : CRC Press |
| Total Pages | : 428 |
| Release | : 2023-03-08 |
| Genre | : Business & Economics |
| ISBN | : 1000846903 |
Download Smart and Sustainable Operations and Supply Chain Management in Industry 4.0 Book in PDF, ePub and Kindle
Smart applications are transforming conventional supply chains into digital ones. To compete in today’s competitive market, organizations must utilize the merits of the Fourth Industrial Revolution while being sustainable, lean, and eco-conscious. Smart and Sustainable Operations and Supply Chain Management in Industry 4.0 closes the gap and provides novel ideas, research, and applications. This book discusses smart and sustainable supply chain management concepts that are analyzed within the Industry 4.0 perspective. It also highlights green systems and smart applications within an Industry 4.0 setting. The book presents the latest technological developments, including disruptive technologies and their impact on smart and sustainable supply chains under the triple bottom line approach. For easy reader comprehension, each chapter will include a case study, a related problem, or a numerical example, as well as the solution. This book is written for academicians, practitioners, PhD students, and researchers involved in this area.
