Analytical Inventory Management And Optimization
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Optimization And Inventory Management
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Author : Nita H. Shah
language : en
Publisher: Springer Nature
Release Date : 2019-08-31
Optimization And Inventory Management written by Nita H. Shah and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-08-31 with Business & Economics categories.
This book discusses inventory models for determining optimal ordering policies using various optimization techniques, genetic algorithms, and data mining concepts. It also provides sensitivity analyses for the models’ robustness. It presents a collection of mathematical models that deal with real industry scenarios. All mathematical model solutions are provided with the help of various optimization techniques to determine optimal ordering policy. The book offers a range of perspectives on the implementation of optimization techniques, inflation, trade credit financing, fuzzy systems, human error, learning in production, inspection, green supply chains, closed supply chains, reworks, game theory approaches, genetic algorithms, and data mining, as well as research on big data applications for inventory management and control. Starting from deterministic inventory models, the book moves towards advanced inventory models. The content is divided into eight major sections: inventory control and management – inventory models with trade credit financing for imperfect quality items; environmental impact on ordering policies; impact of learning on the supply chain models; EOQ models considering warehousing; optimal ordering policies with data mining and PSO techniques; supply chain models in fuzzy environments; optimal production models for multi-items and multi-retailers; and a marketing model to understand buying behaviour. Given its scope, the book offers a valuable resource for practitioners, instructors, students and researchers alike. It also offers essential insights to help retailers/managers improve business functions and make more accurate and realistic decisions.
Analytical Inventory Management And Optimization
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Author : Majid Khan Majahar Ali
language : en
Publisher: CRC Press
Release Date : 2025-06-30
Analytical Inventory Management And Optimization written by Majid Khan Majahar Ali and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025-06-30 with Technology & Engineering categories.
In this vital resource with discussion of and applicability to various industries, Ali, Rabiu, and Ismail guide readers through the challenging environment of inventory management and enable them to successfully balance the demand and supply of items in stock, a critical task in any field. The book covers a wide range of topics related to inventory management and optimization. After introducing the key concepts and principles of inventory management, such as inventory analytics, optimization, and models, the authors provide a comprehensive and in-depth understanding of various inventory control techniques that are essential for effective inventory management, such as ABC analysis, EOQ model, safety stock, and reorder point. They then introduce various mathematical models and optimization techniques such as system-level and item-level inventory analysis and show how to perform sensitivity analyses to test the robustness of these models. They then look at the role of inventory management in various industries such as supply chain management and logistics, manufacturing, and more; and address the effects and integration of cutting-edge technologies like artificial intelligence, machine learning, and robotics to conventional inventory management practices. Additional topics include inventory forecasting, inventory management systems, inventory auditing and control, risk management. In combining mathematical underpinnings in the area with practical case studies throughout, readers will gain a solid understanding of the real-world applications of these different techniques so that they can apply inventory management and optimization best practices in their workplace. The comprehensive coverage makes the book a valuable reference for practitioners and students, particularly postgraduate and MBA students, who require such insights to improve business functions and make informed decisions. Because it provides the foundational mathematical knowledge required to comprehend any chapter, it is also accessible for readers without a strong background in mathematics.
Analytical Inventory Management And Optimization
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Author : Majid Khan Majahar Ali
language : en
Publisher: CRC Press
Release Date : 2025-06-30
Analytical Inventory Management And Optimization written by Majid Khan Majahar Ali and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025-06-30 with Technology & Engineering categories.
In this vital resource with discussion of and applicability to various industries, Ali, Rabiu, and Ismail guide readers through the challenging environment of inventory management and enable them to successfully balance the demand and supply of items in stock, a critical task in any field. The book covers a wide range of topics related to inventory management and optimization. After introducing the key concepts and principles of inventory management, such as inventory analytics, optimization, and models, the authors provide a comprehensive and in-depth understanding of various inventory control techniques that are essential for effective inventory management, such as ABC analysis, EOQ model, safety stock, and reorder point. They then introduce various mathematical models and optimization techniques such as system-level and item-level inventory analysis and show how to perform sensitivity analyses to test the robustness of these models. They then look at the role of inventory management in various industries such as supply chain management and logistics, manufacturing, and more; and address the effects and integration of cutting-edge technologies like artificial intelligence, machine learning, and robotics to conventional inventory management practices. Additional topics include inventory forecasting, inventory management systems, inventory auditing and control, risk management. In combining mathematical underpinnings in the area with practical case studies throughout, readers will gain a solid understanding of the real-world applications of these different techniques so that they can apply inventory management and optimization best practices in their workplace. The comprehensive coverage makes the book a valuable reference for practitioners and students, particularly postgraduate and MBA students, who require such insights to improve business functions and make informed decisions. Because it provides the foundational mathematical knowledge required to comprehend any chapter, it is also accessible for readers without a strong background in mathematics.
Inventory Management And Optimization In Sap Erp
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Author : Elke Roettig
language : en
Publisher: SAP PRESS
Release Date : 2016
Inventory Management And Optimization In Sap Erp written by Elke Roettig and has been published by SAP PRESS this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with Inventory control categories.
Avoid having too little or too much stock on hand with this guide to inventory management and optimization with SAP ERP Start by managing the stock you have through replenishment, goods issue, goods receipt, and internal transfers. Then plan for and optimize your future by avoiding bottlenecks, setting lead times, using simulations, and more. Finally, evaluate your operations using standard reports, the MRP Monitor, and KPIs. Keep your stock levels just right Key Inventory Processes Understand essential business processes like good receipt, goods issue, internal stock transfer, reservations, and using materials documents. Then map these processes to their specific master data settings like service levels and lot size. Planning and Optimization Learn how the entire supply chain influences inventory planning, and jump into methods and tools for inventory optimization including SAP ERP Add-On tools for simulations and inventory cockpits. Monitoring, Reporting, and Analysis Employ Logistics Information Systems methods to control and monitor inventory, use the MRP Monitor for inventory analysis, and calculate key indicators to measure inventory performance. Highlights: Inventory management Inventory optimization Supply chain management Goods receipt/goods issue (GR/GI) Stock transfer SAP ERP Add-Ons Lot size Demand planning Material requirements planning (MRP) MRP Monitor Key performance indicators (KPIs)
Retail Analytics
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Author : Anna-Lena Sachs
language : en
Publisher: Springer
Release Date : 2014-12-10
Retail Analytics written by Anna-Lena Sachs and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-12-10 with Business & Economics categories.
This book addresses the challenging task of demand forecasting and inventory management in retailing. It analyzes how information from point-of-sale scanner systems can be used to improve inventory decisions, and develops a data-driven approach that integrates demand forecasting and inventory management for perishable products, while taking unobservable lost sales and substitution into account in out-of-stock situations. Using linear programming, a new inventory function that reflects the causal relationship between demand and external factors such as price and weather is proposed. The book subsequently demonstrates the benefits of this new approach in numerical studies that utilize real data collected at a large European retail chain. Furthermore, the book derives an optimal inventory policy for a multi-product setting in which the decision-maker faces an aggregated service level target, and analyzes whether the decision-maker is subject to behavioral biases based on real data for bakery products.
Supply Chain Optimization Management And Integration Emerging Applications
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Author : Wang, John
language : en
Publisher: IGI Global
Release Date : 2010-11-30
Supply Chain Optimization Management And Integration Emerging Applications written by Wang, John and has been published by IGI Global this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-11-30 with Business & Economics categories.
Our rapidly changing world has forced business practitioners, in corporation with academic researchers, to respond quickly and develop effective solution methodologies and techniques to handle new challenges in supply chain systems. Supply Chain Optimization, Management and Integration: Emerging Applications presents readers with a rich collection of ideas from researchers who are bridging the gap between the latest in information technology and supply chain management. This book includes theoretical, analytical, and empirical research, comprehensive reviews of relevant research, and case studies of effective applications in the field of SCM. The use of new technologies, methods, and techniques are emphasized by those who have worked with supply chain management across the world for those in the field of information systems.
Inventory Optimization
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Author : Nicolas Vandeput
language : en
Publisher: Walter de Gruyter GmbH & Co KG
Release Date : 2020-08-24
Inventory Optimization written by Nicolas Vandeput and has been published by Walter de Gruyter GmbH & Co KG this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-08-24 with Business & Economics categories.
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. Events around the book Link to a De Gruyter Online Event in which the author Nicolas Vandeput together with Stefan de Kok, supply chain innovator and CEO of Wahupa; Koen Cobbaert, Director in the S&O Industry practice of PwC Belgium; Bram Desmet, professor of operations & supply chain at the Vlerick Business School in Ghent; and Karl-Eric Devaux, Planning Consultant, Hatmill, discuss about models for inventory optimization. The event will be moderated by Eric Wilson, Director of Thought Leadership for Institute of Business Forecasting (IBF): https://youtu.be/565fDQMJEEg
Global Supply Chain And Operations Management
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Author : Dmitry Ivanov
language : en
Publisher: Springer Nature
Release Date : 2021-11-19
Global Supply Chain And Operations Management written by Dmitry Ivanov and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-11-19 with Business & Economics categories.
The third edition of this textbook comprehensively discusses global supply chain and operations management (SCOM), combining value creation networks and interacting processes. It focuses on operational roles within networks and presents the quantitative and organizational methods needed to plan and control the material, information, and financial flows in supply chains. Each chapter begins with an introductory case study, while numerous examples from various industries and services help to illustrate the key concepts. The book explains how to design operations and supply networks and how to incorporate suppliers and customers. It examines how to balance supply and demand, a core aspect of tactical planning, before turning to the allocation of resources to meet customer needs. In addition, the book presents state-of-the-art research reflecting the lessons learned from the COVID-19 pandemic, and emerging, fast-paced developments in the digitalization of supply chain and operations management. Providing readers with a working knowledge of global supply chain and operations management, with a focus on bridging the gap between theory and practice, this textbook can be used in core, specialized, and advanced classes alike. It is intended for a broad range of students and professionals in supply chain and operations management.
Mastering Sap Techno Solutions Advanced Techniques For Optimizing Business Processes Sustainable Transportation Future
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Author :
language : en
Publisher: DeepMisti Publication
Release Date : 2025-01-18
Mastering Sap Techno Solutions Advanced Techniques For Optimizing Business Processes Sustainable Transportation Future written by and has been published by DeepMisti Publication this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025-01-18 with Computers categories.
In a world where technology underpins every aspect of business, SAP solutions have emerged as indispensable tools for organizations striving to streamline operations, drive innovation, and achieve sustainable growth. From optimizing supply chains to enabling real-time decision-making, SAP’s versatile platforms empower businesses to remain agile and competitive in an ever- changing marketplace. "Mastering SAP Techno Solutions: Advanced Techniques for Optimizing Business Processes & Sustainable Transportation Future" is a comprehensive guide that delves deep into the intersection of SAP technologies and strategic business transformation. Designed for IT professionals, business leaders, and SAP enthusiasts, this book explores cutting-edge approaches to harnessing SAP solutions for maximum impact, particularly in the realm of sustainable transportation and environmentally conscious operations. In this book, readers will discover: • Advanced techniques for configuring and optimizing SAP systems to enhance business efficiency. • Integration strategies for unifying SAP solutions with emerging technologies such as IoT, AI, and blockchain. • Practical insights into leveraging SAP modules for sustainable supply chain and transportation management. • Case studies highlighting innovative applications of SAP in fostering eco-friendly business practices. • Future trends in SAP development and their implications for digital transformation. As sustainability becomes a core objective for businesses globally, this book places a special emphasis on how SAP solutions can drive green initiatives, reduce carbon footprints, and enable smarter, more efficient transportation systems. By blending technical expertise with visionary strategies, this book provides readers with actionable knowledge to thrive in the modern era of digitalization and environmental responsibility. Authors
Innovative Research In Social Sciences Humanities Arts Business Management
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Author : Dr. Dilipkumar A. Ode, Shaikh M.A Raheman
language : en
Publisher: REDSHINE Publication
Release Date : 2024-06-14
Innovative Research In Social Sciences Humanities Arts Business Management written by Dr. Dilipkumar A. Ode, Shaikh M.A Raheman and has been published by REDSHINE Publication this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-06-14 with Antiques & Collectibles categories.