Inventory Classification Innovation
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Inventory Classification Innovation
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Author : Russell Broeckelmann
language : en
Publisher: CRC Press
Release Date : 1998-10-28
Inventory Classification Innovation written by Russell Broeckelmann and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998-10-28 with Business & Economics categories.
All Inventory is not created equal. Inventory classification is the backbone of distribution profitability. Important inventory management criteria such as customer service level, margin, days supply and EOQ can not be applied across the board by vendor or product category. Therefore, different types of items must be managed differently. Inventory Classification Innovation: Paving the Way for Electronic Commerce and Vendor Managed Inventory takes a quantum leap forward and explores inventory classification techniques used successfully in large multi-branch distribution for over 25 years. In his book Broeckelmann develops the innovative concepts of Type and Stock Code classifications. Type classification is based on the fundamental characteristics of an SKU - Cost and Demand. The author details a proven method of segmenting inventory by cost and demand to recognize the difference in SKUs; thereby allowing appropriate classification and the ability to treat different SKUs differently. Type allows implementation of the important inventory management criteria to classes of items that are homogeneous, independent of vendor or product category. Stock Code deals with the quantitative/subjective differences of how a product could be purchased and distributed in a multi-branch environment. Stock Code ignores vendor and product categories and allows purchasing and distribution based on item fundamentals such as 'required inventory' and 'central warehouse stock only', etc. Timing is critical. Don't rely on ineffective ABC methods, or worse try to reinvent the wheel for e-commerce. This book presents a new and unique method for inventory management and pricing matrix development to meet the needs of the virtual marketplace. You will find the techniques to start thinking beyond the one-size-fits-all approach of the ABC Inventory Method, and begin using the innovative Type & Stock Method. Inventory Classification Innovation truly paves the way for electronic commerce and Vendor Managed Inventory.
Icickm2012 Proceedings Of The 9th International Conference On Intellectual Capital Knowledge Management And Organisational Learning
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Author : Fernando Chaparro
language : en
Publisher: Academic Conferences Limited
Release Date : 2012
Icickm2012 Proceedings Of The 9th International Conference On Intellectual Capital Knowledge Management And Organisational Learning written by Fernando Chaparro and has been published by Academic Conferences Limited this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with Intellectual capital categories.
Construction Equipment Management For Engineers Estimators And Owners
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Author : Douglas D. Gransberg
language : en
Publisher: CRC Press
Release Date : 2006-06-13
Construction Equipment Management For Engineers Estimators And Owners written by Douglas D. Gransberg and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-06-13 with Technology & Engineering categories.
Based on the authors' combined experience of seventy years working on projects around the globe, Construction Equipment Management for Engineers, Estimators, and Owners contains hands-on, how-to information that you can put to immediate use. Taking an approach that combines analytical and practical results, this is a valuable reference for a wide r
Classification Inventory
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Author :
language : en
Publisher:
Release Date : 1947
Classification Inventory written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1947 with categories.
Manufacturing Handbook Of Best Practices
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Author : Jack B. ReVelle
language : en
Publisher: CRC Press
Release Date : 2001-12-26
Manufacturing Handbook Of Best Practices written by Jack B. ReVelle and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001-12-26 with Business & Economics categories.
Manufacturing Handbook of Best Practices: An Innovation, Productivity, and Quality Focus gives you a working knowledge of today's cutting edge tools - preparing you for the way you will be doing your job tomorrow. With contributions from seasoned manufacturing experts, the book provides a single-source reference to what's currently happening in mod
Optimizing Inventory For Profitability And Order Fulfillment Improvement
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Author : Liu (Dorothy). Yang
language : en
Publisher:
Release Date : 2016
Optimizing Inventory For Profitability And Order Fulfillment Improvement written by Liu (Dorothy). Yang and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with Electronic books categories.
Despite the extensive research on inventory management, few studies have investigated the optimization of inventory classification and control policies for maximizing the net present value of profit and order fulfillment performance. This dissertation aims to fill the gaps, and consists of two main essays. Essay One (Chapter 1) presents a new multi-period optimization model to explicitly address nonstationary demand, arbitrary review periods, and SKU-specific lead times, with the objective of maximizing the net present value of profit. A real-world application and computational experiments show that the optimal dynamic inventory classification and control decisions obtained from the model significantly reduce both safety stock and base stock levels compared to a multi-criteria inventory classification scheme and the traditional ABC approach. Essay Two (Chapter 2) examines two order-based fulfillment performance measures: the order fill rate, defined as the percentage of orders that are completely filled from available inventory; and the average customer-order fill rate, defined as the mean percentage of total units in a customer order that can be filled from on-hand inventory. Novel optimization models are developed to maximize the order fulfillment performance. Computational results indicate that a commonly used item-based measure in general does not adequately indicate order-based performance, and the tradeoffs between profit and order-based measures vary with inventory investment. This research contributes to the existing literature by providing new approaches to optimize inventory classification and control policies with various performance criteria. It also provides practitioners with a viable way to manage inventory with nonstationary demand, general review periods and lead times, and further allows companies to quantity the tradeoffs of different performance measures.
Effective Transition From Design To Production
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Author : David F. Ciambrone
language : en
Publisher: CRC Press
Release Date : 2007-10-04
Effective Transition From Design To Production written by David F. Ciambrone and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-10-04 with Business & Economics categories.
Taking a new product from the design stage to large-scale production in a profitable, efficient manner can challenge the processes of even the most advanced companies. Lapses in these processes drive up the cost of new products, and hinder their launch into the marketplace. Effective Transition from Design to Production provides an expeditio
Management Of Data Quality In Enterprise Resource Planning Systems
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Author : Michael Röthlin
language : en
Publisher: BoD – Books on Demand
Release Date : 2010
Management Of Data Quality In Enterprise Resource Planning Systems written by Michael Röthlin and has been published by BoD – Books on Demand this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with Business & Economics categories.
Originally presented as the author's thesis (doctoral)--Universiteat Bern, 2010.
Basics Of Supply Chain Management
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Author : Lawrence D. Fredendall
language : en
Publisher: CRC Press
Release Date : 2000-12-28
Basics Of Supply Chain Management written by Lawrence D. Fredendall and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000-12-28 with Business & Economics categories.
Supply Chain Management (SCM) was once a "pie in the sky" concept that could not be fully achieved. A key barrier was the cost of communicating with and coordinating among the many independent suppliers in each supply chain. SCM is possible because of three changes: technology has developed that simplifies communication, new management paradigms ha
Erp
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Author : Carol A Ptak
language : en
Publisher: CRC Press
Release Date : 2003-10-20
Erp written by Carol A Ptak and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-10-20 with Business & Economics categories.
Completely revised and updated, ERP: Tools, Techniques, and Applications for Integrating the Supply Chain, Second Edition describes, from the perspective of a business manager, concepts and tools for enterprise planning, management, and execution. The text is written in an easy-to-read format, with many real examples from a variety of industries that illustrate key points. This book can be used over and over, as a quick reference to obtain insight into ERP topics. The Second Edition introduces many new topics, including: Supplier relationship management (SRM) Strategic sourcing Throughput supply chain measures such as inventory dollar days and throughput dollar days Product Life Cycle Management (PLM) Technology architecture choices Customer relationship management With the help of a a Management Interactive Case Study System (MICSS) available for download, this volume explains the application of ERP tools and techniques to different types of businesses, and enables you to test the concepts in a computer simulation model. You can control the dynamics of handling an ERP program within a virtual company, and learn from the resulting analysis of how to guide to this company to financial success. This simulation package allows you to test your newly acquired knowledge before implementing your chosen ERP system.