Inventory Optimization
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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
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.
Inventory Optimization A Complete Guide To Achieving Greater Profitability
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Author : Le Van De
language : en
Publisher: ABC Consulting Group
Release Date : 2025-05-17
Inventory Optimization A Complete Guide To Achieving Greater Profitability written by Le Van De and has been published by ABC Consulting Group this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025-05-17 with Business & Economics categories.
In the intricate world of business, inventory management is often seen as a necessary evil, a complex task that must be endured to keep the gears of commerce turning. However, this perception overlooks the strategic power of inventory, its potential to not only drive efficiency but also to fuel profitability and enhance customer satisfaction. This book, Inventory Optimization: A Complete Guide to Achieving Greater Profitability,serves as a comprehensive guide to unlocking the full potential of inventory management. It's a journey that will challenge conventional wisdom, dispel outdated notions, and equip you with the knowledge and tools to transform your inventory from a cost center into a profit-driving engine. We'll embark on a deep dive into the symbiotic relationship between marketing and inventory management, exploring how a robust marketing foundation can revolutionize your inventory operations. You'll discover how to bridge the gap between market demands and inventory levels, avoiding the costly pitfalls of stockouts and excess inventory. We'll deconstruct Dell's innovative Push-Pull strategy, a masterclass in agile inventory management that combines the efficiency of push strategies with the responsiveness of pull strategies. You'll learn how to adapt the core principles of this strategy to your own business, minimizing inventory holding costs while maximizing responsiveness to customer demands. We'll explore the Min-Max inventory strategy, a safety net for uncertain demand that helps you strike the delicate balance between preparedness and efficiency. You'll gain insights into the true costs associated with holding inventory, the benefits of mitigating stockouts, and the strategic considerations for implementing Min-Max effectively. We'll go beyond the basics to explore advanced inventory management techniques, such as BOM substructure analysis, a powerful tool for reducing design costs and optimizing inventory by leveraging common components across multiple products. You'll discover how to identify and implement standardized components, streamline production processes, and enhance overall competitiveness. We'll also delve into the often-overlooked costs associated with custom designs, including inventory carrying costs and receivable financing costs. You'll learn how to track and manage these costs, negotiate favorable terms with customers, and protect your bottom line in the face of change requests and unforeseen circumstances. This book is not just a theoretical treatise on inventory management; it's a practical guide filled with actionable strategies, real-world examples, and insightful case studies. Whether you're a seasoned supply chain professional or a business owner seeking to improve your inventory operations, this book will provide you with the knowledge and tools you need to achieve inventory optimization and drive greater profitability.
Six Steps Inventory Optimization
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Author : antonio zrilic
language : en
Publisher: Lulu.com
Release Date : 2012-12-14
Six Steps Inventory Optimization written by antonio zrilic and has been published by Lulu.com this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-14 with Business & Economics categories.
The story about inventory optimization is never ending story, and it is caught in vicious circle. Six steps we described in this book will help you to keep inventories under control and you manage them, and not vice versa. My desire was to give you the tools that will be able to feed the wolf (read: to satisfy customers), and no sheep are missing (read this again: that the costs are optimal and under control). It is important to note that any method, including this one, will not do the job instead of you. In addition you need to go regularly through these steps, you will also have to make certain strategic and operational decisions on a daily basis. And remember that the worst decision you can make is the one you do not make.
The Definitive Guide To Inventory Management
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Author : CSCMP
language : en
Publisher: Pearson Education
Release Date : 2014-03-19
The Definitive Guide To Inventory Management written by CSCMP and has been published by Pearson Education this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-03-19 with Business & Economics categories.
Master and apply both the technical and behavioral skills you need to succeed in any inventory management role or function! Now, there’s an authoritative and comprehensive guide to best-practice inventory management in any organization. Authored by world-class experts in collaboration with the Council of Supply Chain Management Professionals (CSCMP), this text illuminates planning, organizing, controlling, directing, motivating and coordinating all the activities used to efficiently control product flow. The Definitive Guide to Inventory Management covers long-term strategic decisions; mid-term tactical decisions; and even short-term operational decisions. Topics discussed include: Basic inventory management goals, roles, concepts, purposes, and terminology Key inventory management elements, processes, and interactions Principles/strategies for establishing efficient and effective inventory flows Using technology in inventory planning and management New approaches to inventory reduction: postponement, vendor-managed inventories, cross-docking, and quick response systems Trade-offs between inventory and transportation costs, including carrying costs Requirements and challenges of global inventory management Best practices, metrics, and frameworks for assessing inventory management performance
Inventory Optimization Mastery
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Author : Pasquale De Marco
language : en
Publisher: Pasquale De Marco
Release Date : 2025-03-07
Inventory Optimization Mastery written by Pasquale De Marco and has been published by Pasquale De Marco this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025-03-07 with Business & Economics categories.
**Inventory Optimization Mastery: The Definitive Guide to Optimizing Inventory Levels, Reducing Costs, and Improving Customer Service** In today's competitive business environment, inventory optimization is no longer a luxury but a necessity. Organizations that can effectively manage their inventory levels gain a significant advantage in terms of cost reduction, improved customer service, and increased profitability. **Inventory Optimization Mastery** provides a comprehensive roadmap to help businesses achieve inventory optimization success. Written by a team of experienced supply chain and inventory management experts, this book covers the full spectrum of inventory optimization, from forecasting demand and determining optimal inventory levels to implementing effective inventory control systems and leveraging technology to automate and optimize inventory management processes. With a focus on practical implementation, **Inventory Optimization Mastery** is packed with real-world examples and case studies that illustrate how businesses have successfully optimized their inventory management practices to achieve measurable results. Readers will learn how to: * Accurately forecast demand using a variety of quantitative and qualitative techniques * Determine optimal inventory levels based on demand patterns, lead times, and carrying costs * Implement effective inventory control systems to ensure accurate inventory records and efficient warehouse operations * Manage inventory costs effectively through inventory reduction strategies, just-in-time inventory management, and vendor-managed inventory * Leverage technology to automate and optimize inventory management processes, including enterprise resource planning (ERP) systems, advanced planning and scheduling (APS) systems, and inventory optimization software Whether you are a supply chain manager, a logistics professional, or a business owner looking to improve your inventory management practices, **Inventory Optimization Mastery** is an invaluable resource that will help you unlock the full potential of inventory optimization. By following the principles and practices outlined in this book, you can transform your inventory management function from a cost center into a profit center, driving improved customer service, increased profitability, and sustainable growth. If you like this book, write a review!
Demand Driven Inventory Optimization And Replenishment
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Author : Robert A. Davis
language : en
Publisher: John Wiley & Sons
Release Date : 2013-09-11
Demand Driven Inventory Optimization And Replenishment written by Robert A. Davis and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-09-11 with Business & Economics categories.
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.
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)
Sustainable Inventory Management
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Author : Nita H. Shah
language : en
Publisher: Springer Nature
Release Date : 2025-02-25
Sustainable 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 2025-02-25 with Business & Economics categories.
The book provides various research methods and ordering policies for inventory management in the sustainable environment in India. Sustainable inventory management is an area in which more studies from India are needed. In the age where global warming, environmental disasters, and increased public awareness about environmental issues encourage countries to reduce greenhouse gas (GHG) emissions, this book includes a collection of research studies that elaborate various inventory models to determine optimal ordering policy and provide helpful suggestions for reduction in carbon emission while managing inventory. The book is beneficial for practitioners, educators, and researchers in India and other countries. It is also helpful for retailers/managers to improve business functions and make more accurate and realistic decisions.