Inventory Optimization
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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.
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.
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.
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.
Decision Making In Inventory Management
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Author : Nita H. Shah
language : en
Publisher: Springer Nature
Release Date : 2021-08-23
Decision Making In 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 2021-08-23 with Business & Economics categories.
This book provides several inventory models for making the right decision in inventory management under different environments. Basically, the optimal ordering policies are determined for situations with and without shortages in production-inventory systems. The chapters in the book include various features of inventory modeling i.e., inflation, deterioration, supply chain, learning, credit financing, carbon emission policy, stock-dependent demand, among others. The book is a useful resource for academicians, researchers, students, practitioners, and managers who can be benefited with the policies provided in the chapters of the book.
Applying Inventory Optimization
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Author : Daniel Zavala
language : en
Publisher:
Release Date : 2015-08-01
Applying Inventory Optimization written by Daniel Zavala and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-08-01 with categories.
Inventory Optimization deals with identifying those products which are most important to the success of a given business and those which are the most profitable. Practitioners of inventory optimization use a group of techniques to aid in making the best possible decisions regarding the quantity of a product to be ordered in every lot. Additionally, the practice examines the length of time a product will last, the reorder point, and the cost of the policy in a given time period. Inventory management and optimization is crucial in order for a manager to deal adequately with uncertainty and variability within a supply chain. The concepts are useful for making decisions in case of price increases, when it may also be important to take advantage of discount policies in the case of certain vendors. Inventory management is also a very important optimization aspect of any supply chain. Applying Inventory Optimization covers the topic and techniques of inventory optimization in a basic, less mathematical form, than other books on the market. The book will be written in a way which will allow practitioners and students to master inventory management principles quickly and efficiently. This simplified approach will focus on the application of the concepts in practice.
Inventory Optimization With Sap
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Author : Marc Hoppe
language : en
Publisher: SAP PRESS
Release Date : 2008
Inventory Optimization With Sap written by Marc Hoppe and has been published by SAP PRESS this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with Inventory control categories.
How can you reduce expensive warehouse stock without risking your customer satisfaction, ability to deliver, and market position? This book teaches you how by providing clear, straightforward details about the SAP system options for implementing efficient inventory management. You'll learn about all of the different functions of SAP ERP and SAP SCM (SAP APO) that are needed to master inventory optimization. In addition, you'll learn about the critical factors that affect your inventory, from inventory analysis, demand planning, and MRP, to service level, lot size, production, and inventory monitoring. This completely updated and expanded second edition includes new sections on MRP and inventory controlling, and is based on SAP ERP 6.0 and SAP SCM 5.1.
Inventory Management In Multi Echelon Networks
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Author : Christopher Grob
language : en
Publisher: Springer
Release Date : 2018-08-14
Inventory Management In Multi Echelon Networks written by Christopher Grob and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-08-14 with Business & Economics categories.
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.
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)
Soft Computing In Inventory Management
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Author : Nita H. Shah
language : en
Publisher: Springer Nature
Release Date : 2021-08-21
Soft Computing In 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 2021-08-21 with Business & Economics categories.
This book presents a collection of mathematical models that deals with the real scenario in the industries. The primary objective of this book is to explore various effective methods for inventory control and management using soft computing techniques. Inventory control and management is a very tedious task faced by all the organizations in any sector of the economy. It makes decisions for policies, activities, and procedures in order to make sure that the right amount of each item is held in stock at any time. Many industries suffer from indiscipline while ordering and production mismatch. It is essential to provide best ordering policy to control such kind of mismatch in the industries. All the mathematical model solutions are provided with the help of various soft computing optimization techniques to determine optimal ordering policy. This book is beneficial for practitioners, educators, and researchers. It is also helpful for retailers/managers for improving business functions and making more accurate and realistic decisions.