Inventory Control

Inventory Control

Author: Sven Axsäter

Publisher: Springer

Published: 2015-07-06

Total Pages: 271

ISBN-13: 3319157299

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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.


Book Synopsis Inventory Control by : Sven Axsäter

Download or read book Inventory Control written by Sven Axsäter and published by Springer. This book was released on 2015-07-06 with total page 271 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Essentials of Inventory Management

Essentials of Inventory Management

Author: Max Muller

Publisher: AMACOM Div American Mgmt Assn

Published: 2011

Total Pages: 272

ISBN-13: 0814416551

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Does inventory management sometimes feel like a waste of time? Learn how to maximize your inventory management process to use it as a tool for making important business decisions.


Book Synopsis Essentials of Inventory Management by : Max Muller

Download or read book Essentials of Inventory Management written by Max Muller and published by AMACOM Div American Mgmt Assn. This book was released on 2011 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: Does inventory management sometimes feel like a waste of time? Learn how to maximize your inventory management process to use it as a tool for making important business decisions.

Production and Inventory Control

Production and Inventory Control

Author: George W. Plossl

Publisher: Englewood Cliffs, N.J. : Prentice-Hall

Published: 1967

Total Pages: 458

ISBN-13:

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Management textbook on production planning and input output control, with particular reference to practices in the USA - covers forecasting, supply and demand factors, costs, the time factor, operational research and the use of EDP therein, etc., and includes a number of case studies and bibliographys.


Book Synopsis Production and Inventory Control by : George W. Plossl

Download or read book Production and Inventory Control written by George W. Plossl and published by Englewood Cliffs, N.J. : Prentice-Hall. This book was released on 1967 with total page 458 pages. Available in PDF, EPUB and Kindle. Book excerpt: Management textbook on production planning and input output control, with particular reference to practices in the USA - covers forecasting, supply and demand factors, costs, the time factor, operational research and the use of EDP therein, etc., and includes a number of case studies and bibliographys.

Spare Parts Inventory Control under System Availability Constraints

Spare Parts Inventory Control under System Availability Constraints

Author: Geert-Jan van Houtum

Publisher: Springer

Published: 2015-05-18

Total Pages: 227

ISBN-13: 1489976094

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This book focuses on the tactical planning level for spare parts management. It describes a series of multi-item inventory models and presents exact and heuristic optimization methods, including greedy heuristics that work well for real, life-sized problems. The intended audience consists of graduate students, starting scholars in the field of spare parts inventory control, and spare parts planning specialists in the industry. In individual chapters the authors consider topics including: a basic single-location model; single-location models with multiple machine types and/or machine groups; the multi-location model with lateral transshipments; the classical METRIC model and its generalization to multi-indenture systems; and a single-location model with an explicit modeling of the repair capacity for failed parts and the priorities that one can set there. Various chapters of the book are used in a master course at Eindhoven University of Technology and in a PhD course of the Graduate Program Operations Management and Logistics (a Dutch network that organizes PhD courses in the field of OM&L). The required pre-knowledge consists of probability theory and basic knowledge of Markov processes and queuing theory. End-of-chapter problems appear for all chapters, with some answers appearing in an appendix.


Book Synopsis Spare Parts Inventory Control under System Availability Constraints by : Geert-Jan van Houtum

Download or read book Spare Parts Inventory Control under System Availability Constraints written by Geert-Jan van Houtum and published by Springer. This book was released on 2015-05-18 with total page 227 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on the tactical planning level for spare parts management. It describes a series of multi-item inventory models and presents exact and heuristic optimization methods, including greedy heuristics that work well for real, life-sized problems. The intended audience consists of graduate students, starting scholars in the field of spare parts inventory control, and spare parts planning specialists in the industry. In individual chapters the authors consider topics including: a basic single-location model; single-location models with multiple machine types and/or machine groups; the multi-location model with lateral transshipments; the classical METRIC model and its generalization to multi-indenture systems; and a single-location model with an explicit modeling of the repair capacity for failed parts and the priorities that one can set there. Various chapters of the book are used in a master course at Eindhoven University of Technology and in a PhD course of the Graduate Program Operations Management and Logistics (a Dutch network that organizes PhD courses in the field of OM&L). The required pre-knowledge consists of probability theory and basic knowledge of Markov processes and queuing theory. End-of-chapter problems appear for all chapters, with some answers appearing in an appendix.

Production and Inventory Control Handbook

Production and Inventory Control Handbook

Author: James Harnsberger Greene

Publisher:

Published: 1970

Total Pages: 1114

ISBN-13:

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Book Synopsis Production and Inventory Control Handbook by : James Harnsberger Greene

Download or read book Production and Inventory Control Handbook written by James Harnsberger Greene and published by . This book was released on 1970 with total page 1114 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Optimal Inventory Control and Management Techniques

Optimal Inventory Control and Management Techniques

Author: Mittal, Mandeep

Publisher: IGI Global

Published: 2016-03-29

Total Pages: 406

ISBN-13: 1466698896

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Stock management and control is a critical element to the success and overall financial well-being of an organization. Through the application of innovative practices and technology, businesses are now able to effectively monitor their operations and manage their inventory by evaluating sales patterns and customer preferences. Optimal Inventory Control and Management Techniques explores emergent research in stock management and product control within organizations. Featuring diverse perspectives on the implementation of various optimization techniques, genetic algorithms, and datamining concepts, as well as research on big data applications for inventory management, this publication is a comprehensive reference source for practitioners, educators, and researchers in the fields of logistics, operations management, and retail management.


Book Synopsis Optimal Inventory Control and Management Techniques by : Mittal, Mandeep

Download or read book Optimal Inventory Control and Management Techniques written by Mittal, Mandeep and published by IGI Global. This book was released on 2016-03-29 with total page 406 pages. Available in PDF, EPUB and Kindle. Book excerpt: Stock management and control is a critical element to the success and overall financial well-being of an organization. Through the application of innovative practices and technology, businesses are now able to effectively monitor their operations and manage their inventory by evaluating sales patterns and customer preferences. Optimal Inventory Control and Management Techniques explores emergent research in stock management and product control within organizations. Featuring diverse perspectives on the implementation of various optimization techniques, genetic algorithms, and datamining concepts, as well as research on big data applications for inventory management, this publication is a comprehensive reference source for practitioners, educators, and researchers in the fields of logistics, operations management, and retail management.

Demand Forecasting for Inventory Control

Demand Forecasting for Inventory Control

Author: Nick T. Thomopoulos

Publisher: Springer

Published: 2014-12-04

Total Pages: 188

ISBN-13: 3319119761

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This book describes the methods used to forecast the demands at inventory holding locations. The methods are proven, practical and doable for most applications, and pertain to demand patterns that are horizontal, trending, seasonal, promotion and multi-sku. The forecasting methods include regression, moving averages, discounting, smoothing, two-stage forecasts, dampening forecasts, advance demand forecasts, initial forecasts, all time forecasts, top-down, bottom-up, raw and integer forecasts, Also described are demand history, demand profile, forecast error, coefficient of variation, forecast sensitivity and filtering outliers. The book shows how the forecasts with the standard normal, partial normal and truncated normal distributions are used to generate the safety stock for the availability and the percent fill customer service methods. The material presents topics that people want and should know in the work place. The presentation is easy to read for students and practitioners; there is little need to delve into difficult mathematical relationships, and numerical examples are presented throughout to guide the reader on applications. Practitioners will be able to apply the methods learned to the systems in their locations, and the typical worker will want the book on their bookshelf for reference. The potential market is vast. It includes everyone in professional organizations like APICS, DSI and INFORMS; MBA graduates, people in industry, and students in management science, business and industrial engineering.


Book Synopsis Demand Forecasting for Inventory Control by : Nick T. Thomopoulos

Download or read book Demand Forecasting for Inventory Control written by Nick T. Thomopoulos and published by Springer. This book was released on 2014-12-04 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book describes the methods used to forecast the demands at inventory holding locations. The methods are proven, practical and doable for most applications, and pertain to demand patterns that are horizontal, trending, seasonal, promotion and multi-sku. The forecasting methods include regression, moving averages, discounting, smoothing, two-stage forecasts, dampening forecasts, advance demand forecasts, initial forecasts, all time forecasts, top-down, bottom-up, raw and integer forecasts, Also described are demand history, demand profile, forecast error, coefficient of variation, forecast sensitivity and filtering outliers. The book shows how the forecasts with the standard normal, partial normal and truncated normal distributions are used to generate the safety stock for the availability and the percent fill customer service methods. The material presents topics that people want and should know in the work place. The presentation is easy to read for students and practitioners; there is little need to delve into difficult mathematical relationships, and numerical examples are presented throughout to guide the reader on applications. Practitioners will be able to apply the methods learned to the systems in their locations, and the typical worker will want the book on their bookshelf for reference. The potential market is vast. It includes everyone in professional organizations like APICS, DSI and INFORMS; MBA graduates, people in industry, and students in management science, business and industrial engineering.

Inventory Analytics

Inventory Analytics

Author: Roberto Rossi

Publisher: Open Book Publishers

Published: 2021-05-24

Total Pages: 184

ISBN-13: 180064177X

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Inventory Analytics provides a comprehensive and accessible introduction to the theory and practice of inventory control – a significant research area central to supply chain planning. The book outlines the foundations of inventory systems and surveys prescriptive analytics models for deterministic inventory control. It further discusses predictive analytics techniques for demand forecasting in inventory control and also examines prescriptive analytics models for stochastic inventory control. Inventory Analytics is the first book of its kind to adopt a practicable, Python-driven approach to illustrating theories and concepts via computational examples, with each model covered in the book accompanied by its Python code. Originating as a collection of self-contained lectures, Inventory Analytics will be an indispensable resource for practitioners, researchers, teachers, and students alike.


Book Synopsis Inventory Analytics by : Roberto Rossi

Download or read book Inventory Analytics written by Roberto Rossi and published by Open Book Publishers. This book was released on 2021-05-24 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inventory Analytics provides a comprehensive and accessible introduction to the theory and practice of inventory control – a significant research area central to supply chain planning. The book outlines the foundations of inventory systems and surveys prescriptive analytics models for deterministic inventory control. It further discusses predictive analytics techniques for demand forecasting in inventory control and also examines prescriptive analytics models for stochastic inventory control. Inventory Analytics is the first book of its kind to adopt a practicable, Python-driven approach to illustrating theories and concepts via computational examples, with each model covered in the book accompanied by its Python code. Originating as a collection of self-contained lectures, Inventory Analytics will be an indispensable resource for practitioners, researchers, teachers, and students alike.

Demand Forecasting and Inventory Control

Demand Forecasting and Inventory Control

Author: Colin Lewis

Publisher: Routledge

Published: 2012-05-23

Total Pages: 172

ISBN-13: 113634683X

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This practical book covers the forecasting- and inventory control methods used in commercial, retail and manufacturing companies. Colin Lewis explains the theory and practice of current demand forecasting methods, the links between forecasts produced as a result of analysing demand data and the various methods by which this information, together with cost information on stocked items, is used to establish the controlling parameters of the most commonly used inventory control systems. The demand forecasting section of the book concentrates on the family of short-term forecasting models based on the exponentially weighted average and its many variants and also a group of medium-term forecasting models based on a time series, curve fitting approach. The inventory control sections investigate the re-order level policy and re-order cycle policy and indicate how these two processes can be operated at minimum cost while offering a high level of customer service.


Book Synopsis Demand Forecasting and Inventory Control by : Colin Lewis

Download or read book Demand Forecasting and Inventory Control written by Colin Lewis and published by Routledge. This book was released on 2012-05-23 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: This practical book covers the forecasting- and inventory control methods used in commercial, retail and manufacturing companies. Colin Lewis explains the theory and practice of current demand forecasting methods, the links between forecasts produced as a result of analysing demand data and the various methods by which this information, together with cost information on stocked items, is used to establish the controlling parameters of the most commonly used inventory control systems. The demand forecasting section of the book concentrates on the family of short-term forecasting models based on the exponentially weighted average and its many variants and also a group of medium-term forecasting models based on a time series, curve fitting approach. The inventory control sections investigate the re-order level policy and re-order cycle policy and indicate how these two processes can be operated at minimum cost while offering a high level of customer service.

Foundations of Inventory Management

Foundations of Inventory Management

Author: Paul Zipkin

Publisher: McGraw-Hill/Irwin

Published: 2000-01-24

Total Pages: 0

ISBN-13: 9780256113792

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Foundations of Inventory Management presents a complete treatment of inventory theory and models for use in advanced undergraduate, masters, or PhD courses in Operations research, manufacturing management or Operations management. Coverage is organized into an introductory section, followed by a section focused on predictable supply and demand, and the third section covering stochastic inventory models. Many recent developments related to or impacting inventory such as ERP systems, supply chain management, JIT, and ERP systems are integrated within the text. The text presents inventory as a critical topic for virtually all businesses today and one in which theory and practice are closely linked. Prequisite coursework for students of this text would include basic optimization theory, stochastic processes, and dynamic programming. The text includes examples as well as rigorous assignment problem sets.


Book Synopsis Foundations of Inventory Management by : Paul Zipkin

Download or read book Foundations of Inventory Management written by Paul Zipkin and published by McGraw-Hill/Irwin. This book was released on 2000-01-24 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Foundations of Inventory Management presents a complete treatment of inventory theory and models for use in advanced undergraduate, masters, or PhD courses in Operations research, manufacturing management or Operations management. Coverage is organized into an introductory section, followed by a section focused on predictable supply and demand, and the third section covering stochastic inventory models. Many recent developments related to or impacting inventory such as ERP systems, supply chain management, JIT, and ERP systems are integrated within the text. The text presents inventory as a critical topic for virtually all businesses today and one in which theory and practice are closely linked. Prequisite coursework for students of this text would include basic optimization theory, stochastic processes, and dynamic programming. The text includes examples as well as rigorous assignment problem sets.