Dynamic Inventory Management in Reverse Logistics

Dynamic Inventory Management in Reverse Logistics

Author: Rainer Kleber

Publisher: Springer Science & Business Media

Published: 2007-02-02

Total Pages: 191

ISBN-13: 3540332308

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The integration of product recovery into regular production processes enables new opportunities for cost savings. In case of a dynamic planning situation, for instance when dealing with seasonality or the product life cycle, new motives for keeping stock arise. The work aims to identify those motives and to describe their effects by using methods of optimal control theory.


Inventory Management

Inventory Management

Author: Mohamad Y. Jaber

Publisher: CRC Press

Published: 2009-08-11

Total Pages: 246

ISBN-13: 1420079980

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As markets become more dynamic and competitive, companies must reconsider how they view inventory and make changes to their production and inventory systems. They must begin to think outside the classical box and develop a new paradigm of inventory management. Exploring the trend away from classical models based on economic order quantities to depe


Global Supply Chain and Operations Management

Global Supply Chain and Operations Management

Author: Dmitry Ivanov

Publisher: Springer Nature

Published: 2021-11-19

Total Pages: 673

ISBN-13: 3030723313

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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.


Inventory Optimization

Inventory Optimization

Author: Nicolas Vandeput

Publisher: Walter de Gruyter GmbH & Co KG

Published: 2020-08-24

Total Pages: 318

ISBN-13: 3110673940

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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


Research Handbook on Inventory Management

Research Handbook on Inventory Management

Author: Jing-Sheng J. Song

Publisher: Edward Elgar Publishing

Published: 2023-08-14

Total Pages: 565

ISBN-13: 180037710X

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This comprehensive Handbook provides an overview of state-of-the-art research on quantitative models for inventory management. Despite over half a century’s progress, inventory management remains a challenge, as evidenced by the recent Covid-19 pandemic. With an expanse of world-renowned inventory scholars from major international research universities, this Handbook explores key areas including mathematical modelling, the interplay of inventory decisions and other business decisions and the unique challenges posed to multiple industries.


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.


Warehouse Management and Inventory Control System

Warehouse Management and Inventory Control System

Author: Mamta Malik Rathee

Publisher: Literatureslight Publishing

Published: 2024-10-23

Total Pages: 148

ISBN-13:

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"Warehouse Management and Inventory Control System" offers an in-depth exploration of key practices essential for the modern supply chain. The book is a valuable resource for professionals and students alike, aiming to enhance understanding and efficiency in warehouse operations. Beginning with an overview of warehouse management, the book highlights its role within the broader supply chain, outlining core functions and best practices. Material handling, storage methods, stocktaking, and managing surplus materials are thoroughly covered, emphasizing the need for accuracy and smooth operations. With the rise of digital technologies, the book discusses the impact of automation and the use of key performance indicators (KPIs) in improving warehouse efficiency. Security, safety, and maintenance, vital for the protection of assets and personnel, are also addressed in detail. The guide delves into inventory management strategies, such as Economic Order Quantity (EOQ), safety stock, and service level concepts, crucial for handling fluctuating demand. A dedicated chapter on Just-In-Time (JIT) inventory systems provides insights into its principles and application. Practical case studies and exercises offer real-world applications, making the book an essential toolkit for mastering warehouse management and inventory control in today's globalized environment.


Strategic Safety Stocks in Supply Chains

Strategic Safety Stocks in Supply Chains

Author: Stefan Minner

Publisher: Springer Science & Business Media

Published: 2012-12-06

Total Pages: 221

ISBN-13: 3642582966

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Increasing customer requirements, product variety, and market competition demand for service and cost improvements by model based inventory control in supply chains. The book presents approaches for safety stock determination in manufacturing and logistics networks. Most of the existing literature provides methods for very specific types of supply networks. The approach presented in this book follows a material flow philosophy that allows for several extensions of the basic models and therefore offers a wide applicability within decision support systems. Models for several types of problems and network structures are presented and analyzed to develop efficient optimization algorithms and heuristics.