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85 Resources for

inventory management

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Midterm Supply Chain Planning Under Demand Uncertainty: Customer Demand Satisfaction and inventory management: This paper utilizes the framework of midterm, multisite supply chain planning under demand uncertainty to safeguard against inventory depletion at the production sites and excessive shortage at the customer. A three-site example supply chain is studied within the proposed framework for providing quantitative guidelines for setting customer satisfaction levels and...; Tags: Supply chain management (SCM), Pennsylvania State University, Inventory Management, supply chain, customer satisfaction; White papers
Industry Spotlight: Logistics and Supply Chain Management: Gaze down the aisles of the local Wal-Mart or scan the listings at Amazon, and a person can easily imagine the technical expertise and wizardry demanded by logistics and supply-chain management. From Radio Frequency IDentification (RFID) chips to inventory management systems, IT professionals work behind the scenes to ensure Elmo...; Tags: Supply chain management (SCM), Enterprise software, Monster, SCM, logistics, RFID, supply chain, Inventory Management, radio, chip, industry; White papers
Upgrade Your Inventory and Accounting Systems: Asian and Hispanic foods retailer Atlanta Oriental Food Wholesale Co. (AOF) has unique needs. Many of its employees speak only Korean, and it receives products from hundreds of importers. As a result, when the company began looking into upgrading its inventory and accounting systems in 2003, it could not implement...; Tags: Integrated Solutions Magazine Inc., accounting system, inventory tracking, accounting, business management, Inventory Management, food, software; Case studies
The Planning Behind an RFID Pilot Project: Nancy's is a manufacturer and distributor of gourmet food products, producing more than 35 tons daily. Nancy's uses a bar code-based inventory management system to track finished products and ingredients as forklift drivers move products and ingredients to and from the production and storage areas. The bar code scanners often...; Tags: Integrated Solutions Magazine Inc., RFID, Inventory Management, cold calling, food, storage; Case studies
Make the Most of Supply Chain Analytics: Dell, Apple, your local grocery store -- all these companies share a common concern: supply chain management. From the initial forecast to final delivery, coordinating activities in a supply chain is a big challenge. But if you do it right, the ROI is huge. Usually the challenge boils down to...; Tags: Supply chain management (SCM), Andrew Hines, supply chain, inventory optimization, Deere & Co., inventory level; Blog posts 2007-07-25

Robust inventory management Using Tractable Replenishment Policies: This paper proposes tractable replenishment policies for a multi-period, single product inventory control problem under ambiguous demands, that is, only limited information of the demand distributions such as mean, support and deviation measures are available. The parameters of the tractable replenishment policies were obtained by solving a deterministic optimization problem...; Tags: Inventory Management, programming; White papers 2007-04-01
Integrated Workforce Capacity And inventory management Under Temporary Labor Supply Uncertainty: In a manufacturing environment with volatile demand, inventory management can be coupled with dynamic capacity adjustments for handling the fluctuations more effectively. This paper considers the problem of integrated capacity and inventory management under non-stationary stochastic demand and flexible capacity uncertainty. The capacity planning problem is investigated from the workforce...; Tags: University of Pennsylvania, Inventory Management, workforce, worker, agency; White papers 2007-01-15
A Computational Model For inventory management And Planning: The objective of the study presented in this paper is to determine the factors of the optimal level of merchandizing inventory. This study is based on a mathematical model. The results revealed some interesting findings. The most important conclusion is that the 'Usage of Material' or the Sales Volume is...; Tags: Inventory Management, ROI, accounting, sales; White papers 2006-10-30
inventory management With Advance Demand Information And Flexible Delivery: This paper explains inventory models with advance demand information and flexible delivery. Customers place their orders in advance, and delivery is flexible in the sense that early shipment is allowed. Specifically, an order placed at time t by a customer with demand leadtime T should be fulfilled by period t+T;...; Tags: Georgia Institute of Technology, Inventory Management, allocation, window; White papers 2006-08-25
Dynamic inventory management With Financial Constraints: Traditional inventory models focus on operational decisions. In this paper, we propose a general framework for incorporating financial states of an organization in multi-period inventory models with lost sales. This approach differs from the traditional ones in that operational decisions are correlated with and constrained by financial flows of the...; Tags: Financial accounting, North Carolina State University, Inventory Management, financial, sales; White papers 2006-07-14
Integrated Capacity And inventory management With Capacity Acquisition Lead Times: In this paper we consider a make-to-stock production system whose permanent production capacity can be increased temporarily by making use of some contingent resources, while this capacity acquisition has a constant lead time associated with it. We present a model where the capacity management problem is handled in an integrated...; Tags: Inventory Management, acquisition; White papers 2006-06-01
CIBER Case Study: Major Brands Beverage Distributors: Missouri's highest volume distributor of wine and spirits, Major Brands Premium Beverage Distributors has experienced significant business growth, which has outpaced the ability of its manual inventory management system to keep up with demand, especially during holiday seasons. The firm tapped CIBER to analyze the problem and implement a solution....; Tags: Food & Beverage, Enterprise software, CIBER Inc., beverage company, warehouse management system, Inventory Management, wine, performance; Case studies 2006-03-31
inventory management: A Way to Give It a Grade: Cell phones that do email, take photos and surf the web. Cars with options ranging from satellite radio to rain-sensing wiper blades. Wireless fabric keyboards that roll up and stow in the pocket. Not a day goes by without a new product roll-out - or the unveiling of a spruced-up,...; Tags: Enterprise software, University of Pennsylvania, Inventory Management, satellite radio, satellite, radio, photograph, cell phone, wireless, phone, e-mail, Web; White papers 2006-02-22
Dynamic inventory management With Learning About The Demand Distribution: A well-known result in the Bayesian inventory management literature is: if lost sales are not observed, the Bayesian optimal inventory level is larger than the myopic inventory level. It has been proven under the assumption that inventory is perishable, so the myopic inventory level is equal to the Bayesian optimal...; Tags: Stanford University, Bayesian, Inventory Management, stock, sales; White papers 2006-01-30
Assortment Planning and inventory management Under Dynamic Stockout-Based Substitution: This paper consider the problem of a monopolist retailer choosing the optimal assortment and in-ventory levels for a discrete set of products with varying prices and costs in order to maximize expected profit in a single-period setting. Customer preferences are modeled through the definition of consumer types, where a type...; Tags: Assortment, Substitution, Customer, Inventory Management, New York University, Retail, Enterprise Software, Software; White papers 2006-01-01
Risk Aversion in inventory management: Traditional inventory models focus on risk-neutral decision makers, i.e., characterizing replenishment strategies that maximize expected total profit, or equivalently, minimize expected total cost over a planning horizon. This paper proposes a framework for incorporating risk aversion in multi-period inventory models as well as multi-period models that coordinate inventory and pricing...; Tags: Pricing, University of Illinois, pricing strategy, Inventory Management; White papers 2005-12-27
Should Inventory Policy Be Lean or Responsive?: Evidence for US Public Companies: In this paper the authors are interested in investigating the association between inventory management policies and the financial performance of a firm. Consulting companies provide some limited evidence that firms that excel in supply chain management/lean techniques also enjoy above-average financial returns. Although several prominent companies have created business value...; Tags: Supply chain management (SCM), Financial accounting, Enterprise software, University of Pennsylvania, supply chain, financial, Inventory Management, SCM, consulting, technique; White papers 2005-12-01
Retail inventory management When Records Are Inaccurate: Inventory record inaccuracy is a significant problem for retailers using automated Inventory Management systems. While investments in preventative and corrective measures can be effective remedies, gains can also be achieved through inventory management tools that account for record errors. This paper considers intelligent Inventory Management tools that account for record...; Tags: University of Chicago, Inventory Management, Bayesian, retail company; White papers 2005-11-10
inventory management in Railway Sleepers: A Simulation Model for Replacement Strategies: This paper describes the development of a simulation model to assess the inventory requirements of alternative rail sleeper replacement strategies. The main aim of the model is to determine the optimal replacement strategy, given replacement costs and resultant train operating cost benefits. The replacement problem has been considered under the...; Tags: Inventory Management, benefit, strategy; White papers 2005-11-15
Novozymes Brings Good Chemistry to Its Customers Supply Chain Processes: Novazymes is the world's leading manufacturer of enzymes and microorganisms. The challenge faced by Novazymes was that it needed to improve their existing collaborative planning forecasting and replenishment (CPFR) processes, thereby reducing inventory management and ordering burdens for its clients. Novozymes engaged IBM Business Consulting Services to create a more...; Tags: IBM Corp., Inventory Management, business consulting services, consulting service, forecasting, supply chain; Case studies 2005-11-01