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- A Guide to Implementing a World-Class Cycle Counting Program
- Inventory crosses a variety of functional areas, in some cases with little or no distinction. Inventory policy is a strategic, corporate management issue with broad supply-chain ramifications. Inventory control represents the tactical, day-to-day aspects of executing the policies, as particularly focused in replenishment order releasing, the taking of physical inventories,...
- White papers 2004-10-07
- A Perceptions Framework For Categorizing Inventory Policies In Single-Stage Inventory Systems
- In this paper we propose a perceptions framework for categorizing a range of inventory policies, including optimal inventory policies, that can be employed in a single-stage supply chain. We take the existence of a wide range of inventory policies, including what we would term optimal and suboptimal policies, as given...
- White papers 2007-06-01
Additional Resources
- Coordinating Inventory Control And Pricing Strategies
- We analyze a finite horizon, single product, periodic review model in which pricing and production/inventory decisions are made simultaneously. Demands in different periods are random variables that are independent of each other and their distributions depend on the product price. Pricing and ordering decisions are made at the beginning of...
- White papers 2004-11-01
- 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...
- White papers 2005-12-01
- New Manugistics Product Revolutionizes Inventory Planning; Product Solves Industry-wide Stockout and Overstocking Issues
- ROCKVILLE, Md. -- Manugistics Group, Inc. (NASDAQ:MANU), a leading global provider of synchronized supply chain management solutions, today unveiled its Inventory Policy Optimization IPO solution, a revolutionary new product that makes supply chains more profitable.
- Research articles 2005-03-03
- Desarrolladora Homex SA de CV Q3 2007 Earnings Call Transcript
- Question-and-Answer SessionOperator Thank you. We will now begin the question-and-answer session. [Operator Instructions]. We have a question from Jorge Kury with Morgan Stanley. Go ahead, Jorge. Jorge Kury - Morgan Stanley Hi, good morning. Two quick questions, the first one, operating expenses were up 36% year-on-year,...
- Earnings calls 2007-10-25
- Optimal Inventory-Management-Policy For Commodity Storage-Assets
- Commodity storage-assets can be either physical storage-facilities, or contracts guaranteeing their use. Merchants employ them to support their commodity-trading activities in wholesale markets, which are characterized by notoriously volatile prices. Managing a storage asset requires determining an inventory-management policy, which, given a realization of the commodity price, consists of choosing...
- White papers 2005-12-01
- Inventory Control In A Multi-Supplier System
- An enterprise network is analyzed from the viewpoint of an end-product manufacturer who receives customer orders and organises his production and supply policy so as to minimize the sum of his average holding cost and average stock-out cost. For each main component to be ordered, the producer has several possible...
- White papers 2005-01-06
- Subject: Policy for Unique identification of Tangible Personal Property Legacy Items in Inventory and Operational Use, Including Government Furnished Property
- THE UNDER SECRETARY OF DEFENSE 3010 DEFENSE PENTAGON WASHINGTON, DC 20301-3010 DEC 23 2004 MEMORANDUM FOR: SEE DISTRIBUTION SUBJECT: Policy for Unique identification UID of Tangible Personal Property Legacy Items in Inventory and Operational Use, Including Government Furnished Property GFP Effective immediately, this policy...
- Research articles 2005-05-01
- Supply Chain Inventory Management and the Value of Shared Information
- In traditional supply chain inventory management, orders are the only information firms exchange, but information technology now allows firms to share demand and inventory data quickly and inexpensively. This paper studies the value of sharing these data in a model with one supplier, N identical retailers, and stationary stochastic consumer...
- White papers 2000-08-01
- LIFO vs FIFO Inventory Accounting at Home Depot
- Home Depot, Inc. announced a key change in accounting principals in its third quarter filing with the SEC. After adopting a new enterprise resource planning system, otherwise known in the wholesale-retail world as an “ERP†system, Home Depot is now keeping track of inventory values in its Canada retail operations...
- Blog posts 2008-12-27
- Dynamic Pricing And Inventory Control With Demand Substitution: The Value Of Pricing Flexibility
- This paper studies a one-shot inventory replenishment problem with dynamic pricing. The customer arrival process is assumed either to be piecewise deterministic and correlated across time or to follow a geometric Brownian motion. Homogeneous customers have an iso-elastic demand function and do not behave strategically. For a monopolist facing a...
- White papers 2004-06-22
- 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...
- White papers 2005-12-27
- Optimal Retail Pricing And Inventory Polices With Uncertain Dynamic Demand
- We develop a dynamic demand rate model for the optimization of retail sales, solving the joint inventory and pricing problem. The inclusion of a demand rate that is dependent upon past pricing decisions, referred to as dynamic demand, is a departure from the typical approaches to the joint pricing and...
- White papers 2006-08-16
- Optimal Pricing And Inventory Polices With Dynamic Demand
- We develop a dynamic demand rate model for the optimization of retail sales of perishable assets, solving the joint inventory and pricing problem. The inclusion of a demand rate that is dependent upon past pricing decisions is a departure from the typical approaches to the joint pricing and inventory decision....
- White papers 2006-07-24
- 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...
- White papers 2007-04-01
- Slow Moving Inventory
- Policy and procedure will definitely help to optimize inventory performance. However, system support is required too. Determining the number of slow moving items, especially when the demand quantity fluctuates significantly can present difficulties. Unless the inventory manager has system support, an overly conservative response usually results, which in turn fosters...
- White papers 2003-01-01
- Inventory Management And Purchasing: Often Overlooked As A Profit Center
- The most important step to success is to establish the policy that will convert and treat the purchasing function as a profit asset center. Informing your business partners that you manage your purchasing/inventory functions as a profit center will further increase their respect for your dealership and offer another...
- White papers 2003-01-01
- The milk inventory management study - milk supply, price and price support program - U.S. Dept. of Agriculture, Economic Research Service report
- Dairy policy is again in the spotlight. The 1990 farm bill required USDA to submit a report to Congress assessing alternative milk inventory management programs. The Milk Inventory Management Report has generated considerable interest on Capitol Hill and in the dairy and related industries. The report evaluated four general...
- Research articles 1991-08-01
- Effective Dual Sourcing With A Single Index Policy
- We consider a single stage periodic-review inventory system with backorders and dual sourcing: Replenishment can occur through a regular channel and/or a more expensive expedited channel with a smaller lead time. Globally optimal policies for these problems are in general highly complex; we therefore introduce a simple class of heuristic...
- White papers 2006-06-14
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