Optimization And Inventory Management

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Optimization and Inventory Management

Nita H. Shah,Mandeep Mittal
Optimization and Inventory Management Book PDF

Author : Nita H. Shah,Mandeep Mittal
Publisher : Springer Nature
Page : 470 pages
File Size : 45,6 Mb
Release : 2019-08-31
Category : Business & Economics
ISBN : 9789811396984

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Optimization and Inventory Management by Nita H. Shah,Mandeep Mittal Pdf

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.

Inventory Optimization

Nicolas Vandeput
Inventory Optimization Book PDF

Author : Nicolas Vandeput
Publisher : Walter de Gruyter GmbH & Co KG
Page : 305 pages
File Size : 52,6 Mb
Release : 2020-08-24
Category : Business & Economics
ISBN : 9783110673999

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Inventory Optimization by Nicolas Vandeput Pdf

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

Demand-Driven Inventory Optimization and Replenishment

Robert A. Davis
Demand Driven Inventory Optimization and Replenishment Book PDF

Author : Robert A. Davis
Publisher : John Wiley & Sons
Page : 320 pages
File Size : 47,9 Mb
Release : 2016-01-19
Category : Business & Economics
ISBN : 9781119174028

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Demand-Driven Inventory Optimization and Replenishment by Robert A. Davis Pdf

Remove built-in supply chain weak points to more effectively balance supply and demand Demand-Driven Inventory Optimization and Replenishment shows how companies can support supply chain metrics and business initiatives by removing the weak points built into their inventory systems. Beginning with a thorough examination of Just in Time, Efficient Consumer Response, and Collaborative Forecasting, Planning, and Replenishment, this book walks you through the mathematical shortcuts set up in your management system that prevent you from attaining supply chain excellence. This expanded second edition includes new coverage of inventory performance, business verticals, business initiatives, and metrics, alongside case studies that illustrate how optimized inventory and replenishment delivers results across retail, high-tech, men's clothing, and food sectors. Inventory optimization allows you to avoid out-of-stock situations without impacting the bottom line with excessive inventory maintenance. By keeping just the right amount of inventory on hand, your company is better able to meet demand without sacrificing the cost-effectiveness of other supply chain strategies. The trick, however, is determining "just the right amount"—and this book provides the background and practical guidance you need to do just that. Examine the major supply chain strategies of the last 30 years Remove the shortcuts that prohibit supply chain excellence Optimize your supply/demand balance in any vertical Overcome systemic weaknesses to strengthen the bottom line Inventory optimization is benefitting companies around the world, as exemplified here by case studies involving Matas, PWT, Wistron, and Amway. When inefficiencies are built into the system, it's only smart business to identify and remove them—and implement a new streamlined process that runs like a well-oiled machine. Demand-Driven Inventory Optimization and Replenishment is an essential resource for exceptional supply chain management.

Inventory Optimization with SAP

Marc Hoppe
Inventory Optimization with SAP Book PDF

Author : Marc Hoppe
Publisher : SAP PRESS
Page : 705 pages
File Size : 42,7 Mb
Release : 2008
Category : Inventory control
ISBN : 1592292054

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Inventory Optimization with SAP by Marc Hoppe Pdf

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.

Application of Optimization in Production, Logistics, Inventory, Supply Chain Management and Block Chain

Biswajit Sarkar,Mitali Sarkar
Application of Optimization in Production Logistics Inventory Supply Chain Management and Block Chain Book PDF

Author : Biswajit Sarkar,Mitali Sarkar
Publisher : MDPI
Page : 618 pages
File Size : 49,7 Mb
Release : 2020-04-23
Category : Technology & Engineering
ISBN : 9783039285228

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Application of Optimization in Production, Logistics, Inventory, Supply Chain Management and Block Chain by Biswajit Sarkar,Mitali Sarkar Pdf

The evolution of industrial development since the 18th century is now experiencing the fourth industrial revolution. The effect of the development has propagated into almost every sector of the industry. From inventory to the circular economy, the effectiveness of technology has been fruitful for industry. The recent trends in research, with new ideas and methodologies, are included in this book. Several new ideas and business strategies are developed in the area of the supply chain management, logistics, optimization, and forecasting for the improvement of the economy of the society and the environment. The proposed technologies and ideas are either novel or help modify several other new ideas. Different real life problems with different dimensions are discussed in the book so that readers may connect with the recent issues in society and industry. The collection of the articles provides a glimpse into the new research trends in technology, business, and the environment.

Periodic Review Inventory Systems

Thomas Wensing
Periodic Review Inventory Systems Book PDF

Author : Thomas Wensing
Publisher : Springer Science & Business Media
Page : 151 pages
File Size : 47,8 Mb
Release : 2011-06-26
Category : Business & Economics
ISBN : 3642204791

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Periodic Review Inventory Systems by Thomas Wensing Pdf

The focus of the work is twofold. First, it provides an introduction into fundamental structural and behavioral aspects of periodic review inventory systems. Second, it includes a comprehensive study on analytical and optimization aspects of a specific class of those systems. For the latter purpose, general solution methods for problems of inventory management in discrete time are described and developed along with highly specialized methods to solve very specific problems related to the model variants examined. The work is thus addressed to students and practitioners who seek a deeper understanding of managing inventories in discrete time as well as to software developers who require implementation aids on specific problems of inventory management.

Inventory Management and Optimization in SAP ERP

Elke Roettig
Inventory Management and Optimization in SAP ERP Book PDF

Author : Elke Roettig
Publisher : SAP PRESS
Page : 0 pages
File Size : 45,6 Mb
Release : 2016
Category : Inventory control
ISBN : 1493213105

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Inventory Management and Optimization in SAP ERP by Elke Roettig Pdf

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)

Applying Inventory Optimization

Daniel Zavala,Diana Salazar
Applying Inventory Optimization Book PDF

Author : Daniel Zavala,Diana Salazar
Publisher : Unknown
Page : 180 pages
File Size : 52,8 Mb
Release : 2015-08-01
Category : Electronic
ISBN : 1606505947

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Applying Inventory Optimization by Daniel Zavala,Diana Salazar Pdf

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.

Soft Computing in Inventory Management

Nita H. Shah,Mandeep Mittal
Soft Computing in Inventory Management Book PDF

Author : Nita H. Shah,Mandeep Mittal
Publisher : Springer Nature
Page : 228 pages
File Size : 55,5 Mb
Release : 2021-08-21
Category : Business & Economics
ISBN : 9789811621567

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Soft Computing in Inventory Management by Nita H. Shah,Mandeep Mittal Pdf

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.

The Definitive Guide to Inventory Management

CSCMP,Matthew A. Waller,Terry L. Esper
The Definitive Guide to Inventory Management Book PDF

Author : CSCMP,Matthew A. Waller,Terry L. Esper
Publisher : Pearson Education
Page : 208 pages
File Size : 45,9 Mb
Release : 2014-03-19
Category : Business & Economics
ISBN : 9780133448849

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The Definitive Guide to Inventory Management by CSCMP,Matthew A. Waller,Terry L. Esper Pdf

Master and apply both the technical and behavioral skills you need to succeed in any inventory management role or function! Now, there’s an authoritative and comprehensive guide to best-practice inventory management in any organization. Authored by world-class experts in collaboration with the Council of Supply Chain Management Professionals (CSCMP), this text illuminates planning, organizing, controlling, directing, motivating and coordinating all the activities used to efficiently control product flow. The Definitive Guide to Inventory Management covers long-term strategic decisions; mid-term tactical decisions; and even short-term operational decisions. Topics discussed include: Basic inventory management goals, roles, concepts, purposes, and terminology Key inventory management elements, processes, and interactions Principles/strategies for establishing efficient and effective inventory flows Using technology in inventory planning and management New approaches to inventory reduction: postponement, vendor-managed inventories, cross-docking, and quick response systems Trade-offs between inventory and transportation costs, including carrying costs Requirements and challenges of global inventory management Best practices, metrics, and frameworks for assessing inventory management performance

Decision Making in Inventory Management

Nita H. Shah,Mandeep Mittal,Leopoldo Eduardo Cárdenas-Barrón
Decision Making in Inventory Management Book PDF

Author : Nita H. Shah,Mandeep Mittal,Leopoldo Eduardo Cárdenas-Barrón
Publisher : Springer Nature
Page : 237 pages
File Size : 54,7 Mb
Release : 2021-08-23
Category : Business & Economics
ISBN : 9789811617294

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Decision Making in Inventory Management by Nita H. Shah,Mandeep Mittal,Leopoldo Eduardo Cárdenas-Barrón Pdf

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.

Inventory Management in Multi-Echelon Networks

Christopher Grob
Inventory Management in Multi Echelon Networks Book PDF

Author : Christopher Grob
Publisher : Springer
Page : 140 pages
File Size : 43,6 Mb
Release : 2018-08-14
Category : Business & Economics
ISBN : 9783658233754

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Inventory Management in Multi-Echelon Networks by Christopher Grob Pdf

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.

Artificial Intelligent Techniques for Wireless Communication and Networking

R. Kanthavel,K. Anathajothi,S. Balamurugan,R. Karthik Ganesh
Artificial Intelligent Techniques for Wireless Communication and Networking Book PDF

Author : R. Kanthavel,K. Anathajothi,S. Balamurugan,R. Karthik Ganesh
Publisher : John Wiley & Sons
Page : 388 pages
File Size : 49,9 Mb
Release : 2022-02-24
Category : Computers
ISBN : 9781119821786

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Artificial Intelligent Techniques for Wireless Communication and Networking by R. Kanthavel,K. Anathajothi,S. Balamurugan,R. Karthik Ganesh Pdf

ARTIFICIAL INTELLIGENT TECHNIQUES FOR WIRELESS COMMUNICATION AND NETWORKING The 20 chapters address AI principles and techniques used in wireless communication and networking and outline their benefit, function, and future role in the field. Wireless communication and networking based on AI concepts and techniques are explored in this book, specifically focusing on the current research in the field by highlighting empirical results along with theoretical concepts. The possibility of applying AI mechanisms towards security aspects in the communication domain is elaborated; also explored is the application side of integrated technologies that enhance AI-based innovations, insights, intelligent predictions, cost optimization, inventory management, identification processes, classification mechanisms, cooperative spectrum sensing techniques, ad-hoc network architecture, and protocol and simulation-based environments. Audience Researchers, industry IT engineers, and graduate students working on and implementing AI-based wireless sensor networks, 5G, IoT, deep learning, reinforcement learning, and robotics in WSN, and related technologies.

Optimal Inventory Control and Management Techniques

Mittal, Mandeep,Shah, Nita H.
Optimal Inventory Control and Management Techniques Book PDF

Author : Mittal, Mandeep,Shah, Nita H.
Publisher : IGI Global
Page : 406 pages
File Size : 52,9 Mb
Release : 2016-03-29
Category : Business & Economics
ISBN : 9781466698895

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Optimal Inventory Control and Management Techniques by Mittal, Mandeep,Shah, Nita H. Pdf

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.

Supply Chain Optimization, Design, and Management: Advances and Intelligent Methods

Minis, Ioannis,Zeimpekis, Vasileios,Dounias, Georgios,Ampazis, Nicholas
Supply Chain Optimization Design and Management Advances and Intelligent Methods Book PDF

Author : Minis, Ioannis,Zeimpekis, Vasileios,Dounias, Georgios,Ampazis, Nicholas
Publisher : IGI Global
Page : 338 pages
File Size : 47,8 Mb
Release : 2010-12-31
Category : Business & Economics
ISBN : 9781615206346

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Supply Chain Optimization, Design, and Management: Advances and Intelligent Methods by Minis, Ioannis,Zeimpekis, Vasileios,Dounias, Georgios,Ampazis, Nicholas Pdf

Computational Intelligence (CI) is a term corresponding to a new generation of algorithmic methodologies in artificial intelligence, which combines elements of learning, adaptation, evolution and approximate (fuzzy) reasoning to create programs that can be considered intelligent. Supply Chain Optimization, Design, and Management: Advances and Intelligent Methods presents computational intelligence methods for addressing supply chain issues. Emphasis is given to techniques that provide effective solutions to complex supply chain problems and exhibit superior performance to other methods of operations research.