Production and Inventory Planning and Control: techniques and practices

Production and Inventory Planning and Control: techniques and practices
Author: André Tchokogué
Publisher: Editions JFD
Total Pages: 604
Release: 2023-01-12
Genre: Business & Economics
ISBN: 2897994800

The past few years have seen the utilization of integrated software packages (ERP type) in numerous enterprises. We can thus speak of a large-scale diffusion of the integrated enterprise resource management approach, which induces a growing interest in mastering techniques and approaches put in place in the production planning field, notably collaborative sales and operations planning, master production scheduling, material requirements planning, and implementation control of the plans established. This book adopts this perspective, focusing on the techniques and approaches that contend with decision-making for short- and medium-term planning, and short-term production and inventory control. The application examples that accompany the presentation of each technique would allow students to acquire a good understanding of the links between the concepts, techniques, and their use in practice. For the practice exercises and problems at the end of each chapter, students can deepen their grasp of the role played by production and inventory planning and control in a manufacturing company’s supply chain management, sharpening their skills in applying : The decision support tools and techniques that are implemented in the production planning domain; and The relevant information in decision-making situations. In other words, this book would allow students to obtain the knowledge and know-how that are essential in the competitiveness of a manufacturing firm.

Inventory Planning for a Modular Product Family

Inventory Planning for a Modular Product Family
Author: Anand A. Paul
Publisher:
Total Pages: 21
Release: 2015
Genre:
ISBN:

This paper is motivated by observing that more and more firms are offering modular products assembled with multiple option choices for the consumer. Starting with the PC offerings by Dell which allowed (and still allows) users to configure their product by choosing among multiple choices for each option, the current market place seems to have evolved to a make-to-stock scenario where Apple offers its IPAD series with multiple models each with a unique storage size, color, and wireless chip technology. The focus of our work is on determining the optimal stocking level of modular end-products. Our analysis is based on a benchmark model with the aim of maximizing expected profit subject to an aggregate fill rate constraint as well as variant-specific individual fill rates under a make-to-stock setting. To further assess the robustness of our finding, we consider the extensions of correlated preferences over options and price-dependent demand. Finally we also show how to extend the single period model into a multiple-period setting. Through extensive computational analysis, we find that more precise estimates of market preferences for various modular options constitute extremely valuable information that goes beyond the usefulness of forecasts of aggregate market demand. From a practical perspective, this might be indicative of another classic marketing-operations trade-off. Offering more options for consumers would be preferred by marketing managers since this would reach more consumers and hence, enhance product sales. On the other hand, the ability to obtaining greater forecast accuracy would decline when the number of options increase. Hence, from an operational perspective, it would be preferred to limit option choices (so that better forecasts can be obtained) since this would lead to lower stocking costs and hence, higher profits.

Multi-Stage Production Planning and Inventory Control

Multi-Stage Production Planning and Inventory Control
Author: Sven Axsäter
Publisher: Springer Science & Business Media
Total Pages: 270
Release: 2012-12-06
Genre: Business & Economics
ISBN: 3642516939

This paper treats a two-echelon inventory system. The higher echelon is a single location reffered to as the depot, which places orders for supply of a single com modity. The lower echelon consists of several points, called the retailers, which are supplied by shipments from the depot, and at which random demands for the item occur. Stocks are reviewed and decisions are made periodically. Orders and/or shipments may each require a fixed lead time before reaching their respective desti nations. Section II gives a short literature review of distribution research. Section III introduces the multi-echelon distribution system together with the underlying as sumptions and gives a description of how this problem can be viewed as a Markovian Decision Process. Section IV discusses the concept of cost modifications in a distribution context. Section V presents the test-examples together with their optimal solutions and also gives the characteristic properties of these optimal solutions. These properties then will be used in section VI to give adapted ver sions of various heuristics which were used in assembly experiments previously and which will be tested against the test-examples.

Family Child Care Inventory-Keeper

Family Child Care Inventory-Keeper
Author: Tom Copeland
Publisher: Redleaf Business
Total Pages: 0
Release: 1999
Genre: Business & Economics
ISBN: 9781884834769

An easy-to-use log enabling family child care providers to track the furniture, appliances, and other items used in their businesses.

Inventory Planning with Innovation

Inventory Planning with Innovation
Author: Sanjay Sharma
Publisher: CRC Press
Total Pages: 209
Release: 2021-03-24
Genre: Technology & Engineering
ISBN: 1000367339

Inventory Planning with Innovation: A Cost Focus discusses inventory planning concepts with major emphasis on innovation to reduce cost in a single volume. Provides an understanding of innovation efforts and linking it with inventory planning in reducing cost. Offers various factors influencing innovation efforts, knowledge of investment or expenditure that might be estimated before starting the innovation efforts, purchase inventory, and the manufacturing inventory. Covers important concepts including innovation efforts, strategic period, procurement inventory, total cost estimation, production inventory, related total cost planning, multiple products, multiple items procurements, and multiple items manufacture. This reference is primarily written for senior undergraduate, graduate students, and professionals in the field of industrial engineering, production engineering, and manufacturing science.

Supply Chain Planning and Analytics

Supply Chain Planning and Analytics
Author: Gerald Feigin
Publisher: Business Expert Press
Total Pages: 174
Release: 2011-08-31
Genre: Business & Economics
ISBN: 1606492462

Every company must continually wrestle with the problem of deciding the right quantity and mix of products or services that it should produce as well as when and where to produce them. The problem is challenging because the decision must be made with uncertain and conflicting information about future demand, available production capacity, and sources of supply. The decision is in fact a highly complex balancing act, involving tradeoffs along many dimensions - for example, inventory targets vs. customer service levels, older products vs. newer ones, direct customers vs. channel partners - and requiring the compromise of constituents - sales, marketing, operations, procurement, product development, finance, as well as suppliers and customers - with varied objectives. The ability of a company to nimbly navigate this decision process without giving too much influence to any of the parties involved largely determines how well the company can respond to changing market conditions and ultimately whether the company will continue to thrive. This book focuses on the complex challenges of supply chain planning - the set of business processes that companies use for planning to meet future demand. Supply chain planning comprises a variety of planning processes within an organization: demand planning, sales & operations planning, inventory planning, promotion planning, supply planning, production planning, distribution planning, and capacity planning. Of course, not all companies engage in all of these planning activities and they may refer to these activities by other names but they all struggle with the on-going effort of matching demand with supply. Many textbooks address supply chain planning problems and present mathematical tools and methods for solving certain classes of problems. This book is intended to complement these texts by focusing not on the mathematical models but on the problems that arise in practice that either these models do not adequately address or that make applying the models difficult or impossible. The book is not intended to provide pat solutions to these problems, but more to highlight the complexities and subtleties involved and describe ways to overcome practical issues that have worked for some companies.

Demand Forecasting and Inventory Control

Demand Forecasting and Inventory Control
Author: Colin Lewis
Publisher: Routledge
Total Pages: 172
Release: 2012-05-23
Genre: Business & Economics
ISBN: 113634683X

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.

The Ultimate Household Management Planner Book

The Ultimate Household Management Planner Book
Author: Household Planner Queen
Publisher:
Total Pages: 122
Release: 2019-09
Genre:
ISBN: 9781689893442

Household Planner Queen, a Female-owned Small Business, Proudly Presents The Ultimate Household Management Planner Book! This Family Record Book will help restore your sanity, one page at a time! Gorgeous and hand-designed by our designers, our planners hold everything your heart desires including contacts, medical, school and dental for your children and home data. A Weekly Planner with journal, household inventory and task checklists, a to do list and goals section is also included. This Mom Planner is FILLED with help for every possible aspect of #momlife so, grab your planner stickers, some colorful gel pens and create your own Ultimate Planner Today! This large, 8" x 10" sized softcover Planner has 120 pages, a brilliant cover, and makes an Amazing Mother's Day Gift, Holiday, Birthday or Wedding Anniversary Gift or just as a Sanity Saver! NOTE: Any Gold or Glitter on the Book Cover is Faux Interior Content Includes: Important Contacts Emergency Contact Info Household contacts: Babysitters, School, Contractors, Repair Services, Cleaning, etc Password Manager Family Birthdays and Anniversaries School Information including schedules and teacher info Medical and Dental Contact Information, Allergies, Blood Type Long and Short Term Goal Setting Monthly Bill Tracker Monthly Expense Tracker Blank Seasonal Cleaning Checklist Blank Shopping Checklist These Undated, Week By Week Planner pages repeat weekly for you: Weekly Task Checklist Weekly Activities Personal Goals Weekly To- Do List Mom Goals Priorities Mom's Workout Routine Water Intake Family Meal Planner Grocery Checklist Recipe Section Housework Checklist Refrigerator Inventory Tracker Freezer Inventory Tracker Cabinet Inventory Tracker Pantry Inventory Tracker Cleaning Supplies Inventory Tracker Family Savings and Bank Deposits Tracker Mom's Daily Journal To Do List Kids Chore Chart Many other Book Covers, designs and colors available from Household Planner Queen!