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| discuss the objectives of inventory management: Hands-On Inventory Management Ed C. Mercado, 2007-12-13 Using a clear, organized, and accessible building block approach to managing inventory, this volume offers complete coverage of the basic concepts, calculations, and techniques of inventory. These fundamental techniques, which can be easily applied to handle problems in the workplace, are used to demonstrate current concepts such as lean principles and continuous improvement. Numerous case studies from a variety of industries are provided to illustrate concepts. Additional topics presented include types of inventory, inventory transactions, bills of materials, planning and replenishment, storage and physical control, and supply chain management and technology. |
| discuss the objectives of inventory management: Inventory Management According To NEP - 2020 Priya Mishra,, Imran Ansari, 2022-12-27 1. Introduction to Inventory Management, 2. Inventory Management Process, 3. Concepts of Inventory, 4. Valuation of Inventory, 5. Management of Working Capital, 6. Working Capital Ratio, 7. Inventory Control, 8. Management of Obsolescence and Scrap, |
| discuss the objectives of inventory management: Operations Management R. Dan Reid, Nada R. Sanders, 2005-06-24 This 2nd Value Edition features all the content of Operations Management, 2nd Edition in a paperback format for a new low price. Taking a balanced, integrative approach, Operations Management, 2nd Value Edition demonstrates the critical impact OM has in today's business environments, and shows how it relates to every department in an organization. Authors R. Dan Reid and Nada R. Sanders provide clear, focused, and highly engaging coverage of key operations management topics, and make strong connections across concepts and chapters. |
| discuss the objectives of inventory management: Best Practice in Inventory Management Tony Wild, 2017-11-02 Best Practice in Inventory Management 3E offers a simple, entirely jargon-free and yet comprehensive introduction to key aspects of inventory management. Good management of inventory enables companies to improve their customer service, cash flow and profitability. This text outlines the basic techniques, how and where to apply them, and provides advice to ensure they work to provide the desired effect in practice. With an unrivalled balance between qualitative and quantitative aspects of inventory control, experienced consultant Tony Wild portrays the many ways in which stock management is more nuanced than simple number crunching and mathematical modelling. This long-awaited new edition has been substantially and thoroughly updated. The product of decades of experience and expertise in the field, Best Practice in Inventory Management 3E provides students and professionals, even those with no prior experience in the area, an unbiased and honest picture of what it takes to effectively manage stocks in a firm. |
| discuss the objectives of inventory management: Operations Management R. Dan Reid, Nada R. Sanders, 2009-12-21 |
| discuss the objectives of inventory management: Inventory and Production Management in Supply Chains Edward A. Silver, David F. Pyke, Douglas J. Thomas, 2016-12-19 Authored by a team of experts, the new edition of this bestseller presents practical techniques for managing inventory and production throughout supply chains. It covers the current context of inventory and production management, replenishment systems for managing individual inventories within a firm, managing inventory in multiple locations and firms, and production management. The book presents sophisticated concepts and solutions with an eye towards today’s economy of global demand, cost-saving, and rapid cycles. It explains how to decrease working capital and how to deal with coordinating chains across boundaries. |
| discuss the objectives of inventory management: Best Practice in Inventory Management Tony Wild, 2007-06-01 Good management of inventory enables companies to improve their customer service, cash flow and profitability. 'Best Practice in Inventory Management' outlines the basic techniques, how and where to apply them, and provides advice to ensure they work to produce the desired effect in practice. The book shows how inventory management techniques can be used in a wide variety of situations, particularly in stores where the inventory can be anything from fast moving products to slow moving spares. The discussion extends across distribution warehousing and manufacturers' operations. The text is based on best theory and practice, which has been gradually developed by the inventory management profession over the years. It covers the inventory control aspects included in the courses for the DPIM, COM, DLM, CPIM and other professional and academic qualifications. Readers develop their understanding of stock control by seeing the techniques explained logically and learn how inventory structuring, individual item control, forecasting and co-ordination provide the base for logistics management. This new edition has been up-dated throughout and the final chapter, The Future - Inventory and Logistics, has been re-written to reflect the developing applications of technology and changes in focus. |
| discuss the objectives of inventory management: Inventory Management-principles and Practices. P. Narayan, Jaya Subramanian, 2009 The book Inventory Management Principles and Practices explains all the fundamental principles of Inventory Management. It starts with a definition of Inventory, why it is needed as well as not needed, what is its impact on a business, how do we classify them for ease of control and what are the various techniques of inventory control. Inventory is an outcome of procurement. So obviously, while studying inventories, the logic behind its procurement should be studied. Hence, chapters on Manufacturing Resources Planning have been added. Just-in-time principles and TQM are some more methods of achieving world-class manufacturing, so they have also been included here. In the present scenario, all activities are being computerized. So lessons on e-commerce as well as all the latest technologies that are affecting Inventory Management have been included. Chapters have been included on methods to handle specific classes of inventories such as spare parts inventory, finished goods inventory, work-in-process inventory, surplus, obsolete and non-moving inventory, etc. Logistics and supply chain management defines the path which a material takes in it s life through a company. So it was essential to include a chapter on it also. Keeping in mind the syllabus prescribed in the various universities on this subject, the chapters have been designed accordingly. A chapter has also been included on some motivational thoughts outlining some principles, which would help us to become successful in life. The principles outlined here are universal, applicable to any situation, organization or country. |
| discuss the objectives of inventory management: Operations Management R. Dan Reid, Nada R. Sanders, 2019-12-05 As the business environment continues to rapidly change, Dan Reid and Nada Sanders have developed an integrated approach that makes the introductory OM course accessible and engaging for all business majors. Beyond providing a solid foundation, this course covers emerging topics like Artificial Intelligence, Robotics, Data Analytics, and Sustainability and gives equal time to strategic and tactical decisions in both service and manufacturing organizations. |
| discuss the objectives of inventory management: Inventory Management For B.Com. Sem.-3 (According to NEP-2020) Dr. J.K. Saxena, R.K. Tyagi, 2024-07-02 Table of Content : 1. Inventory Management: Introduction 2. Perpetual Inventory System, Cost and Concepts of Inventory 3. Role and Techniques of Inventory Management 4. Concept and Valuation of Inventory: Introduction 5. Concept and Valuation of Inventory (Product Classification, Product Code, Lead Time and Replenishment Method) 6. Working Capital: Introduction 7. Requirement and Ratio of Working Capital 8. Inventory Control: Introduction 9. Methods of Inventory Control. More Information:- The author of this book is Dr. J.K. Saxena & R.K. Tyagi. |
| discuss the objectives of inventory management: Financial Management Dr. F. C. Sharma, , Rachit Mittal, 2023-06-15 1.Financial Management : Meaning, Nature, Scope and Objectives, 2. Financial Planning, 3. Capital Structure : Theories and Determinants, 4. Operating and Financial Leverage, 5. Capital Budgeting and Investment Decisions, 6. Cost of Capital and Financing Decision, 7. Dividend Policy and Models, 8. Management of Working Capital, 9. Management of Cash, 10. Management of Receivables, 11. Inventory Management. |
| discuss the objectives of inventory management: Business Finance Dr. F. C. Sharma, , CS Rachit Mittal, 2022-09-22 1.Financial Management : Nature, Scope and Objectives, 2 .The Time-Value of Money , 3. Risk and Return (Including Capital Asset Pricing Model), 4. Valuation of Securities : Bond and Equities, 5. Capital Budgeting and Investment Decisions , 6. Cost of Capital and Financing Decision, 7. Operating and Financial Leaverage , 8. Capital Structure : Theories and Determinants, 9. Dividend Policy and Models , 10. Management of Working Capital , 11. Management of Cash , 12. Management of Receivables, 13. Inventory Management . |
| discuss the objectives of inventory management: Essentials of Inventory Management Max Muller, 2019-01-08 The invaluable resource?is the answer book that practitioners and students rely on. It breaks down the job into easy concepts and concrete steps. The bar is set high for inventory control professionals—and well-ordered stock rooms and records are just the beginning. Beyond core tasks such as locating items, you’ve got to project future business needs, hold down costs, and fix supply chain problems. You need strategic and financial knowledge, and the skills to manage many moving parts. With examples, charts, review questions, formulas, and clear explanations, Essentials of Inventory Management will help you: Track inventory costs Read balance sheets Calculate gross profit Set up a locator system Weigh pros and cons of bar codes and RFID Factor in replenishment costs Decide when to get rid of dead stock Pinpoint system dysfunctions Mitigate risks in the supply chain Maintaining physical spaces and databases are only part of your responsibilities. From forecasting to troubleshooting to the fundamentals of finance, Essentials of Inventory Management gives you the tools to optimize efficiency—and drive profits. |
| discuss the objectives of inventory management: INVENTORY MANAGEMENT Prabhu TL, Inventory management aids businesses in determining which goods to order and when to order it. It keeps track of merchandise from purchase to sale. The practise monitors and reacts to trends to guarantee that there is always enough stock to satisfy client orders and that shortages are detected early. Inventory becomes revenue if it is sold. Inventory ties up cash before it sells, despite the fact that it is reported as an asset on the balance sheet. As a result, having too much inventory costs money and lowers cash flow. Inventory turnover is one indicator of good inventory management. Inventory turnover is an accounting metric that shows how frequently stock is sold over time. A company does not want to have more inventory than it can sell. Deadstock, or unsold inventory, can result from low inventory turnover. What Is the Importance of Inventory Management? Inventory management is critical to a business's success since it ensures that there is never too much or too little goods on hand, reducing the danger of stockouts and erroneous records. Inventory tracking is required by the Securities and Exchange Commission (SEC) and the Sarbanes-Oxley (SOX) Act for public corporations. To demonstrate compliance, businesses must document their management practises. Inventory Management's Advantages Inventory management has two key advantages: it assures that you can fulfil incoming or open orders and it increases earnings. Inventory control also entails: Saves Money: Knowing stock trends allows you to know how much and where you have anything in stock, allowing you to make better use of what you have. This also allows you to hold less stock at each location (store, warehouse), as you can fulfil orders from anywhere – all of this lowers inventory costs and reduces the quantity of product that goes unsold before it becomes obsolete. Improves Cash Flow: Proper inventory management allows you to spend money on inventory that sells, allowing cash to flow freely throughout the company. Customers are satisfied: ensuring that customers obtain the things they desire without having to wait is an important part of building loyal customers. |
| discuss the objectives of inventory management: Inventory Management for Competitive Advantage Keith Jones, 2020-03-02 Smart, strategic inventory management delivers competitive advantage, yet Inventory Turn trends suggest that little seems to change. Sustainable improvement through increasing control of systems and processes generates savings that can, in turn, be invested in growth initiatives. Inventory is not something that just concerns planning, production and finance. By working to better understand and control their inventory-related processes, everyone can drive improvements that will harness inventory’s potential to become a source of sustainable competitive advantage. Unlike other guides to inventory management, this book is not only aimed at planners or inventory managers, but details the impact, both direct and indirect, that all functions have on inventory. It is rich in practical tools that can be clearly implemented, including a detailed purchasing strategy and guide to error management. It is also rich in best-practice cases that further show how to implement these methodologies in a real-world context. This book is essential reading for any manager or executive looking to boost their organisation’s competitive advantage, as well as students of inventory management, production and operations management. |
| discuss the objectives of inventory management: Supply Chain and Logistics Management Rajat Baisya, 2024-04-09 This textbook discusses supply chain management and provides a comprehensive overview of all the key activities and issues of supply chain and logistics functions as an integrated discipline. Taking a comprehensive approach, it reviews end-to-end supply chain management from procurement to production to warehousing, distribution and customer service. It explores how each interface can be managed with the ultimate objective of providing superior customer experience to ensure satisfaction at the least cost while delivering incremental value in a competitive environment. This volume: Guides on designing effective development and management of the supply chain network, which is an invaluable source of sustainable, competitive advantage in today’s turbulent global marketplace Examines the complexities and challenges of catering to the flexible and fluctuating customer demand, warehousing, channel distribution and transportation, global logistics value chain management, and performance management Discusses short practical cases to explain the decision-making process with respect to manufacturing decisions and inventory for efficient working capital management, both of which are critical for supply chain performance Explores performance management matrix, maturity models and so on This book will be useful to students, researchers and faculty from the fields of business management, supply chain and logistics management, and mechanical and civil engineering. It will also be an invaluable companion to consultants and business executives working in the field of supply chain and logistics. |
| discuss the objectives of inventory management: Inventory Management Demystified A.D. Dear, 1990-02-28 Despite the widespread use of computer based inventory control systems, most companies are aware that they often cannot meet their customer demand, while still suspecting that their stock levels are higher than they should be. |
| discuss the objectives of inventory management: NEP Inventory And Working Capital Management B. Com. 2nd Sem Dr. F. C. Sharma, , Dr. Nasir Ahmed, Dr. Anudit Marandi, 2024-05-20 1. Concept of Inventory 2. Introduction to Inventory Management 3. Techniques of Inventory Management 4. Management of Working Capital 5. Management of Cash 6. Management of Receivables |
| discuss the objectives of inventory management: FUNDAMENTALS OF FINANCIAL MANAGEMENT, Second Edition BANERJEE, BHABATOSH, 2015-05-01 Financial Management is so crucial for any organization––public or private sector––as profit maximization and increasing the shareholder value depend, to a large measure, on efficient and effective financial management of the company or firm. With this end in view, Professor Bhabatosh Banerjee, drawing from his expertise and his rich and long years of experience, gives a masterly analysis of the fundamental principles of financial management along with their applications. While retaining the distinguishing features of the previous edition, the book is now a much more comprehensive one on Financial Management. Significant changes have been incorporated into the chapters relating to cost of capital, analysis of leverages, capital structure theories and planning, capital budgeting decision, working capital management, changes in financial position, accounting ratios and financial statement analysis, mergers and acquisitions and corporate governance for further value addition of the book. The book is logically organized into five parts—Part I: Basic Concepts, Part II: Financial and Dividend Decisions, Part III: Investing in Long-term and Short-term Assets, Part IV: Performance Analysis and Measurement, Part V: Contemporary Topics—to enable the students to understand the concepts, with suitable cases, chronologically and more effortlessly. This book is primarily intended as a text for the students of commerce and management courses. It will also be highly useful for those appearing in CA and ICWAI examinations. In addition, the text will benefit practising finance and accounting professionals, corporate managers, and participants in management development programs. KEY FEATURES • Includes numerous illustrations, worked-out problems and exercises covering recent questions in university and professional examinations. • Gives corporate practices in professional management, wherever found necessary. This will enable the students to acquaint themselves with real-life situations. • Provides Case Studies in a few complex chapters to enhance the analytical and presentation skills of the students in a classroom setting. |
| discuss the objectives of inventory management: Supply Chain Management Ray R. Venkataraman, Ozgun C. Demirag, 2022-01-12 Supply Chain Management: Securing a Superior Global Edge takes a holistic, integrated approach to managing supply chains by addressing the critically important areas of globalization, sustainability, and ethics in every chapter. Authors Ray Venkataraman and Ozgun C. Demirag use a wide variety of real-world cases and examples from the manufacturing and service sectors to illustrate innovative supply chain strategies and technologies. With a focus on decision-making and problem-solving, Supply Chain Management provides students with the tools they need to succeed in today’s fiercely competitive, interconnected global economy. |
| discuss the objectives of inventory management: Monthly Newsletter , 1964 |
| discuss the objectives of inventory management: DOD’s 2010 Comprehensive Inventory Management Improvement Plan Addressed Statutory Requirements, but Faces Implementaton Challenges , |
| discuss the objectives of inventory management: Distribution Planning and Control David Frederick Ross, 2015-05-14 This third edition provides operations management students, academics and professionals with a fully up-to-date, practical and comprehensive sourcebook in the science of distribution and Supply Chain Management (SCM). Its objective is not only to discover the roots and detail the techniques of supply and delivery channel networks, but also to explore the impact of the merger of SCM concepts and information technologies on all aspects of internal business and supply channel management. This textbook provides a thorough and sometimes analytical view of the topic, while remaining approachable from the standpoint of the reader. Although the text is broad enough to encompass all the management activities found in today's logistics and distribution channel organizations, it is detailed enough to provide the reader with a thorough understanding of essential strategic and tactical planning and control processes, as well as problem-solving techniques that can be applied to everyday operations. Distribution Planning and Control: Managing in the Era of Supply Chain Management, 3rd Ed. is comprised of fifteen chapters, divided into five units. Unit 1 of the text, The SCM and Distribution Management Environment, sets the background necessary to understand today’s supply chain environment. Unit 2, SCM Strategies, Channel Structures and Demand Management, reviews the activities involved in performing strategic planning, designing channel networks, forecasting and managing channel demand. Unit 3, Inventory Management in the Supply Chain Environment, provides an in-depth review of managing supply chain inventories, statistical inventory management, and inventory management in a multiechelon channel environment. Unit 4, Supply Chain Execution, traces the translation of the strategic supply chain plans into detailed customer and supplier management, warehousing and transportation operations activities. Finally Unit 5, International Distribution and Supply Chain Technologies, concludes the text by exploring the role of two integral elements of SCM: international distribution management and the deployment of information technologies in the supply chain environment. Each chapter includes summary questions and problems to challenge readers to their knowledge of concepts and topics covered. Additionally supplementary materials for instructors are also available as tools for learning reinforcement. |
| discuss the objectives of inventory management: Research Handbook on Inventory Management Jing-Sheng J. Song, 2023-08-14 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. |
| discuss the objectives of inventory management: RETAIL INVENTORY MANAGEMENT Prof (Col.) Sameer Misra , 2022-05-09 All organizations hold stocks. These are the stores of materials they keep until needed. A shop, for example, buys goods from a wholesaler and keeps them into stock till it sells them to customers; a farmer stores hay to feed his animals over the winter; a research company has a stock of information; a bank holds cash for its day-to-day transactions. Whenever an organization has materials that it does not use immediately, it puts them into stock. You might imagine stock as warehouses full of goods but every organization holds stock, even those providing the most intangible service. A retail company stores faces the same problems of inventory management as a giant manufacturer with its stores of finished goods and components. This is a book about Retail Inventory Management. It describes recent thinking about retail stock and methods for its control. We have concentrated on the core questions of retail inventory management in this book What exactly is inventory management in retail? How do decisions about stock affect sales in retail operations? How can we control stocks and overall cost? What information do we need? What is the effect of new methods and technology? The answers to these questions embrace the most important issues of inventory management. |
| discuss the objectives of inventory management: Introduction to Hospital and Health-System Pharmacy Practice David A. Holdford, Thomas R. Brown, 2010-07-20 Written by leaders and experts in hospital and health-system practices and published by ASHP, the voice of the health-system pharmacy profession, Introduction to Hospital and Health-System Pharmacy Practice is required reading for students and practitioners alike. It’s a comprehensive manual for institutional pharmacy: legal and regulatory issues, medication safety, informatics, and more. Straightforward definitions and clear explanations provide a basic foundation for on-the-job training in hospitals and health-systems. It’s the only introductory textbook available in institutional pharmacy practice.This practical guide offers a highly readable introduction to key areas of pharmacy practice, including: Managing medication use Managing medication distribution Using technology in health systems Budgeting & finance responsibilities Administering and prepping sterile products Managing people Training options for careers Each chapter presents learning objectives and answers the “so what?” so common among student questions. Chapter reviews, discussion guidelines, key word definitions and interactive exercises augment the learning process.Written by hospital pharmacists for future hospital pharmacists, it’s everything important you need to know from the name you trust.For additional product resources about this publication, visit www.ashp.org/pharmacypractice |
| discuss the objectives of inventory management: Handbook of Healthcare Delivery Systems Yuehwern Yih, 2016-04-19 With rapidly rising healthcare costs directly impacting the economy and quality of life, resolving improvement challenges in areas such as safety, effectiveness, patient-centeredness, timeliness, efficiency, and equity has become paramount. Using a system engineering perspective, Handbook of Healthcare Delivery Systems offers theoretical foundation |
| discuss the objectives of inventory management: Inventory Management Supervisor (AFSC 64570) , 1984 |
| discuss the objectives of inventory management: Essentials of Inventory Management Max Muller, 2011 Does inventory management sometimes feel like a waste of time? Learn how to maximize your inventory management process to use it as a tool for making important business decisions. |
| discuss the objectives of inventory management: Operations and Production Systems with Multiple Objectives Behnam Malakooti, 2014-02-03 The first comprehensive book to uniquely combine the three fields of systems engineering, operations/production systems, and multiple criteria decision making/optimization Systems engineering is the art and science of designing, engineering, and building complex systems—combining art, science, management, and engineering disciplines. Operations and Production Systems with Multiple Objectives covers all classical topics of operations and production systems as well as new topics not seen in any similiar textbooks before: small-scale design of cellular systems, large-scale design of complex systems, clustering, productivity and efficiency measurements, and energy systems. Filled with completely new perspectives, paradigms, and robust methods of solving classic and modern problems, the book includes numerous examples and sample spreadsheets for solving each problem, a solutions manual, and a book companion site complete with worked examples and supplemental articles. Operations and Production Systems with Multiple Objectives will teach readers: How operations and production systems are designed and planned How operations and production systems are engineered and optimized How to formulate and solve manufacturing systems problems How to model and solve interdisciplinary and systems engineering problems How to solve decision problems with multiple and conflicting objectives This book is ideal for senior undergraduate, MS, and PhD graduate students in all fields of engineering, business, and management as well as practitioners and researchers in systems engineering, operations, production, and manufacturing. |
| discuss the objectives of inventory management: Principles of Management Accounting , |
| discuss the objectives of inventory management: Financial & Investment Management- SBPD Publications Dr. F. C. Sharma, , Dr. R. S. Kulshrestha, 2021-11-09 Financial Management 1. Introduction to Financial Management, 2. Organisation and Functions of Financial Management, 3. Capital Structure : Concept and Theories, 4. Operating and Financial Leverages, 5. Capital Budgeting, 6. Dividend Policy, Investment Management 1. Security and Investment : A General Introduction, 2. Portfolio Management, 3. Investment Environment and Organisation/Media, 4. The Investment Process and Outlets, 5. Credit Rating, 6. Risk and Return—Concept and Analysis, 7. The Making of Portfolio, 8. Portfolio Analysis and Diversification, 9. Portfolio—Markowitz Model, 10. Fundamental Analysis, 11. Technical Analysis, 12. Indian Stock Market-I (Primary Market), 13. Indian Stock Market-II (Secondary Market), 14. Regulation of Indian Stock Exchanges, 15. National Stock Exchanges (NSE), 16. The Securities and Exchange Board of India (SEBI). |
| discuss the objectives of inventory management: Financial Management Dr. B. Sankaran , Dr. N. Manicka Mahesh , Dr. N. Kannan, 2022-06-14 Buy E-Book of Financial Management Book For MBA 2nd Semester of Anna University, Chennai |
| discuss the objectives of inventory management: Operations Management , 2024-07-10 Operation management focuses on the administration of business processes to improve availability, flexibility, efficiency, sustainability and transparency. Operation management integrates the business processes of production, services, and logistics, and it is important not only on the operational level of value chains but can also significantly influence the strategic and tactical level of production and service processes. This book offers a selection of chapters that explain the impact of operation management on value-making chains. It is designed to help students at all levels as well as managers and researchers to understand and appreciate the concept, design, and implementation of operation management. |
| discuss the objectives of inventory management: Official Gazette Philippines, 2013 |
| discuss the objectives of inventory management: Operational Research Maria João Alves, João Paulo Almeida, José Fernando Oliveira, Alberto Adrego Pinto, 2019-01-29 This book gathers selected contributions by top Portuguese and international researchers in the field of Operations Research, presented at the 19th Congress of APDIO (Portuguese Association of Operational Research). The papers address a broad range of complex real-world problems, which are approached using recent theoretical techniques. Of particular interest are the applications of e.g. linear, nonlinear and mixed-integer programming, multiobjective optimization, metaheuristics and hybrid heuristics, multicriteria decision analysis, data envelopment analysis, clustering techniques and decision support systems, in such varied contexts as: supply chain management, scheduling problems, production management, logistics, energy, finance and healthcare. This conference, organized by APDIO and held in Aveiro, Portugal in September 2018, offered an ideal opportunity to discuss the latest developments in this field and to build new bridges between academic researchers and practitioners. Summarizing the outcomes, this book offers a valuable tool for all researchers, students and practitioners who wish to learn about the latest trends in this field. |
| discuss the objectives of inventory management: Introduction to Distribution Logistics Paolo Brandimarte, Giulio Zotteri, 2007-07-27 unique introduction to distribution logistics that focuses on both quantitative modeling and practical business issues Introduction to Distribution Logistics presents a complete and balanced treatment of distribution logistics by covering both applications and the required theoretical background, therefore extending its reach to practitioners and students in a range of disciplines such as management, engineering, mathematics, and statistics. The authors emphasize the variety and complexity of issues and sub-problems surrounding distribution logistics as well as the limitations and scope of applicability of the proposed quantitative tools. Throughout the book, readers are provided with the quantitative approaches needed to handle real-life management problems, and areas of study include: Supply chain management Network design and transportation Demand forecasting Inventory control in single- and multi-echelon systems Incentives in the supply chain Vehicle routing Complete with extensive appendices on probability and statistics as well as mathematical programming, Introduction to Distribution Logistics is a valuable text for distribution logistics courses at both the advanced undergraduate and beginning graduate levels in a variety of disciplines, and prior knowledge of production planning is not assumed. The book also serves as a useful reference for practitioners in the fields of applied mathematics and statistics, manufacturing engineering, business management, and operations research. The book's related Web site includes additional sections and numerical illustrations. |
| discuss the objectives of inventory management: AR 710-1 09/20/2007 CENTRALIZED INVENTORY MANAGEMENT OF THE ARMY SUPPLY SYSTEM , Survival Ebooks Us Department Of Defense, www.survivalebooks.com, Department of Defense, Delene Kvasnicka, United States Government US Army, United States Army, Department of the Army, U. S. Army, Army, DOD, The United States Army, AR 710-1 09/20/2007 CENTRALIZED INVENTORY MANAGEMENT OF THE ARMY SUPPLY SYSTEM , Survival Ebooks |
| discuss the objectives of inventory management: IT Control Objectives for Sarbanes-Oxley IT Governance Institute, 2006 |
| discuss the objectives of inventory management: The Definitive Guide to Inventory Management CSCMP, Matthew A. Waller, Terry L. Esper, 2014-03-19 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 |
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