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| economic order quantity in supply chain management: Handbook of EOQ Inventory Problems Tsan-Ming Choi, 2013-08-17 The Economic Order Quantity (EOQ) inventory model first appeared in 1913, and in its centennial, it is still one of the most important inventory models. Despite the abundance of both classical and new research results, there was (until now) no comprehensive reference source that provides the state-of-the-art findings on both theoretical and applied research on the EOQ and its related models. This edited handbook puts together all these interesting works and the respective insights into an edited volume. The handbook contains papers which explore both the deterministic and the stochastic EOQ-model based problems and applications. It is organized into three parts: Part I presents three papers that provide an introduction and review of various EOQ related models. Part II includes four technical analyses on single-echelon EOQ-model based inventory problems. Part III consists of five papers on applications of the EOQ model for multi-echelon supply chain inventory analysis. |
| economic order quantity in supply chain management: Operations Management Jay Heizer, Barry Render, 2014 This package includes a physical copy of 'Operations Management' as well as access to the eText and MyOMLab. The edition has been edited to include enhancements making it more relevant to students outside the United States. The book presents a broad introduction to the field of operations in a realistic and practical manner, while offering the largest and most diverse collection of problems on the market. |
| economic order quantity in supply chain management: Supply Chain Management Ling Li, 2007 Integrates the theory and practices of supply chain management. This book focuses on how to build a competitive supply chain using viable management strategies, operational models, decision-making techniques, and information technology. It also includes initiatives such as e-commerce, collaborative planning, forecasting, and replenishment (CPFR). |
| economic order quantity in supply chain management: Operations Management For Dummies Mary Ann Anderson, Edward J. Anderson, Geoffrey Parker, 2013-07-09 Score your highest in Operations Management Operations management is an important skill for current and aspiring business leaders to develop and master. It deals with the design and management of products, processes, services, and supply chains. Operations management is a growing field and a required course for most undergraduate business majors and MBA candidates. Now, Operations Management For Dummies serves as an extremely resourceful aid for this difficult subject. Tracks to a typical course in operations management or operations strategy, and covers topics such as evaluating and measuring existing systems' performance and efficiency, materials management and product development, using tools like Six Sigma and Lean production, designing new, improved processes, and defining, planning, and controlling costs of projects. Clearly organizes and explains complex topics Serves as an supplement to your Operations Management textbooks Helps you score your highest in your Operations Management course Whether your aim is to earn an undergraduate degree in business or an MBA, Operations Management For Dummies is indispensable supplemental reading for your operations management course. |
| economic order quantity in supply chain management: Essentials of Supply Chain Management Michael H. Hugos, 2003-02-25 Streamlining supply chain efficiency to maximize profitability This practical guide describes how the supply chain operates and discusses the issues and techniques that are relevant for companies seeking to improve the management of their supply chains. Organized using the features of the Essentials series, this easy-to-use guide contains tips and techniques for maximizing supply chain innovation strategies, as well as real-world examples developed from working with companies such as Johnson Wax, Starbucks, Borg-Warner, and Premier Health Care. Supply chain expert Michael Hugos analyzes the components of a well designed and managed supply chain, explains the metrics involved in measuring performance, and presents a pragmatic approach to designing and building supply chain systems. Michael Hugos (Chicago, IL) is the Chief Information Officer of Network Services Company, a $6.8 Billion distribution organization serving customers throughout North America. He has extensive experience in distribution, logistics, and applying technology to meet the challenges of supply chain management. He holds an MBA from Northwestern University s Kellogg School of Management. |
| economic order quantity in supply chain management: Sustainable Development in Practice Adisa Azapagic, Slobodan Perdan, Roland Clift, 2004-07-23 This groundbreaking text provides background theory on the concept of sustainable development (environmental, social and economic aspects) and presents a series of practical case studies on such topics as waste water management, air quality, solid waste management and renewable energy. |
| economic order quantity in supply chain 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. |
| economic order quantity in supply chain 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. |
| economic order quantity in supply chain management: Optimization and Inventory Management Nita H. Shah, Mandeep Mittal, 2019-08-31 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. |
| economic order quantity in supply chain management: Global Supply Chain and Operations Management Dmitry Ivanov, Alexander Tsipoulanidis, Jörn Schönberger, 2021-11-19 The third edition of this textbook comprehensively discusses global supply chain and operations management (SCOM), combining value creation networks and interacting processes. It focuses on operational roles within networks and presents the quantitative and organizational methods needed to plan and control the material, information, and financial flows in supply chains. Each chapter begins with an introductory case study, while numerous examples from various industries and services help to illustrate the key concepts. The book explains how to design operations and supply networks and how to incorporate suppliers and customers. It examines how to balance supply and demand, a core aspect of tactical planning, before turning to the allocation of resources to meet customer needs. In addition, the book presents state-of-the-art research reflecting the lessons learned from the COVID-19 pandemic, and emerging, fast-paced developments in the digitalization of supply chain and operations management. Providing readers with a working knowledge of global supply chain and operations management, with a focus on bridging the gap between theory and practice, this textbook can be used in core, specialized, and advanced classes alike. It is intended for a broad range of students and professionals in supply chain and operations management. |
| economic order quantity in supply chain management: An Introduction to Supply Chain Management Edmund Prater, 2013-02-01 If you’re a manager of a supply chain operation, or a student learning about supply chain management, this book will provide not only an overview of supply chain management but also a framework for subsequent, more detailed study in various aspects of supply management. This book reviews the evolution of supply chain management concepts and discusses trends in global markets and strategic competitiveness. It then focuses on the major issues involved in managing a competitive supply chain including: forecasting, inventory management, distribution, dealing with uncertainty, reverse logistics, and customer service. Coverage of the dynamic, evolving issues pertaining to supply chains that affect the global business community concludes the book. With this book in hand, you’ll be better equipped to conceptualize the management of supply chains as a collection of business processes; identify primary and secondary value chain processes; distinguish between the umbrella term, “supply chain management,” and its component functions; and understand the basic tools of forecasting and the need for accurate data and forecasts on which to base supply chain management decisions. |
| economic order quantity in supply chain management: Global Logistics and Supply Chain Management John Mangan, Chandra Lalwani, Tim Butcher, 2008-06-10 Written by two highly experienced authors, this new text provides a concise, global approach to logistics and supply chain management. Featuring both a practical element, enabling the reader to ‘do’ logistics (select carriers, identify routes, structure warehouses, etc.) and a strategic element (understand the role of logistics and supply chain management in the wider business context), the book also uses a good range of international case material to illustrate key concepts and extend learning. |
| economic order quantity in supply chain management: Excellence in Supply Chain Management Balram Avittathur, Debabrata Ghosh, 2020-05-12 Recent decades have witnessed an explosion in supply chain complexity. Very few firms have succeeded in building excellent supply chains and employing supply chain management (SCM) as a competitive advantage. For the ones which have developed enhanced supply chain design and process capabilities, their performance has far exceeded their competitors'. While for the vast majority of firms, SCM still remains a means of reducing costs and improving efficiency, for the excellent ones, SCM has turned into a source for value creation. What factors drive firms towards supply chain excellence? How can real differentiation be created through supply chains? Excellence in Supply Chain Management examines the characteristics and features of firms that excel in SCM. |
| economic order quantity in supply chain management: Definitive Guides for Supply Chain Management Professionals (Collection) CSCMP, Robert Frankel, Scott B. Keller, Brian C. Keller, Brian J. Gibson, Joe B. Hanna, C. Clifford Defee, Haozhe Chen, Wendy Tate, Nada R. Sanders, Thomas J. Goldsby, Deepak Iyengar, Shashank Rao, Stanley E. Fawcett, Amydee M. Fawcett, Mark A. Moon, 2014-02-11 A brand new collection of best practices for planning, organizing, and managing high-value supply chains… 8 authoritative books, now in a convenient e-format, at a great price! 8 authoritative books help you systematically plan, manage, and optimize any supply chain, in any environment or industry Master all the knowledge and best practices you need to design, implement, and manage world-class supply chains! This unique 8 eBook package will be an indispensable resource for supply chain professionals and students in any organization or environment. It contains 7 complete books commissioned by Council of Supply Chain Management Professionals (CSCMP), the preeminent worldwide professional association dedicated to advancing and disseminating SCM research and knowledge. CSCMP's The Definitive Guide to Supply Chain Best Practices brings together state-of-the-art case studies to help you identify challenges, evaluate solutions, plan implementation, and prepare for the future. These realistic, fact-based cases reflect the full complexity of modern supply chain management. You're challenged to evaluate each scenario, identify the best available responses, and successfully integrate functional activities ranging from forecasting through post-sales service. CSCMP's Definitive Guide to Integrated Supply Chain Management is your definitive reference to managing supply chains that improve customer service, reduce costs, and enhance business performance. Clearly and concisely, it introduces modern best practices for organizations of all sizes, types, and industries. Next, this eBook package contains five books fully addressing core areas of CSCMP Level One SCPro™ certification: manufacturing/service operations; warehousing; supply management/procurement; transportation; and order fulfillment/customer service. All five offer focused coverage of essential technical and behavioral skills, addressing principles, elements, strategies, tactics, processes, business interactions/linkages, technologies, planning, management, measurement, global operations, and more. The Definitive Guide to Manufacturing and Service Operations introduces complete best practices for planning, organizing, and managing the production of products and services. Itintroduces key terminology, roles, and goals; techniques for planning and scheduling facilities, material, and labor; continuous process and quality improvement methods; sustainability; MRP II, DRP, and other technologies; and more. Next, The Definitive Guide to Warehousing helps you optimize all facets of warehousing, step by step. It explains each warehousing option, storage and handling operations, strategic planning, and the effects of warehousing decisions on total logistics costs and customer service. It covers product and materials handling, labor management, warehouse support, extended value chain processes, facility ownership, planning, strategy decisions, warehouse management systems, Auto-ID, AGVs, and more. The Definitive Guide to Supply Management and Procurement helps you drive sustainable competitive advantage via better supplier management and procurement. It covers transactional and long-term activities; category analysis, supplier selection, contract negotiation, relationship management, performance evaluation/management; sustainability; spend analysis, competitive bidding, eProcurement, eSourcing, auctions/reverse auctions, contract compliance, global sourcing, and more. The Definitive Guide to Transportation is today's most authoritative guide to world-class supply chain transportation. Its coverage includes: transportation modes, execution, and control; outsourcing, modal and carrier selection, and 3PLs; TMS technologies; ocean shipping, international air, customs, and regulation; and more. CSCMP's The Definitive Guide to Order Fulfillment and Customer Service covers all facets of building and operating world-class supply chain order fulfillment and customer service processes, from initial customer inquiry through post sales service and support. It introduces crucial concepts ranging from order cycles to available-to-promise, supply chain RFID to global order capture networks, guiding you in optimizing every customer contact you make. Finally, in Demand and Supply Integration: The Key to World-Class Demand Forecasting, Mark A. Moon helps you effectively integrate demand forecasting within a comprehensive, world-class Demand and Supply Integration (DSI) process. Moon shows how to approach demand forecasting as a management process; choose and apply the best qualitative and quantitative techniques; and create demand forecasts that are far more accurate and useful. If you're tasked with driving more value from your supply chain, this collection offers you extraordinary resources -- and unsurpassed opportunities. From world-renowned supply chain experts Robert Frankel, Brian J. Gibson, Joe B. Hanna, C. Clifford Defee, Haozhe Chen, Nada Sanders, Scott B. Keller, Brian C. Keller, Wendy L. Tate, Thomas J. Goldsby, Deepak Iyengar, Shashank Rao, Stanley E. Fawcett, Amydee M. Fawcett, and Mark A. Moon |
| economic order quantity in supply chain management: Imperfect Inventory Systems Ata Allah Taleizadeh, 2021-02-19 This book examines inventory and production strategies that can reduce unexpected breakdown costs. It highlights different EPQ models to deal with such problems, providing optimal value derivations for decision variables. It provides proofs for concavity or convexity of objective functions. The chapters also include numerical examples for all the developed mathematical models. Imperfect Inventory Systems: Inventory and Production Management and Breakdown should be useful for professionals working on supply chains, but also researchers in operations research and inventory management. |
| economic order quantity in supply chain management: Application of Optimization in Production, Logistics, Inventory, Supply Chain Management and Block Chain Biswajit Sarkar, Mitali Sarkar, 2020-04-23 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. |
| economic order quantity in supply chain management: Quantified Eco-Efficiency Gjalt Huppes, Masanobu Ishikawa, 2007-06-03 A central asset of eco-efficiency analysis is that it does not depend on a specific evaluation of environmental impacts against economic effects. Several evaluation methods may be used, including those based on willingness-to-pay, panel procedures, and public statements on policy goals. This volume covers all aspects of eco-efficiency analysis and offers a global perspective on the subject. |
| economic order quantity in supply chain management: Supply Chain Management Bharti, Shikha Singh, Anand Pandey, Amit Sachan, 2024-10-17 The reference text discusses fundamental principles, planning, sourcing, demand forecasting, and supply forecasting in the field of supply chain management. It further highlights the important aspects of supply chain management such as resource planning, inventory management, quality tools, and documentation in logistics. It demonstrates the issues, barriers, emerging trends, and technological advances in supply chain management. This book: Discusses the principles of resource planning and inventory management in supply chain management. Covers aspects of competing strategies and networking management. Presents case studies highlighting ongoing practices and real-time issues in supply chain management. Highlights the importance of demand and supply forecasting in the field of supply chain management. Explains quality tools, emerging trends, challenges, and barriers in supply chain management. It is written primarily for senior undergraduate and graduate students, and academic researchers in the fields of industrial engineering, production engineering, mechanical engineering, management, supply chain management, and manufacturing engineering. |
| economic order quantity in supply chain management: Building Intuition Dilip Chhajed, Timothy J. Lowe, 2008-07-11 This is the first book in the field that uses the power of the basic models and principles to provide students and managers with an intuitive understanding of operations management. The book touches on nine fundamental models and principles, and outlines the key insights behind each one. Some of the very biggest names in the Management Science field have developed and carefully written these chapters on the field’s basic models. |
| economic order quantity in supply chain management: Supply Chain Management Bowon Kim, 2018-02-22 This edition of Supply Chain Management (SCM) was revised to appeal to a wider readership besides students taking SCM courses. Global supply chain managers and researchers in the fields of SCM and operations strategy would find it a useful reference. Rather than discuss the technical issues of SCM, the book focuses on the strategic perspectives and approaches of SCM. Students learn to identify SCM issues from the top management's perspective. The book also presents real-world managerial problems and incorporates case studies for connecting theories with practices. By exploring the fundamental issues of SCM, managers acquire a new learning perspective that enables them to solve problems in a more sustainable and innovative manner rather than use short-term, ad hoc solutions. Finally, it distils various theoretical concepts to allow researchers to observe real SCM issues in a managerial context which allows for practical, meaningful and impactful research to be carried out. |
| economic order quantity in supply chain management: Handbook of Research on Promoting Business Process Improvement Through Inventory Control Techniques Shah, Nita H., Mittal, Mandeep, 2017-12-22 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. The Handbook of Research on Promoting Business Process Improvement Through Inventory Control Techniques is a critical scholarly resource that examines optimization techniques, data mining concepts, and genetic algorithms to manage inventory control. Featuring coverage on a broad range of topics such as logistics and supply chain management, stochastic inventory modelling, and inventory management in healthcare, this book is geared towards academicians, practitioners, and researchers seeking various research methods to get optimal ordering policy. |
| economic order quantity in supply chain management: Architectural Regeneration Aylin Orbasli, Marcel Vellinga, 2020-08-03 A comprehensive and detailed overview of the active regeneration, rehabilitation and revitalisation of architectural heritage. The combined processes of globalisation, urbanisation, environmental change, population growth and rapid technological development have resulted in an increasingly complex, dynamic and interrelated world, in which concerns about the meaning of cultural heritage and identity continue to grow. As the need for culturally and environmentally sustainable design grows, the challenge for professionals involved in the management of inherited built environments is to respond to this ever-changing context in a critical, dynamic and creative way. Our knowledge and understanding of the principles, approaches and methods to sustainably adapt existing buildings and places is rapidly expanding. Architectural Regeneration contributes to this knowledge-base through a holistic approach that links policy with practice and establishes a theoretical framework within which to understand architectural regeneration. It includes extensive case studies of the regeneration, rehabilitation and revitalisation of architectural heritage from around the world. Different scales and contexts of architectural regeneration are discussed, including urban, suburban, rural and temporary. At a time when regeneration policy has shifted to the recognition that ‘heritage matters’ and that the historic environment and creative industries are a vital driver of regeneration, an increasing workload of architectural practices concerns the refurbishment, adaptive re-use or extension of existing buildings. As a result, this book is ideal for undergraduate and graduate students of architecture, historic conservation, urban and environmental design, sustainability, and urban regeneration, as well as for practitioners and decision makers working in those fields. |
| economic order quantity in supply chain management: Supply Chain Management Ernst Kurzmann, Johannes-Paul Fladerer, 2020-09-18 Products and services are the result of the complex interaction of many individual value creators. Every enterprise has business connections with other participants of the supply chain suppliers, service providers, end customers. Supply chain management is the radical orientation of all activities along the value-added chain towards customer benefit. The individual links of the supply chain typically are legally independent entities looking for the respective optimum for their companies. It is a fact, however, that the total of many individual optima does not guarantee an overall optimum output. This is precisely where Supply Chain Management sets in: coordination along the whole supply chain to improve the overall performance and the overall costs to the benefit of everyone involved. |
| economic order quantity in supply chain management: EBOOK: Operations and Supply Chain Management, Global edition F. Robert Jacobs, Richard Chase, 2013-06-16 Resourceful companies today must successfully manage the entire supply flow, from the sources of the firm, through the value-added processes of the firm, and on to the customers of the firm. The fourteenth Global Edition of Operations and Supply Chain Management provides well-balanced coverage of managing people and applying sophisticated technology to operations and supply chain management. |
| economic order quantity in supply chain management: Supply Chain Management John T. Mentzer, 2001 This work presents a comprehensive model of supply chain management. Experienced executives from 20 companies clearly define supply chain management, identifying those factors that contribute to its effective implementation. They provide practical guidelines on how companies can manage supply chains, addressing the role of all the traditional business functions in supply chain management and suggest how the adoption of a supply chain management approach can affect business strategy and corporate performance. |
| economic order quantity in supply chain management: Supply Chain Management for Engineers Samuel H. Huang, 2013-06-11 Originally taught mainly in business schools, supply chain management has become a common elective and graduate course in engineering colleges. The increasing demand for engineers with supply chain knowledge has fed this shift. However, supply chain management textbooks that have a reasonable coverage of quantitative analysis techniques are few and |
| economic order quantity in supply chain management: OPERATIONS & SUPPLY CHAIN MANAGEMENT Dr. Preeti Mahesh Kulkarni, Ankita Arjun Wagh, 2023-11-01 Buy Operations & Supply Chain Management e-Book for Mba 2nd Semester in English language specially designed for SPPU ( Savitribai Phule Pune University ,Maharashtra) By Thakur publication. |
| economic order quantity in supply chain management: EBOOK: Logistics and Supply Chain Management JONSSON, PATRIK, 2008-04-16 EBOOK: Logistics and Supply Chain Management |
| economic order quantity in supply chain management: Essentials of Supply Chain Management Michael H. Hugos, 2010-06-04 Fully revised and expanded, the Second Edition contains valuable tips, techniques, illustrative real-world examples, exhibits, and best practices. This handy and concise paperback will help you stay up to date on the newest thinking, strategies, developments, and technologies in supply chain management. Michael Hugos presents the core concepts and techniques of supply chain management in a clear, concise, and easily readable style for those desiring an introduction to the subject or for those wanting to refine their understanding and application of supply chain issues. The case studies and executive insights are very useful in illustrating how to effectively employ supply chains to enable companies to accomplish their business goals. -Perry J. Gaid, Vice President of Purchasing, OneSource Facility Services, Inc. My company is involved in both manufacturing and distribution. Mr. Hugos's book provides a valuable framework of concepts and techniques that people at all levels of the company can use to organize and improve our supply chain management capabilities and tie them to our business strategy. -Grant Watkinson, Ph.D., President, Coastwide Laboratories, Inc. Praise for the First Edition An excellent introduction into supply chain management . . . a book you should own and loan out to others frequently. -Supply Management In clear and concise prose, this lean book outlines the most crucial tenets and concepts of supply chain management. -Supply Chain Management Review The Wiley Essentials Series-because the business world is always changing...and so should you. |
| economic order quantity in supply chain management: Guide to Supply Chain Management Colin Scott, Henriette Lundgren, Paul Thompson, 2018-06-01 This essential guide brings supply chain theory to life. Intended for readers with a business interest in supply chain management, the book covers the key topics in eleven chapters, including planning, sourcing, making, delivering and returning, as well as strategy, people, finance, customer service and outsourcing. Each chapter starts with a brief summary and learning objectives that guide the reader through the text. This second edition also explores digital, sustainability and innovation impacts on today’s global supply chains. The book is written in a clear and simple way, featuring a variety of figures, tables and recommendations for further reading. The respective chapters conclude with real-life case studies from different companies, illustrating best practices. In the course of their work, the authors have met professionals all over the world who are passionate about their business achievements. By including their vivid examples, the guide brings theory to life, enabling readers to understand and embrace the concepts and ideas presented. Colin Scott, Henriette Lundgren and Paul Thompson are experts in supply chain management and have worked with practitioners in businesses across the globe. Endorsement: This guide is a really useful reminder of what good practice is and how it should be applied within supply chain management. The book is relevant for students of supply chain management and professional practitioners alike. This book offers an invaluable guide to understanding the specific dynamics of your supply chain and the fundamentals underpinning it. It provides the framework for delivering a supply chain strategy based upon recognised best practice. Martin McCourt, CEO, Dyson Limited . |
| economic order quantity in supply chain management: LOGISTICS AND SUPPLY CHAIN MANAGEMENT, Third Edition AILAWADI, SATISH C., SINGH, P. RAKESH, 2021-01-01 To retain their market share in today's competitive business, companies are coming up with high value, low price products. To cut their costs, they are striving hard to identify the cash-consuming areas in their operations. Logistics and Supply Chain is one of them, as its scope ranges from the procurement and management of the raw materials through to the delivery of the final product. This book, now in its Third Edition, continues to provide theoretical and practical expertise in this area and has been upgraded to logistics and supply chain management. The book begins with an introduction to the elements of logistics management and then moves on to explain operating objectives of integrated logistics, barriers to internal integration and principles of logistics information. It also deals with forecasting, inventory management policies, warehousing and highlights various aspects of logistics management and logistical organization. The book contains case studies in the Indian context to give a practical flavour to the subject. In this edition, a new chapter, namely, Supply Chain Vulnerability and Ethical Issues along with topics like Logistical framework with respect to Product Life Cycle, Bullwhip Effect, Collaborative Planning, Forecasting and Replenishment, SCOR model for measuring Supply Chain performance have been included to widen the scope of the subject. TARGET AUDIENCE • MBA (Production and Operations Management) • PGDM (Logistics and Supply Chain Management) |
| economic order quantity in supply chain management: QUANTITATIVE MODELS IN OPERATIONS AND SUPPLY CHAIN MANAGEMENT SRINIVASAN, G., 2017-11-01 The thoroughly revised and updated book, now in its second edition, continues to present a comprehensive view of the concepts and applications of various quantitative models used in the study of operations and supply chain management. It provides a complete account of location and layout models, production planning models, production control models, cycle inventory models, safety stock models and transportation models. A separate chapter on real-life situations provides the user with the knowledge of specific areas where the models have been applied in decision-making processes. The various techniques to solve operations and supply chain management problems are also discussed. The text is supported by a large number of illustrative examples, exercises and review questions to reinforce the students’ understanding of the subject matter. Designed as a textbook for the students of mechanical and industrial engineering, the book would also be useful to postgraduate students of management. NEW TO THE SECOND EDITION • Two new chapters on ‘Production Control—Additional Approaches’ (Chapter 6) and ‘Materials Planning and Lot Sizing’ (Chapter 8) • Forecasting and Aggregate Planning are described in two separate chapters • Each chapter includes new sections, additional examples, illustrations, short questions and exercises • Provides solutions to the exercises |
| economic order quantity in supply chain management: Supply Chain Management Donald Waters, 2019-02-12 A broad general introduction to all essential aspects of logistics and supply chain management, set within the wider business context. The book uses well-developed pedagogy and numerous case studies, guiding the reader through the subject by retaining a strong focus on the application of theory and practical situations. |
| economic order quantity in supply chain management: Quantitative Approaches in Logistics and Supply Chain Management Hans-Jürgen Sebastian, Phil Kaminsky, Thomas Müller, 2014-11-27 This contributed volume presents selected research papers from the 8th workshop on Logistics and Supply Chain Management, which was held in October 2013 in Berkeley, California. It focuses on the topical issue of quantitative approaches in logistics and supply chain management, mainly covering facility location and location routing; vehicle routing and scheduling; courier, express and parcel service network design; healthcare logistics as well as logistics risk management. The target audience primarily comprises research experts and practitioners in the field, but the book will also be beneficial to graduate students. |
| economic order quantity in supply chain management: Purchasing and Supply Chain Management Thomas E. Johnsen, Mickey Howard, Joe Miemczyk, 2018-10-26 For too long, business has focused on short-term cost advantages through low-cost country sourcing with little regard for the longer-term implications of global sustainability. Purchasing and Supply Chain Management, Second Edition, not only fully addresses the environmental, social and economic challenges of how companies manage purchasing and supply chains, but also delves deeper into emerging areas such as modern slavery, digital technologies and circular supply chains. In addition to explaining the basic principles and processes of both purchasing and supply chain management, the book evaluates how to develop strategic and sustainable purchasing and supply chain management. Our key message is that purchasing and supply chain management needs to focus on value creation rather than cost cutting. This requires the development of new purchasing and supply chain models that involve circular supply structures, supply chain transparency and collaboration with new stakeholders in traditional sourcing and supply chain settings. Aimed at students, educators and practitioners the book integrates sustainability into each chapter as a core element of purchasing and supply chain management. This second edition incorporates new examples and case studies from industry throughout, striking a balance between theoretical frameworks and guidelines for implementation in practice. |
| economic order quantity in supply chain management: Inventory Management in Multi-Echelon Networks Christopher Grob, 2018-08-14 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. |
| economic order quantity in supply chain management: Textbook of Supply Chain Management Ashish Bhatnagar, 2010 |
| economic order quantity in supply chain management: Logistics and Supply Chain Management. Dr. M.S. Vijaya Rao, Dr. S. N. Arjun Kumar, Mrs.N. Ramalakshmi, Dr. M. Theboral Victoriya, 2022-08-20 This text book is written for Supply chain Practitioners, logistics managers, executives aspiring managers and for management students. This textbook guides readers through the core components of Logistics and Supply Chain Management and puts them in the manager's chair, challenging them to apply their understanding to solve logistics problems such as inventory management, warehousing, transportation, international supply chain. The book's central theme- Supply Chain Management is that the customers are driven by timely delivery with the right product at right place and at right time. The coverage also includes evolution of Supply Chain Management, inventory management techniques, warehousing, design of warehouse, shipping alliances, application of Information Technology in Supply Chain Management, customer service, CRM, international supply chain management issues, problems and practices, etc. Case studies are included to demonstrate the principles in practice, and 'lessons for managers' in each chapter to analyse and to come out with solutions for the problems. The book contains questions for discussion and evaluation at the end of each chapter and provides the following points for the benefit of the readers: Presents the core course material in an informal, narrative style that puts readers in the manager's chair Focuses readers on practical issues and leads them to work through situations as if they were the manager (or employee, as the case may be). Includes a case discussion at the end of each chapter. |
| economic order quantity in supply chain management: Introduction to Management John R. Schermerhorn, 2011 Completely updated and revised, this eleventh edition arms managers with the business tools they’ll need to succeed. The text presents managerial concepts and theory related to the fundamentals of planning, leading, organising, and controlling with a strong emphasis on application. It offers new information on the changing nature of communication through technology. Focus is also placed on ethics to reflect the importance of this topic, especially with the current economic situation. This includes all new ethics boxes throughout the chapters. An updated discussion on the numerous legal law changes over the last few years is included as well. Managers will be able to think critically and make sound decisions using this text because the concepts are backed by many applications, exercises, and cases. |
| economic order quantity in supply chain management: Logistics and Supply Chain Integration Ian Sadler, 2007-06-12 For students who want to advance their understanding of company logistics and supply chains, the author examines how a number of firms in a supply chain work together to create a flow of products and services that satisfies end customers, whilst enabling all the manufacturing and service companies involved to grow profitably. Including the most recent concepts and theoretical advances to emerge from the field of logistics and supply chain management, this text informs and assists its readers with the aid of case studies and accompanying questions, diagrams, photos and an accompanying website. |
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