Multi-echelon inventory management: Inventory control

Size: px
Start display at page:

Download "Multi-echelon inventory management: Inventory control"

Transcription

1 Multi-echelon inventory management: Inventory control Roberto Pinto CELS Dept. of Engineering University of Bergamo How to control multi-echelon? In single-site inventory control, the inventory policies consider local information: For example, in the ROP-model, the reorder point depends upon the inventory position at the considered site Inventory position d 2 1

2 How to control multi-echelon? producing in? Cur. 0 Cur. 40 Cur. 20 Cur. 20 Cur. 20 Cur How to control multi-echelon? Since the inventory in is zero, we may want to start producing immediately The optimal inventory level in one facility may depend on the inventory levels and demand in other facilities in other echelons 4 2

3 How to control multi-echelon? Define: Installation (IS): inventory position (i.e. on hand + incoming order backorder) in a given facility (ES): sum of the inventory position in a given facility and the inventory positions in all downstream facilities set of downstream facilities served by facility 5 How to control multi-echelon? producing in? 120 Inst

4 How to control multi-echelon? producing in? Coverage = / average demand 120 Coverage 6 w Inst Coverage 6 w 7 How to control multi-echelon? producing in? End of period 3 60 Coverage 3 w Inst Coverage 3 w 8 4

5 How to control multi-echelon? producing in? Beginning of period 4 On-going production 60 units 60 Coverage 3 w 60 Coverage 3 w 9 How to control multi-echelon? producing in? Beginning of period Coverage 5 w In-transit (60) 40 Inst Inst Inst Inst

6 How to control multi-echelon? producing in? Beginning of period Warnings The echelon- looks at the inventory position in the downstream channel; thus decisions can be based on global information The echelon- looks at the aggregate inventory position; thus, it does not properly capture any unbalance in the distribution of the inventory in the channel 12 6

7 Warnings Example of unbalance 120 Inst Inst References Chopra, S., Meindl, P. (2010). Supply Chain Management (4 th edition), Pearson Brandimarte, P., Zotteri, G. (2007), Introduction to Distribution Logistics, Wiley-Interscience Cavalieri, S., Pinto, R. (2007), Orientareal successo la supply chain, ISEDI 14 7

8 Credits CELS University of Bergamo Roberto Pinto Ph.D Logistics and Supply Chain Specialist

Introduzione. Roberto Pinto Dipartimento di Ingegneria Gestionale, dell Informazione e della Produzione (DIGIP) Università di Bergamo

Introduzione. Roberto Pinto Dipartimento di Ingegneria Gestionale, dell Informazione e della Produzione (DIGIP) Università di Bergamo Introduzione Roberto Pinto Dipartimento di Ingegneria Gestionale, dell Informazione e della Produzione (DIGIP) Università di Bergamo Di che cosa parliamo? Pensate ad un qualsiasi prodotto che usate, indossate,

More information

Forecasting irregular demand for spare parts inventory

Forecasting irregular demand for spare parts inventory Forecasting irregular demand for spare parts inventory Dang Quang Vinh Department of Industrial Engineering, Pusan National University, Busan 609-735, Korea vinhise@pusan.ac.kr Abstract. Accurate demand

More information

Chapter 9 Managing Inventory in the Supply Chain

Chapter 9 Managing Inventory in the Supply Chain Chapter 9 Managing Inventory in the Supply Chain Inventory is an asset on the balance sheet and inventory cost is an expense on the income statement. Inventories impacts return on asset (ROA) Inventory

More information

A DISCRETE TIME MARKOV CHAIN MODEL IN SUPERMARKETS FOR A PERIODIC INVENTORY SYSTEM WITH ONE WAY SUBSTITUTION

A DISCRETE TIME MARKOV CHAIN MODEL IN SUPERMARKETS FOR A PERIODIC INVENTORY SYSTEM WITH ONE WAY SUBSTITUTION A DISCRETE TIME MARKOV CHAIN MODEL IN SUPERMARKETS FOR A PERIODIC INVENTORY SYSTEM WITH ONE WAY SUBSTITUTION A Class Project for MATH 768: Applied Stochastic Processes Fall 2014 By Chudamani Poudyal &

More information

Outline. Role of Forecasting. Characteristics of Forecasts. Logistics and Supply Chain Management. Demand Forecasting

Outline. Role of Forecasting. Characteristics of Forecasts. Logistics and Supply Chain Management. Demand Forecasting Logistics and Supply Chain Management Demand Forecasting 1 Outline The role of forecasting in a supply chain Characteristics ti of forecasts Components of forecasts and forecasting methods Basic approach

More information

A Synchronized Supply Chain for Reducing Decoupling Stock

A Synchronized Supply Chain for Reducing Decoupling Stock A Synchronized Supply Chain for Reducing Decoupling Stock Jian Wang Shanghai University, China, jwang@t.shu.edu.cn Hiroaki Matsukawa Keio University, Japan, matsukawa@ae.keio.ac.jp Shane J. Schvaneveldt

More information

Inventory Management and Risk Pooling. Xiaohong Pang Automation Department Shanghai Jiaotong University

Inventory Management and Risk Pooling. Xiaohong Pang Automation Department Shanghai Jiaotong University Inventory Management and Risk Pooling Xiaohong Pang Automation Department Shanghai Jiaotong University Key Insights from this Model The optimal order quantity is not necessarily equal to average forecast

More information

What options exist for multi-echelon forecasting and replenishment?

What options exist for multi-echelon forecasting and replenishment? Synchronization of Stores and Warehouses: Closing the Profit Gap Successful retailers focus their efforts on the customer and the unique attributes of each store in the chain. Tailoring assortments, promotions

More information

Key Concepts: Week 8 Lesson 1: Inventory Models for Multiple Items & Locations

Key Concepts: Week 8 Lesson 1: Inventory Models for Multiple Items & Locations Key Concepts: Week 8 Lesson 1: Inventory Models for Multiple Items & Locations Learning Objectives Understand how to use different methods to aggregate SKUs for common inventory policies Understand how

More information

Supply Chain Analysis Tools

Supply Chain Analysis Tools Supply Chain Analysis Tools MS&E 262 Supply Chain Management April 14, 2004 Inventory/Service Trade-off Curve Motivation High Inventory Low Poor Service Good Analytical tools help lower the curve! 1 Outline

More information

DESIGNING A CLOSED-LOOP SUPPLY CHAIN FOR ALUMINUM ENGINE MANUFACTURING

DESIGNING A CLOSED-LOOP SUPPLY CHAIN FOR ALUMINUM ENGINE MANUFACTURING DESIGNING A CLOSED-LOOP SUPPLY CHAIN FOR ALUMINUM ENGINE MANUFACTURING R.S. Lashkari and Yi Duan Department of Industrial and Manufacturing Systems ering University of Windsor 40 Sunset Ave, Windsor, ON

More information

Introduzione. Roberto Pinto Dipartimento di Ingegneria Gestionale, dell Informazione e della Produzione (DIGIP) Università di Bergamo

Introduzione. Roberto Pinto Dipartimento di Ingegneria Gestionale, dell Informazione e della Produzione (DIGIP) Università di Bergamo Introduzione Roberto Pinto Dipartimento di Ingegneria Gestionale, dell Informazione e della Produzione (DIGIP) Università di Bergamo Di che cosa parliamo? Pensate ad un qualsiasi prodotto che usate, indossate,

More information

MULTI-ECHELON INVENTORY MANAGEMENT. Stijn Rutjes & Martijn Cornelissen

MULTI-ECHELON INVENTORY MANAGEMENT. Stijn Rutjes & Martijn Cornelissen MULTI-ECHELON INVENTORY MANAGEMENT Stijn Rutjes & Martijn Cornelissen 1 dinsdag 15 november 2011 AGENDA Inventory Management Multi-Echelon environment Problem definition Risk pooling Safety stock determination

More information

Outline. Logistics and Supply Chain Management. Competitive and Supply Chain Strategies. What is Supply Chain Management? Supply Chain Performance

Outline. Logistics and Supply Chain Management. Competitive and Supply Chain Strategies. What is Supply Chain Management? Supply Chain Performance Logistics and Supply Chain Management Supply Chain Performance 1 Outline Competitive and supply chain strategies Ahi Achieving i strategic t fit Expanding strategic scope Chopra and Meindl (2006) Supply

More information

Analysis of Various Forecasting Approaches for Linear Supply Chains based on Different Demand Data Transformations

Analysis of Various Forecasting Approaches for Linear Supply Chains based on Different Demand Data Transformations Institute of Information Systems University of Bern Working Paper No 196 source: https://doi.org/10.7892/boris.58047 downloaded: 16.11.2015 Analysis of Various Forecasting Approaches for Linear Supply

More information

Are Your Inventory Management Practices Outdated?

Are Your Inventory Management Practices Outdated? Fulfillment March 1, 2005 Key Facts Traditional inventory management practices are being made obsolete by increasing global sourcing and contract manufacturing, more dynamic product life cycles, and multi-channel.

More information

Supply chain strategies

Supply chain strategies Supply chain strategies Roberto Pinto Dipartimento di Ingegneria Gestionale, dell Informazione e della Produzione (DIGIP) Università di Bergamo Le principali business challenge di oggi Globalizzazione

More information

The goal of this discussion is the development of one, comprehensive definition upon which we can use on our collaborative framework.

The goal of this discussion is the development of one, comprehensive definition upon which we can use on our collaborative framework. Introduction Despite the popularity on the term Supply Chain Management (SCM), both in academic and practise, there remains considerable confusion to its meaning. Some authors define SCM in operational

More information

Optimizing Replenishment Intervals for Two-Echelon Distribution Systems with Fixed Order Costs

Optimizing Replenishment Intervals for Two-Echelon Distribution Systems with Fixed Order Costs Optimizing Replenishment Intervals for Two-Echelon Distribution Systems with Fixed Order Costs Kevin H. Shang Sean X. Zhou Fuqua School of Business, Duke University, Durham, North Carolina 27708, USA Systems

More information

SUPPLY CHAIN FLEXIBILITY

SUPPLY CHAIN FLEXIBILITY 66 Romanian Economic and Business Review Vol. 2, No. 1 SUPPLY CHAIN FLEXIBILITY Simona Daniela Grigore Abstract To be flexible means to have the ability to vary as you like, according to the needs. Flexibility

More information

Inventory Control Strategy Study For Airlines

Inventory Control Strategy Study For Airlines Inventory Control Strategy Study For Airlines Supanee Arthasartsri and He Ren, School of Aerospace, Mechanical Manufacturing Engineering RMIT University (Australia) The airline industry, as a whole, sits

More information

eprocurement in South Africa

eprocurement in South Africa eprocurement in South Africa November 2009 Content The Journey Business Requirements Solution Offering The Journey The Integrated Financial Management System IFMS project is the lead phase of a priority

More information

15 : Demand Forecasting

15 : Demand Forecasting 15 : Demand Forecasting 1 Session Outline Demand Forecasting Why Forecast Demand? Business environment is uncertain, volatile, dynamic and risky. Better business decisions can be taken if uncertainty can

More information

Ź Ź ł ź Ź ś ź ł ź Ś ę ż ż ł ż ż Ż Ś ę Ż Ż ę ś ź ł Ź ł ł ż ż ź ż ż Ś ę ż ż Ź Ł Ż Ż Ą ż ż ę ź Ń Ź ś ł ź ż ł ś ź ź Ą ć ś ś Ź Ś ę ę ć ż Ź Ą Ń Ą ł ć ć ł ł ź ę Ś ę ś ę ł ś ć ź ś ł ś ł ł ł ł ć ć Ś ł ź Ś ł

More information

The Next Generation of Inventory Optimization has Arrived

The Next Generation of Inventory Optimization has Arrived The Next Generation of Inventory Optimization has Arrived Cutting-edge demand classification technology integrated with network optimization and simulation enables cost reduction and increased inventory

More information

Inventory management in distribution systems case of an Indian FMCG company

Inventory management in distribution systems case of an Indian FMCG company Asia Pacific Management Review (2004) 9(1), 1-22 Inventory management in distribution systems case of an Indian FMCG company Subrata Mitra and A. K. Chatterjee (received April 2003; revision received October

More information

Syllabus. MIS 690 Supply Chain Management and Strategy

Syllabus. MIS 690 Supply Chain Management and Strategy Syllabus MIS 690 Supply Chain Management and Strategy Introduction to Course The course will explore the major elements of the supply chain. The student will be exposed to leading edge thinking on supply

More information

A Case Study Analysis of Inventory Cost and Practices for Operating Room Medical/Surgical Items

A Case Study Analysis of Inventory Cost and Practices for Operating Room Medical/Surgical Items October 2013 A Case Study Analysis of Inventory Cost and Practices for Operating Room Medical/Surgical Items CENTER FOR INNOVATION IN HEALTHCARE LOGISTICS Dr. Manuel D. Rossetti Dr. Vijith M. Varghese

More information

EVERYTHING YOU NEED TO KNOW ABOUT INVENTORY

EVERYTHING YOU NEED TO KNOW ABOUT INVENTORY EVERYTHING YOU NEED TO KNOW ABOUT INVENTORY Introduction Inventory is considered the necessary evil of the supply chain. In fact, there has been a whole movement; lean manufacturing that has tried to reduce

More information

It Takes Software to Thrive in an Omni-Channel World. Track 4 Session 2

It Takes Software to Thrive in an Omni-Channel World. Track 4 Session 2 It Takes Software to Thrive in an Omni-Channel World Track 4 Session 2 Eric Lamphier Senior Director, Product Management Manhattan Associates elamphier@manh.com 678-597-7176 www.manh.com 2 Abstract Regardless

More information

Logistics Management Inventory Cycle Inventory. Özgür Kabak, Ph.D.

Logistics Management Inventory Cycle Inventory. Özgür Kabak, Ph.D. Logistics Management Inventory Cycle Inventory Özgür Kabak, Ph.D. Role of Inventory in the Supply Chain Improve Matching of Supply and Demand Improved Forecasting Reduce Material Flow Time Reduce Waiting

More information

Statistical Inventory Management in Two-Echelon, Multiple-Retailer Supply Chain Systems

Statistical Inventory Management in Two-Echelon, Multiple-Retailer Supply Chain Systems Statistical Management in Two-Echelon, Multiple-Retailer Supply Chain Systems H. T. Lee, Department of Business Administration, National Taipei University, Taiwan Z. M. Liu, Department of Business Administration,

More information

Exact Fill Rates for the (R, S) Inventory Control with Discrete Distributed Demands for the Backordering Case

Exact Fill Rates for the (R, S) Inventory Control with Discrete Distributed Demands for the Backordering Case Informatica Economică vol. 6, no. 3/22 9 Exact Fill ates for the (, S) Inventory Control with Discrete Distributed Demands for the Backordering Case Eugenia BABILONI, Ester GUIJAO, Manuel CADÓS, Sofía

More information

Transportation Routing Guide https://mms.supplier.mckesson.com/transportation/

Transportation Routing Guide https://mms.supplier.mckesson.com/transportation/ Transportation Routing Guide https://mms.supplier.mckesson.com/transportation/ These instructions apply on all shipments directly to distribution centers for the following; McKesson Medical-Surgical Inc.

More information

Information Sharing in Supply Chain Management: A Literature Review on Analytical Research

Information Sharing in Supply Chain Management: A Literature Review on Analytical Research Information Sharing in Supply Chain Management: A Literature Review on Analytical Research Hyun-cheol Paul Choi California State University, Fullerton, CA In this paper, we reviewed the area of upstream

More information

INTEGRATED OPTIMIZATION OF SAFETY STOCK

INTEGRATED OPTIMIZATION OF SAFETY STOCK INTEGRATED OPTIMIZATION OF SAFETY STOCK AND TRANSPORTATION CAPACITY Horst Tempelmeier Department of Production Management University of Cologne Albertus-Magnus-Platz D-50932 Koeln, Germany http://www.spw.uni-koeln.de/

More information

Chapter 7. Production, Capacity and Material Planning

Chapter 7. Production, Capacity and Material Planning Chapter 7 Production, Capacity and Material Planning Production, Capacity and Material Planning Production plan quantities of final product, subassemblies, parts needed at distinct points in time To generate

More information

Planning Optimization in AX2012

Planning Optimization in AX2012 Planning Optimization in AX2012 Streamline your manufacturing operations with Master Planning and Forecasting Kevin Cosman 11 June 2013 About the Presenter Kevin Cosman, Senior Solutions consultant with

More information

Study on Two- echelon Centralized Inventory Management Based on Supply Chain

Study on Two- echelon Centralized Inventory Management Based on Supply Chain Study on Two- echelon Centralized Inventory Management Based on Supply Chain CHEN Zhiya, MAO Liuan, FANG Xiaoping School of Traffic and Transportation Engineering, Central South University, Changsha, China

More information

Sixth Edition. Global Edition STRATEGY, FLANNING, AND OPERATION. Sunil Chopra. Kellogg School of Management. Peter Meindl.

Sixth Edition. Global Edition STRATEGY, FLANNING, AND OPERATION. Sunil Chopra. Kellogg School of Management. Peter Meindl. Sixth Edition Global Edition SUPPLY CHAIN MANAGEMENT STRATEGY, FLANNING, AND OPERATION Sunil Chopra Kellogg School of Management Peter Meindl Kepos Capital PEARSON Boston Columbus Indianapolis New York

More information

Comparison of periodic-review inventory control policies. in a serial supply chain

Comparison of periodic-review inventory control policies. in a serial supply chain 025-0998 Comparison of periodic-review inventory control policies in a serial supply chain Nihan Kabadayi, İstanbul University, Faculty of Business Administration, Production Management Department, Avcılar,

More information

Inventory Management & Optimization in Practice

Inventory Management & Optimization in Practice Inventory Management & Optimization in Practice Lecture 16 ESD.260 Logistics Systems Fall 2006 Edgar E. Blanco, Ph.D. Research Associate MIT Center for Transportation & Logistics 1 Session goals The challenges

More information

Supply Chain Management under the Threat of Disruptions

Supply Chain Management under the Threat of Disruptions Supply Chain Management under the Threat of Disruptions Lawrence V. Snyder Lehigh University Bethlehem, Pennsylvania Introduction Every supply chain, logistics system, and infrastructure network is subject

More information

DEPARTMENT OF LEADERSHIP AND GOVERNANCE

DEPARTMENT OF LEADERSHIP AND GOVERNANCE THE OPEN UNIVERSITY OF TANZANIA FACULTY OF BUINESS MANAGEMENT DEPARTMENT OF LEADERSHIP AND GOVERNANCE MASTER OF PROJECT MANAGEMENT (MPM) PROGRAMME OLG 629: Management of Strategic Operations COURSE OUTLINE

More information

Modeling Multi-Echelon Multi-Supplier Repairable Inventory Systems with Backorders

Modeling Multi-Echelon Multi-Supplier Repairable Inventory Systems with Backorders J. Service Science & Management, 2010, 3, 440-448 doi:10.4236/jssm.2010.34050 Published Online December 2010 (http://www.scirp.org/journal/jssm) Modeling Multi-Echelon Multi-Supplier Repairable Inventory

More information

APICS Principles of Operations Management

APICS Principles of Operations Management Principles of Operations Management A knowledgeable and skilled workforce is your most valuable asset. Ensure your supply chain and operations management teams have the foundational knowledge to take your

More information

In traditional supply chain inventory management, orders are the only information firms

In traditional supply chain inventory management, orders are the only information firms and the Value of Shared Information Gérard P. Cachon Marshall Fisher The Wharton School, The University of Pennsylvania, Philadelphia, Pennsylvania 19104 fisher@opim.wharton.upenn.edu In traditional supply

More information

Distribution Management in an Omni- Channel World

Distribution Management in an Omni- Channel World Distribution Management in an Omni- Channel World Presented by: Sponsored by: Eric Lamphier Senior Director Product Management 2014 MHI Copyright claimed as to audiovisual works of seminar sessions and

More information

Achieving Operational Excellence and Customer Intimacy: Enterprise Applications

Achieving Operational Excellence and Customer Intimacy: Enterprise Applications Chapter 8 Achieving Operational Excellence and Customer Intimacy: Enterprise Applications 8.1 Copyright 2011 Pearson Education, Inc STUDENT LEARNING OBJECTIVES How do enterprise systems help businesses

More information

Ninth Stakeholders' Day Conference 2014 Case study: Downstream users and REACH

Ninth Stakeholders' Day Conference 2014 Case study: Downstream users and REACH Ninth Stakeholders' Day Conference 2014 Case study: Downstream users and REACH Marianne Lyngsaae, Brenntag Nordic 21 May 2014 BUSINESS MODEL Chemical distributor in the supply chain (member of Fecc) Chemical

More information

Applying Actual Usage Inventory Management Best Practice in a Health Care Supply Chain

Applying Actual Usage Inventory Management Best Practice in a Health Care Supply Chain Applying Actual Usage Inventory Management Best Practice in a Health Care Supply Chain Vijith Varghese #1, Manuel Rossetti #2, Edward Pohl #3, Server Apras *4, Douglas Marek #5 # Department of Industrial

More information

Demand Chain Management: The Other Side of Supply Chain Management. Abstract

Demand Chain Management: The Other Side of Supply Chain Management. Abstract Demand Chain Management: The Other Side of Supply Chain Management Dr. Ungul Laptaned Logistics Engineering Department, School of Engineering, The University of the Thai Chamber of Commerce Vibhavadee-Rangsit

More information

Multi-Echelon Inventory Optimization

Multi-Echelon Inventory Optimization Multi-Echelon Inventory Optimization By Calvin B. Lee, Ph.D. Vice President and Chief Scientist, Evant Inc. Multi-Echelon Inventory Optimization By Calvin B. Lee, Ph.D. Vice President and Chief Scientist,

More information

New Course Proposal OSC 4810, Supply Chain and Logistics Management

New Course Proposal OSC 4810, Supply Chain and Logistics Management Agenda Item #15-49 Effective Fall 2015 Eastern Illinois University Initial Term of Offering: Spring 2016 New Course Proposal OSC 4810, Supply Chain and Logistics Management Banner/Catalog Information (Coversheet)

More information

A CLOUD COMPUTING ARCHITECTURE FOR SUPPLY CHAIN NETWORK SIMULATION

A CLOUD COMPUTING ARCHITECTURE FOR SUPPLY CHAIN NETWORK SIMULATION Proceedings of the 2012 Winter Simulation Conference C. Laroque, J. Himmelspach, R. Pasupathy, O. Rose, and A.M. Uhrmacher, eds A CLOUD COMPUTING ARCHITECTURE FOR SUPPLY CHAIN NETWORK SIMULATION Manuel

More information

A discrete time Markov chain model for a periodic inventory system with one-way substitution

A discrete time Markov chain model for a periodic inventory system with one-way substitution Faculty of Business and Economics A discrete time Markov chain model for a periodic inventory system with one-way substitution Yannick Deflem and Inneke Van Nieuwenhuyse DEPARTMENT OF DECISION SCIENCES

More information

SRM University Faculty of Management Lesson and Course Syllabus Semester II A. 2015.

SRM University Faculty of Management Lesson and Course Syllabus Semester II A. 2015. SRM University Faculty of Management Lesson and Course Syllabus Semester II A. 2015. FS2101 LOGISTICS AND SUPPLY CHAIN MANAGEMENT Hours 45 Units 5 Instructor Professor S. Jacob Pratabaraj, Ph.D. E-mail

More information

A Programme Implementation of Several Inventory Control Algorithms

A Programme Implementation of Several Inventory Control Algorithms BULGARIAN ACADEMY OF SCIENCES CYBERNETICS AND INFORMATION TECHNOLOGIES Volume, No Sofia 20 A Programme Implementation of Several Inventory Control Algorithms Vladimir Monov, Tasho Tashev Institute of Information

More information

Inventory Control at Spiegel Grove Teaching Note

Inventory Control at Spiegel Grove Teaching Note Inventory Control at Spiegel Grove Teaching Note 1 Inventory Control at Spiegel Grove Teaching Note 1 Introduction Matthew J. Drake and John R. Mawhinney A.J. Palumbo School of Business John F. Donahue

More information

Effective Multi-echelon Inventory Systems for Supplier Selection and Order Allocation

Effective Multi-echelon Inventory Systems for Supplier Selection and Order Allocation University of Tennessee, Knoxville Trace: Tennessee Research and Creative Exchange Doctoral Dissertations Graduate School 12-2014 Effective Multi-echelon Inventory Systems for Supplier Selection and Order

More information

COMMUNITY COLLEGE OF CITY UNIVERSITY CITY UNIVERSITY OF HONG KONG. Information on a Courses offered by Division of Business

COMMUNITY COLLEGE OF CITY UNIVERSITY CITY UNIVERSITY OF HONG KONG. Information on a Courses offered by Division of Business COMMUNITY COLLEGE OF CITY UNIVERSITY CITY UNIVERSITY OF HONG KONG Information on a Courses offered by Division of Business Course Title: (English) Global Supply Chain Management (Chinese) 環 球 供 應 鏈 管 理

More information

Transportation Benchmarking Survey

Transportation Benchmarking Survey Transportation Benchmarking Survey A Study by: Sponsored by: & Supply Chain Systems Laboratory 3367 TAMU, Texas A&M University, Advancing the Science of Distribution 1 Visit: http://supplychain.tamu.edu

More information

MGT 5309 FALL 07 LOGISTICS AND SUPPLY CHAIN MANAGEMENT SYLLABUS

MGT 5309 FALL 07 LOGISTICS AND SUPPLY CHAIN MANAGEMENT SYLLABUS MGT 5309 FALL 07 LOGISTICS AND SUPPLY CHAIN MANAGEMENT SYLLABUS General Information Instructor: Dr Abdelaziz Berrado Office: R 01 Bldg 6. Phone: 2122. Email: A.Berrado@aui.ma Lectures TR 9:30-10:50 in

More information

Quantitative Supply Chain Optimization

Quantitative Supply Chain Optimization 1 Quantitative Supply Chain Optimization Dorus van der Linden - Competence Manager Process Modeling DSM Advanced Chemical Engineering Solutions (DSM ACES) DSM Mission Our purpose is to create brighter

More information

Supply Chain Key Performance Indicators Analysis

Supply Chain Key Performance Indicators Analysis Supply Chain Key Performance Indicators Analysis Dr. Hanaa El Sayed Assistant Professor of Logistics and Supply Chain Management, Amity University, Dubai, UAE ABSTRACT Supply chains are fluid and are continuously

More information

Transportation Management

Transportation Management Transportation Management Network & Hubs Chris Caplice ESD.260/15.770/1.260 Logistics Systems Dec 2006 Distribution System Approach Distribution System Number and location of transshipment points Routes

More information

An Analysis of Inventory Management of T-Shirt at Mahanagari Bandung Pisan

An Analysis of Inventory Management of T-Shirt at Mahanagari Bandung Pisan www.sbm.itb.ac.id/ajtm The Asian Journal of Technology Management Vol. 3 No. 2 (2010) 92-109 An Analysis of Inventory Management of T-Shirt at Mahanagari Bandung Pisan Togar M. Simatupang 1 *, Nidia Jernih

More information

240EO031 - Supply Chain Design

240EO031 - Supply Chain Design Coordinating unit: 240 - ETSEIB - Barcelona School of Industrial Engineering Teaching unit: 732 - OE - Department of Management Academic year: Degree: 2015 MASTER'S DEGREE IN MANAGEMENT ENGINEERING (Syllabus

More information

Cost Optimization of Supply Chain Network: A Case Study of TMT Bar Manufacturing Company

Cost Optimization of Supply Chain Network: A Case Study of TMT Bar Manufacturing Company , SAINTGITS College of Engineering, INDIA www.journals.saintgits.org Research paper Cost Optimization of Supply Chain Network A Case Study of TMT Bar Manufacturing Company Sandeep Parida1*, A. B. Andhare2

More information

Business Internship Opportunities

Business Internship Opportunities Business Internship Opportunities Function Overview Summer 2014 Internship Locations Key: Program Size = 200+ business interns = 40-50 business interns = 20-30 business interns = 5-19 business interns

More information

COMMUNITY COLLEGE, D.A.V.V. INDORE. (Under UGC Scheme for Skill Development)

COMMUNITY COLLEGE, D.A.V.V. INDORE. (Under UGC Scheme for Skill Development) COMMUNITY COLLEGE, D.A.V.V. INDORE. (Under UGC Scheme for Skill Development) Diploma in Logistics & Supply (Cargo Management) DLS (CM)-06: Corporate Business Communication Course Objectives:- The main

More information

BNM816 SUPPLY CHAIN MANAGEMENT

BNM816 SUPPLY CHAIN MANAGEMENT BNM816 SUPPLY CHAIN MANAGEMENT Academic Year 2012/13 Number of Aston Credits: 15 Number of ECTS Credits: 7.5 Staff Member Responsible for the Module: Dr Prasanta Dey, Information & Operations Management

More information

Inventory Management at Squirrel Hill Cosmetics. Matthew J. Drake with Paul M. Griffin, Pennsylvania State University

Inventory Management at Squirrel Hill Cosmetics. Matthew J. Drake with Paul M. Griffin, Pennsylvania State University Inventory Management at Squirrel Hill Cosmetics Matthew J. Drake with Paul M. Griffin, Pennsylvania State University Vice President, Publisher: Tim Moore Associate Publisher and Director of Marketing:

More information

APICS Principles of Operations Management

APICS Principles of Operations Management Principles of Operations Management A knowledgeable and skilled workforce is your most valuable asset. Ensure your supply chain and operations management teams have the foundational knowledge to take your

More information

E- COMMERCE AND SUPPLY CHAIN MANAGEMENT

E- COMMERCE AND SUPPLY CHAIN MANAGEMENT E- COMMERCE AND SUPPLY CHAIN MANAGEMENT Snyder, Rell National University ABSTRACT Current technologies have revolutionized the manner in which retailers operate. The early stages of the dot com era allowed

More information

Supply Chain Design and the effects on shipping

Supply Chain Design and the effects on shipping Supply Chain Design and the effects on shipping Agenda Introductions Supply Chain Evolution LLamasoft - Company Supply Chain Guru - Product Shipping Demonstration Q & A Introductions Tom Davies Director

More information

2006-2611: AN EFFECTIVE FRAMEWORK FOR TEACHING SUPPLY CHAIN MANAGEMENT

2006-2611: AN EFFECTIVE FRAMEWORK FOR TEACHING SUPPLY CHAIN MANAGEMENT 2006-2611: AN EFFECTIVE FRAMEWORK FOR TEACHING SUPPLY CHAIN MANAGEMENT Ertunga Ozelkan, University of North Carolina-Charlotte Ertunga C. Ozelkan, Ph.D., is an Assistant Professor of Engineering Management

More information

Kathryne Newton, Purdue University Edie Schmidt, Purdue University. Page 12.905.1. American Society for Engineering Education, 2007

Kathryne Newton, Purdue University Edie Schmidt, Purdue University. Page 12.905.1. American Society for Engineering Education, 2007 AC 2007-1761: INSTRUCTIONAL DEVELOPMENT IN SUPPORT OF AN ENTERPRISE RESOURCE PLANNING SOFTWARE APPLICATION FOR A SUPPLY CHAIN MANAGEMENT TECHNOLOGY LABORATORY: A GRADUATE STUDENT PROJECT Kathryne Newton,

More information

Perishable Items in Multi-Level Inventory Systems

Perishable Items in Multi-Level Inventory Systems Perishable Items in Multi-Level Inventory Systems Department of Industrial Management and Logistics, LTH Master Thesis presented by Yann Bouchery Double Degree Student Ecole Centrale de Lille (France)

More information

Demand Management Where Practice Meets Theory

Demand Management Where Practice Meets Theory Demand Management Where Practice Meets Theory Elliott S. Mandelman 1 Agenda What is Demand Management? Components of Demand Management (Not just statistics) Best Practices Demand Management Performance

More information

Manuel Rossetti Vijith Varghese Mehmet Miman Edward Pohl

Manuel Rossetti Vijith Varghese Mehmet Miman Edward Pohl Proceedings of the 2008 Winter Simulation Conference S. J. Mason, R. R. Hill, L. Mönch, O. Rose, T. Jefferson, J. W. Fowler eds. SIMULATING INVENTORY SYSTEMS WITH FORECAST BASED POLICY UPDATING Manuel

More information

FOCUS FORECASTING IN SUPPLY CHAIN: THE CASE STUDY OF FAST MOVING CONSUMER GOODS COMPANY IN SERBIA

FOCUS FORECASTING IN SUPPLY CHAIN: THE CASE STUDY OF FAST MOVING CONSUMER GOODS COMPANY IN SERBIA www.sjm06.com Serbian Journal of Management 10 (1) (2015) 3-17 Serbian Journal of Management FOCUS FORECASTING IN SUPPLY CHAIN: THE CASE STUDY OF FAST MOVING CONSUMER GOODS COMPANY IN SERBIA Abstract Zoran

More information

Vendor Managed Inventory System. User s Manual. July 03

Vendor Managed Inventory System. User s Manual. July 03 Vendor Managed Inventory System User s Manual July 03 Welcome to Intellitrans Global VMI Solution! This is a web-based service utilizing sensor technology and 6 Sigma data analysis to optimize supply chain

More information

Integer Programming Model for Inventory Optimization for a Multi Echelon System

Integer Programming Model for Inventory Optimization for a Multi Echelon System Journal of Advanced Management Science Vol, No, January 06 Integer Programming Model for Inventory Optimization for a Multi Echelon System Bassem H Roushdy Basic and Applied Science, Arab Academy for Science

More information

Big Data for Supply Chain Optimization By: Anders Richter, SAS Institute, Denmark

Big Data for Supply Chain Optimization By: Anders Richter, SAS Institute, Denmark Big Data for Supply Chain Optimization By: Anders Richter, SAS Institute, Denmark Agenda Demand-Driven Planning & Optimization and Big data Inventory Optimization (IO) The Matas case Results and takeaways

More information

Planning & Allocation vs. Replenishment: When is Each the Best Strategy?

Planning & Allocation vs. Replenishment: When is Each the Best Strategy? Planning & Allocation vs. Replenishment: When is Each the Best Strategy? As a full line retailer, you carry many types of products to meet your customers needs. Everything from fashion softlines to commodity

More information

The Building Blocks of Supply Chain

The Building Blocks of Supply Chain Abstract The Building Blocks of Supply Chain Management Matthew J. Drake John R. Mawhinney Department of Supply Chain Management and Information Systems Management A.J. Palumbo School of Business John

More information

Issues in inventory control models with demand and supply uncertainty Thesis proposal

Issues in inventory control models with demand and supply uncertainty Thesis proposal Issues in inventory control models with demand and supply uncertainty Thesis proposal Abhijit B. Bendre August 8, 2008 CORAL Centre for Operations Research Applications in Logistics Dept. of Business Studies,

More information

Three Critical Components of the Specialty 3PL Experience. What should you expect from your supply chain partner?

Three Critical Components of the Specialty 3PL Experience. What should you expect from your supply chain partner? Three Critical Components of the Specialty 3PL Experience What should you expect from your supply chain partner? As product profiles change and manufacturer consolidations create variations in a single

More information

Reduced echelon form: Add the following conditions to conditions 1, 2, and 3 above:

Reduced echelon form: Add the following conditions to conditions 1, 2, and 3 above: Section 1.2: Row Reduction and Echelon Forms Echelon form (or row echelon form): 1. All nonzero rows are above any rows of all zeros. 2. Each leading entry (i.e. left most nonzero entry) of a row is in

More information

Definition Problems and a General Systems Theory Perspective in Supply Chain Management

Definition Problems and a General Systems Theory Perspective in Supply Chain Management Definition Problems and a General Systems Theory Perspective in Supply Chain Management Abstract Mammy M. Helou *, Ian N. Caddy ** The current study aims at increasing the understanding by both academics

More information

Mathematical Modeling of Inventory Control Systems with Lateral Transshipments

Mathematical Modeling of Inventory Control Systems with Lateral Transshipments Mathematical Modeling of Inventory Control Systems with Lateral Transshipments Lina Johansson Master Thesis Department of Industrial Management and Logistics Division of Production Management Lund university,

More information

INVENTORY MANAGEMENT. 1. Raw Materials (including component parts) 2. Work-In-Process 3. Maintenance/Repair/Operating Supply (MRO) 4.

INVENTORY MANAGEMENT. 1. Raw Materials (including component parts) 2. Work-In-Process 3. Maintenance/Repair/Operating Supply (MRO) 4. INVENTORY MANAGEMENT Inventory is a stock of materials and products used to facilitate production or to satisfy customer demand. Types of inventory include: 1. Raw Materials (including component parts)

More information

Joint Optimization of Physical and Information Flows in Supply Chains

Joint Optimization of Physical and Information Flows in Supply Chains Joint Optimization of Physical and Information Flows in Supply Chains Jānis Grabis Riga Technical University, Kalku 1, Riga, LV-1658, Latvia grabis@rtu.lv Abstract. Supply chain units are connected by

More information

The Utilization of Shared Demand Information in a Textile Supply Chain

The Utilization of Shared Demand Information in a Textile Supply Chain The Utilization of Shared Demand Information in a Textile Supply Chain Yatsai Tseng Department of Business Administration, Tunghai University, Taichung, 407, Taiwan. 88643590 ext 3506 yttseng@mail.thu.edu.tw

More information

Agenda. Real System, Transactional IT, Analytic IT. What s the Supply Chain. Levels of Decision Making. Supply Chain Optimization

Agenda. Real System, Transactional IT, Analytic IT. What s the Supply Chain. Levels of Decision Making. Supply Chain Optimization Agenda Supply Chain Optimization KUBO Mikio Definition of the Supply Chain (SC) and Logistics Decision Levels of the SC Classification of Basic Models in the SC Logistics Network Design Production Planning

More information

2 Title Inventory Research

2 Title Inventory Research 1 Faculty The Kühne Logistics University (KLU) has invited Professor Yale T. Herer, a distinguished scholar in the field of inventory and supply chain management, to conduct a Ph.D. class in inventory

More information

A CONCEPTUAL DESIGN INITIATION FOR PRODUCTION-INVENTORY SYSTEM BASED ON MACROECONOMICS

A CONCEPTUAL DESIGN INITIATION FOR PRODUCTION-INVENTORY SYSTEM BASED ON MACROECONOMICS A CONCEPTUAL DESIGN INITIATION FOR PRODUCTION-INVENTORY SYSTEM BASED ON MACROECONOMICS Marzieh Akhondi a and S. Nurmaya Musa b Department of Mechanical Engineering, Faculty of Engineering, University of

More information

Modeling and Controlling of an Integrated Distribution Supply Chain: Simulation Based Shipment Consolidation Heuristics

Modeling and Controlling of an Integrated Distribution Supply Chain: Simulation Based Shipment Consolidation Heuristics Modeling and Controlling of an Integrated Distribution Supply Chain: Simulation Based Shipment Consolidation Heuristics Von der Faultät für Ingenieurwissenschaften, Abteilung Maschinenbau der Universität

More information

List of Tables. Table No Title Page No 2.1 Market Segments in Indian retail 25

List of Tables. Table No Title Page No 2.1 Market Segments in Indian retail 25 List of Tables Table No Title Page No 2.1 Market Segments in Indian retail 25 2.2 Organized retail penetration levels 25 3.1 Pattern of control in ABC analysis 58 3.2 Various selective inventory control

More information