Fundamentals of Production, Inventory and the Supply Chain

 
9788126917297: Fundamentals of Production, Inventory and the Supply Chain
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Fundamentals of Production, Inventory and the Supply Chain explains how to control the inventory at entities across the supply chain. The entities include basic goods suppliers, parts suppliers, component suppliers, packagers, plants, warehouses, distribution centers, dealers and retailers. The book describes forecasting, order quantity, safety stock, order point, order level, low demand items, reusable inventory, lost sales, backorders, initial order quantity, all time requirements, late delivery, multi-locations, transfer, allocation, production planning, capacity planning, bill of material, material requirement planning, master production scheduling, statistical process control, supply chain management, make to order, make to stock, assembly lines, precedence diagrams, line balancing, mixed model sequencing, transportation, logistics and related software routines. The book includes the topics that people need to know in industry, and the topics described are highly useful. Practitioners will be able to apply the methods learned to their workplace. The book is easy to read for students and practitioners since there is little need to delve into difficult mathematical relationships. The book is unique, since many of the methods are not described in other books. The material is timeless, and the book will never become obsolete. Practitioners will want the book on their bookshelf for reference.

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About the Author:

Nick Thomopoulos has degrees in business (B.S.) and in mathematics (M.A.) from the University of Illinois, and in industrial engineering (Ph.D.) from Illinois Institute of Technology. He was supervisor of operations research at International Harvester, senior scientist at IIT Research Institute, a professor at Illinois Institute of Technology, and is a partner at FIC Inc., developers of supply chain software. He is the co-author of Assembly Line Systems, Hayden Books; author of Applied Forecasting Methods, Prentice Hall; Strategic Inventory Management and Planning, Hitchcock Publishing Company; and Fundamentals of Queuing Systems, Springer. For many years, he has consulted in a wide variety of industries in the United States, Europe and Asia. This book includes the applications that the author has successfully applied in industry. He has received honors over the years such as from the Military Operations Research Society for the Rist Prize; from the IIT Asian Alumni Association for the Distinguished Professor Award in Bangkok, Thailand; and from the IIT Alumni Association for the Professional Achievement Award.

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9788126917303: Fundamentals of Production, Inventory and the Supply Chain

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ISBN 10:  812691730X ISBN 13:  9788126917303
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Book Description Atlantic Publishers & Distributors (P) Ltd., 2012. Hardcover. Condition: New. Fundamentals of Production, Inventory and the Supply Chain explains how to control the inventory at entities across the supply chain. The entities include basic goods suppliers, parts suppliers, component suppliers, packagers, plants, warehouses, distribution centers, dealers and retailers. The book describes forecasting, order quantity, safety stock, order point, order level, low demand items, reusable inventory, lost sales, backorders, initial order quantity, all time requirements, late delivery, multi-locations, transfer, allocation, production planning, capacity planning, bill of material, material requirement planning, master production scheduling, statistical process control, supply chain management, make to order, make to stock, assembly lines, precedence diagrams, line balancing, mixed model sequencing, transportation, logistics and related software routines. The book includes the topics that people need to know in industry, and the topics described are highly useful. Practitioners will be able to apply the methods learned to their workplace. The book is easy to read for students and practitioners since there is little need to delve into difficult mathematical relationships. The book is unique, since many of the methods are not described in other books. The material is timeless, and the book will never become obsolete. Practitioners will want the book on their bookshelf for reference. Contents : Preface; Acknowledgements; Introduction; 1. The Supply Chain?Basic Goods Suppliers; Part and Component Suppliers; Packagers; Willfitters; Manufacturers; Strategic?Planning; Distribution Resource Planning; Master Production Schedule; Final Assembly Schedule; Operations Scheduling; Manufacturing Resource Planning; Demand Management; Just-in-Time; Uniform Plant Loading; Quality at the Source; Kanban; Minimum Set-up Times; Cellular Manufacturing?All Makes Service Parts Distribution Centers; Finished Goods Distribution Centers; Service Parts Distribution Centers; Dealers; 2. Forecasting?Introduction; Demand Patterns and Forecast Models; Coefficient of Variation; Demand History; Discount Forecasts?Horizontal Forecasts with Discounting; Rounding the Forecast; Trend Forecasts with Discounting?Discounting and the Standard Error; Current Demand; Smoothing Forecasts?Horizontal Forecasts with Smoothing; Trend Forecasts with Smoothing; Seasonal Forecasts with Smoothing; Revised Forecasts; Smoothing the Standard Error?Outliers; Cov and Safety Stock; Sensitivity?Horizontal Model with Months of History; Trend Model with Months of History; Horizontal Demands with Smoothing and Forecast Model; Trend Demands with Smoothing and Forecast Model; Seasonal Demands with Smoothing and Forecast Model; Horizontal Demands with Outliers?Regional Forecasting?Top-Down and Bottom-Up Forecasts?Summary; References; 3. Order Quantity?Introduction; Order Quantity and Related Measures; Economic Order Quantity (EOQ); Sensitivity?Annual Demand and EOQ; Cost per Order and EOQ; Cost per Unit and EOQ; Holding Rate and EOQ; Order Quantity and Order Plus Hold Cost?Price Breaks; Least Unit Cost; Summary; References; 4. Safety Stock?Introduction; Standard Normal Distribution; Four Safety Stock Methods?Safety Stock by Months-Supply; Safety Stock by Availability; Safety Stock by Service Level; Safety Stock by Lagrange; Comparison on the Four Safety Stock Methods?Sensitivity of Safety Stock with Lead Time, Month-in-Buy, Coefficient of Variation and Service Level; Summary; References; 5. Order Point and Order Level?Introduction; Order Point and Order Level?When to Buy and How Much; On-Hand and On-Order Connection; Low Volume Items?12 Month Replenishments; Regional Order Point and Order Level?Five Location Example; Five Size Example?Summary; References; 6. Low Demand Items?Introduction; Lost Sales; Backorders; Poisson Distribution; Order Point, Order Printed Pages: 278. Seller Inventory # 70149

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