Principles of Inventory and Materials ManagementThis text/reference addresses the unprecedented changes occurring in manufacturing that are being brought about by quality management philosophy -- lower inventory, reduced lead-time, preventive maintenance, and increased emphasis on customer satisfaction. Combining theory and practice, it presents alternative systems (models) for managing materials (inventory) -- their use, transformation, distribution, and sale -- and their flow to, within, and from the organization. Covers forecasting and marketing analysis; independent demand systems (deterministic models/probabilistic models); discrete demand systems (deterministic models/materials requirements planning - MRP); inventory system changes and limitations; single order quantities; in-process inventory, just-in-time, and theory of constraints; distribution inventory systems; inventory valuation and measurement; simulation; and aggregate inventory control. Content progresses from simple systems to more complex models; numerous examples of solved problems and short case studies explore a variety of situations and organizational settings; and appendices provide additional extensions and supporting logic on particular topics. For practitioners and advanced students involved in operations, inventory control, production control, and physical supply in manufacturing. |
From inside the book
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... Problem 9 , is there a significant trend in the data ? 11. From the data in Problem 9 , determine the linear regression equation . Does there appear to be a trend ? What is the correlation coefficient ? What is the standard deviation of ...
... Problem 1 , determine the order sizes by the part - period algorithm . 3. From the information given in Problem 1 ... Problems 199 Problems.
... problem the firm is encountering with the present system is control of the physical inventory . There are problems in keeping track of unit serial numbers with the manual system , as well as problems in locating and updating the status ...
Contents
FORECASTING AND MARKET ANALYSIS | 2 |
DETERMINISTIC MODELS | 90 |
XV | 104 |
Copyright | |
16 other sections not shown