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| foundations of inventory management: Foundations of Inventory Management Paul Zipkin, 2000-01-24 Foundations of Inventory Management presents a complete treatment of inventory theory and models for use in advanced undergraduate, masters, or PhD courses in Operations research, manufacturing management or Operations management. Coverage is organized into an introductory section, followed by a section focused on predictable supply and demand, and the third section covering stochastic inventory models. Many recent developments related to or impacting inventory such as ERP systems, supply chain management, JIT, and ERP systems are integrated within the text. The text presents inventory as a critical topic for virtually all businesses today and one in which theory and practice are closely linked. Prequisite coursework for students of this text would include basic optimization theory, stochastic processes, and dynamic programming. The text includes examples as well as rigorous assignment problem sets. |
| foundations of inventory management: Inventory Analytics Roberto Rossi, 2021-05-24 Inventory Analytics provides a comprehensive and accessible introduction to the theory and practice of inventory control – a significant research area central to supply chain planning. The book outlines the foundations of inventory systems and surveys prescriptive analytics models for deterministic inventory control. It further discusses predictive analytics techniques for demand forecasting in inventory control and also examines prescriptive analytics models for stochastic inventory control. Inventory Analytics is the first book of its kind to adopt a practicable, Python-driven approach to illustrating theories and concepts via computational examples, with each model covered in the book accompanied by its Python code. Originating as a collection of self-contained lectures, Inventory Analytics will be an indispensable resource for practitioners, researchers, teachers, and students alike. |
| foundations of inventory management: Foundations of Stochastic Inventory Theory Evan Porteus, 2022 In 1958, Stanford University Press published Studies in the Mathematical Theory of Inventory and Production (edited by Kenneth J. Arrow, Samuel Karlin, and Herbert Scarf), which became the pioneering road map for the next forty years of research in this area. One of the outgrowths of this research was development of the field of supply-chain management, which deals with the ways organizations can achieve competitive advantage by coordinating the activities involved in creating products--including designing, procuring, transforming, moving, storing, selling, providing after-sales service, and recycling. Following in this tradition, Foundations of Stochastic Inventory Theory has a dual purpose, serving as an advanced textbook designed to prepare doctoral students to do research on the mathematical foundations of inventory theory and as a reference work for those already engaged in such research. The author begins by presenting two basic inventory models: the economic order quantity model, which deals with cycle stocks, and the newsvendor model, which deals with safety stocks. He then describes foundational concepts, methods, and tools that prepare the reader to analyze inventory problems in which uncertainty plays a key role. Dynamic optimization is an important part of this preparation, which emphasizes insights gained from studying the role of uncertainty, rather than focusing on the derivation of numerical solutions and algorithms (with the exception of two chapters on computational issues in infinite-horizon models). All fourteen chapters in the book, and four of the five appendixes, conclude with exercises that either solidify or extend the concepts introduced. Some of these exercises have served as Ph.D. qualifying examination questions in the Operations, Information, and Technology area of the Stanford Graduate School of Business. |
| foundations of inventory 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. |
| foundations of inventory management: Inventory Control Sven Axsäter, 2015-07-06 This third edition, which has been fully updated and now includes improved and extended explanations, is suitable as a core textbook as well as a source book for industry practitioners. It covers traditional approaches for forecasting, lot sizing, determination of safety stocks and reorder points, KANBAN policies and Material Requirements Planning. It also includes recent advances in inventory theory, for example, new techniques for multi-echelon inventory systems and Roundy's 98 percent approximation. The book also considers methods for coordinated replenishments of different items, and various practical issues in connection with industrial implementation. Other topics covered in Inventory Control include: alternative forecasting techniques, material on different stochastic demand processes and how they can be fitted to empirical data, generalized treatment of single-echelon periodic review systems, capacity constrained lot sizing, short sections on lateral transshipments and on remanufacturing, coordination and contracts. As noted, the explanations have been improved throughout the book and the text also includes problems, with solutions in an appendix. |
| foundations of inventory management: The Definitive Guide to Inventory Management CSCMP, Matthew A. Waller, Terry L. Esper, 2014-03-19 Master and apply both the technical and behavioral skills you need to succeed in any inventory management role or function! Now, there’s an authoritative and comprehensive guide to best-practice inventory management in any organization. Authored by world-class experts in collaboration with the Council of Supply Chain Management Professionals (CSCMP), this text illuminates planning, organizing, controlling, directing, motivating and coordinating all the activities used to efficiently control product flow. The Definitive Guide to Inventory Management covers long-term strategic decisions; mid-term tactical decisions; and even short-term operational decisions. Topics discussed include: Basic inventory management goals, roles, concepts, purposes, and terminology Key inventory management elements, processes, and interactions Principles/strategies for establishing efficient and effective inventory flows Using technology in inventory planning and management New approaches to inventory reduction: postponement, vendor-managed inventories, cross-docking, and quick response systems Trade-offs between inventory and transportation costs, including carrying costs Requirements and challenges of global inventory management Best practices, metrics, and frameworks for assessing inventory management performance |
| foundations of inventory management: Essentials of Inventory Management Max Muller, 2011 Does inventory management sometimes feel like a waste of time? Learn how to maximize your inventory management process to use it as a tool for making important business decisions. |
| foundations of inventory management: Inventory Record Accuracy Roger B. Brooks, Larry W. Wilson, 2008-03-31 Praise for INVENTORY RECORD ACCURACY This updated version of Inventory Record Accuracy preserves its humorous and easy-to-read style. Supply chain practitioners, in traditional or lean manufacturing, will find it a helpful guide. Cleverly outlined, the rigorous yet simple process for both on-hand and on-order inventory provides accuracy levels required for real-time data systems. -Maria Teodorovic, Quality Systems Manager Weyerhaeuser Corporation Inventory Record Accuracy is truly a practitioner's guide. The book's collection of anecdotes provides real-life insight into the potential challenges of achieving IRA, and the combination of an easy-to-read text and simple drawings makes this book an easy road map to follow on the proven path to higher inventory record accuracy. -John Dietz, Director, Manufacturing Resource Planning Lockheed Martin Space Systems Brooks and Wilson are the experts on inventory record accuracy. Inventory Record Accuracy goes right to the core of the issues without a lot of soft-soaping. Every materials manager, stockroom manager, and cycle counting supervisor should have a copy within arm's reach. -Adrian R. Barrett, 6 Sigma Master Black Belt Caterpillar, Inc. Excellent coverage of a fundamentally important topic. By far, the best book on the subject I've ever read. The three-phase approach to inventory record accuracy should be required reading for all manufacturing managers. -Edward W. Davis, Professor of Business AdministrationThe Darden School, University of Virginia |
| foundations of inventory management: Developing Sustainable Supply Chains to Drive Value Robert P. Sroufe, Steven A. Melnyk, 2017-08-24 Sustainability is changing and changing rapidly. It is becoming more widespread as companies and customers uncover its power, attractiveness, and sustainability, as well as receiving more attention in the press. Support for sustainability lies within new tools, frameworks, and approaches. The authors capture these and other developments in this second volume of Developing Sustainable Supply Chains. In the first volume, the authors assess major management opportunities; this second volume focuses on implementation; when combined the result is a complete, action-oriented treatment of sustainability. Written by two of the leading academic researchers in this area, this series introduces the reader, whether a student, manager, or experienced sustainability advocate, to the various tools, frameworks, and approaches that work. |
| foundations of inventory management: On Replenishment Rules, Forecasting, and the Bullwhip Effect in Supply Chains Stephen M. Disney, Marc R. Lambrecht, 2008 In this review we focus on supply coordination and use the bullwhip effect as the key example of supply chain inefficiency. We emphasize the managerial relevance of the bullwhip effect and the methodological issues so that both managers and researchers can benefit. |
| foundations of inventory management: Rapid Modelling for Increasing Competitiveness Gerald Reiner, 2009-06-13 A Perspective on Two Decades of Rapid Modeling It is an honor for me to be asked to write a foreword to the Proceedings of the 1st Rapid Modeling Conference. In 1987, when I coined the term “Rapid Modeling” to denote queuing modeling of manufacturing systems, I never imagined that two decades later there would be an international conference devoted to this topic! I am delighted to see that there will be around 40 presentations at the conference by leading researchers from aroundthe world, and about half of these presentationsare represented by written papers published in this book. I congratulate the conference organizers and program committee on the success of their efforts to hold the ?rst ever conference on Rapid Modeling. Attendees at this conferencemight?nd it interesting to learn about the history of the term Rapid Modeling in the context it is used here. During the fall of 1986 I was invited to a meeting at the Headquarters of the Society of Manufacturing Engineers (SME) in Dearborn, Michigan. By that time I had successfully demonstrated s- eral industry applications of queuing network models at leading manufacturers in the USA. Although in principle the use of queuing networks to model manufact- ing systems was well known in the OR/MS community and many papers had been published,the actual use of suchmodelsby manufacturingprofessionalswas almost nonexistent. |
| foundations of inventory management: Next Generation Supply Chains Rosanna Fornasiero, Saskia Sardesai, Ana Cristina Barros, Aristides Matopoulos, 2020-12-31 This open access book explores supply chains strategies to help companies face challenges such as societal emergency, digitalization, climate changes and scarcity of resources. The book identifies industrial scenarios for the next decade based on the analysis of trends at social, economic, environmental technological and political level, and examines how they may impact on supply chain processes and how to design next generation supply chains to answer these challenges. By mapping enabling technologies for supply chain innovation, the book proposes a roadmap for the full implementation of the supply chain strategies based on the integration of production and logistics processes. Case studies from process industry, discrete manufacturing, distribution and logistics, as well as ICT providers are provided, and policy recommendations are put forward to support companies in this transformative process. |
| foundations of inventory management: Fundamentals of Supply Chain Management , |
| foundations of inventory management: Periodic Review Inventory Systems Thomas Wensing, 2011-06-26 The focus of the work is twofold. First, it provides an introduction into fundamental structural and behavioral aspects of periodic review inventory systems. Second, it includes a comprehensive study on analytical and optimization aspects of a specific class of those systems. For the latter purpose, general solution methods for problems of inventory management in discrete time are described and developed along with highly specialized methods to solve very specific problems related to the model variants examined. The work is thus addressed to students and practitioners who seek a deeper understanding of managing inventories in discrete time as well as to software developers who require implementation aids on specific problems of inventory management. |
| foundations of inventory management: Foundations of Sustainable Business Nada R. Sanders, John D. Wood, 2019-12-12 The second edition of Sustainable Business prepares future business leaders to tackle the most crucial social and environmental issues of our time. This engaging textbook provides students with a comprehensive, balanced introduction to integrating sustainable business policies into all core business functions and processes. The text employs a qualitative-based learning process to help students understand how leadership, finance, accounting, risk management, marketing, supply chain management, and operations can be adapted to meet the sustainability goals of the 21st century. Looking at sustainable business from the managerial viewpoint, the fully-updated new edition explains how and why business is evolving due to increased consumer and regulatory pressure for sustainable performance. Business topics are first introduced in the same manner as traditional MBA programs, and then examined through the lens of sustainably. The text incorporates real-life examples of social and environmental leadership to demonstrate the efficacy of good sustainable business decisions, and illustrates the negative ramifications of outdated, purely economic-driven managerial decision-making. Influential concepts based on interdisciplinary research in sustainability are discussed in detail, and practical insights address how to turn policy into practice in the workplace. |
| foundations of inventory management: Inventory Management and Production Planning and Scheduling Edward A. Silver, David F. Pyke, Rein Peterson, 1998-01-23 This is a revision of a classic which integrates managerial issues with practical applications, providing a broad foundation for decision-making. It incorporates recent developments in inventory management, including Just-in-Time Management, Materials Requirement Planning, and Total Quality Management. |
| foundations of inventory management: Supply Chain Contract Management Marcel Sieke, 2019-03-20 In recent years, the design of contracts in supply chains has received significant attention from researchers and practitioners. Companies try to improve their profits by designing efficient contracts that ensure a high availability of the product at a low cost. In this book the author presents a quantitative approach for designing optimal supply chain contracts. Firstly, service level contracts, which are frequently used between a supplier and a manufacturer, are analyzed. For this contract type, optimal contract parameter combinations are identified that lead to a coordinated supply chain. Secondly, an optimal contract selection strategy is developed for a supply chain where a manufacturer can choose among multiple potential buyers. Potential readership includes scholars of supply chain management and management science, graduate students interested in these areas as well as interested practitioners involved in negotiating contracts. |
| foundations of inventory management: Foundations of Inventory Management RON. COOPER, 2025-01-22 Mastering Warehouse Inventory Management is essential for optimizing supply chains and achieving operational excellence. This book offers a comprehensive look at the intricacies of warehouse inventory management, with a focus on the interconnected elements that drive business success. It covers: Risk Management and Business Impact: Learn how stockouts, emergency orders, and supplier relations can make or break your operation. Optimization and Forecasting: Discover data-driven approaches, advanced forecasting models, and machine learning algorithms that refine inventory levels and reduce costs. Seasonal and Market Strategy: Master the art of managing peak periods, adjusting for market trends, and responding to external factors like economic shifts and e-commerce growth. International Shipping & Transportation Management: Navigate the complexities of global supply chains, ensuring timely deliveries and seamless customs compliance. Key Inventory Concepts: Dive deep into Safety Stock, EOQ, PLM, and more to create a balance between cost reduction and product availability. With practical examples, advanced techniques, and technology integration strategies, this book is the ultimate resource for professionals aiming to elevate their warehouse operations and stay ahead of the competition. Whether you're managing day-to-day logistics or planning long-term supply chain strategies, this guide offers the insights needed to succeed in a challenging and ever-changing industry. In today's fast-paced, global marketplace, effective inventory management is more critical than ever. From small startups to large corporations, the ability to manage inventory efficiently can make or break a business. Inventory Control Made Simple is your comprehensive guide to building and optimizing the systems, processes, and technologies that will drive operational success and financial growth. From the Warehouse Associate to the Operations Manager and above. This book takes a deep dive into the foundational principles of inventory management. Through practical insights and expert strategies, you will discover how to optimize your inventory at the perfect balance between availability and cost. Over 200 Points to Discuss with Your Team 10 Checklists for every facet of warehouse inventory |
| foundations of inventory management: Factory Physics Wallace J. Hopp, Mark L. Spearman, 2001 Publisher Description |
| foundations of inventory management: Manufacturing Data Structures Jerry Clement, Andy Coldrick, John Sari, 1995-03-30 Manufacturing Data Structures Comprehensive yeteasy-to-read.Manufacturing Data Structures is filled withanecdotes, yet stresses the importance of maintaining dataaccuracy. It is valuable reading for all manufacturing managers.Jim Carnall Manufacturing Manager, Eastman Kodak An entertainingand informative look at an important aspect of day to day businessin the MRP II environment. It clearly shows how data structuringmethodology can be directly applied to process industries such asthe Personal Products/Health and Beauty business. Jeff L. StevensManager, Packaging Sciences, Chesebrough-Ponds CanadaManufacturing Data Structures shows, in a very practical way, howmanufacturing data can be used as a competitive weapon. It's acomprehensive guide, filled with solutions to everyday problems.Jim Hendrickson Plant Manager, Reckitt & Colman An excellentbook.Very useful on the subject of data foundations formanufacturing. It has suggested further opportunities forimprovement in my own organisation. R.A. Watson Rolls-Royce MotorCars Manufacturing Data Structures will be of immense value to thepractitioner. Chris Cage ICI Pharmaceuticals |
| foundations of inventory management: Best Practice in Inventory Management Tony Wild, 2017-11-02 Best Practice in Inventory Management 3E offers a simple, entirely jargon-free and yet comprehensive introduction to key aspects of inventory management. Good management of inventory enables companies to improve their customer service, cash flow and profitability. This text outlines the basic techniques, how and where to apply them, and provides advice to ensure they work to provide the desired effect in practice. With an unrivalled balance between qualitative and quantitative aspects of inventory control, experienced consultant Tony Wild portrays the many ways in which stock management is more nuanced than simple number crunching and mathematical modelling. This long-awaited new edition has been substantially and thoroughly updated. The product of decades of experience and expertise in the field, Best Practice in Inventory Management 3E provides students and professionals, even those with no prior experience in the area, an unbiased and honest picture of what it takes to effectively manage stocks in a firm. |
| foundations of inventory management: The Goal Eliyahu M. Goldratt, Jeff Cox, 2016-08-12 Alex Rogo is a harried plant manager working ever more desperately to try and improve performance. His factory is rapidly heading for disaster. So is his marriage. He has ninety days to save his plant - or it will be closed by corporate HQ, with hundreds of job losses. It takes a chance meeting with a colleague from student days - Jonah - to help him break out of conventional ways of thinking to see what needs to be done. Described by Fortune as a 'guru to industry' and by Businessweek as a 'genius', Eliyahu M. Goldratt was an internationally recognized leader in the development of new business management concepts and systems. This 20th anniversary edition includes a series of detailed case study interviews by David Whitford, Editor at Large, Fortune Small Business, which explore how organizations around the world have been transformed by Eli Goldratt's ideas. The story of Alex's fight to save his plant contains a serious message for all managers in industry and explains the ideas which underline the Theory of Constraints (TOC) developed by Eli Goldratt. Written in a fast-paced thriller style, The Goal is the gripping novel which is transforming management thinking throughout the Western world. It is a book to recommend to your friends in industry - even to your bosses - but not to your competitors! |
| foundations of inventory management: Costing Systems Eva Labro, 2019-04-24 Costing Systems provides a structured overview of costing system research to explain the co-existence of different costing practices. This body of research has come to prescriptive conclusions, which will of be valuable and insightful to practitioners designing costing systems and managers using reported cost data. The monograph is structured around four primary purposes of cost measurement: decision-making, cost management, inventory valuation for financial and tax accounting, and control and performance measurement. Part 1 of the monograph relates to the production or supply choices made by costing system designers. Part 2 moves onto the demand side for cost information. This monograph aims to be useful both to novices in the costing field who are searching for a primer on this literature as well as for people familiar with the literature who are interested in a structured overview and thoughts on where future research avenues may lead. |
| foundations of inventory management: Foundations of Investment Management David Linton, 2019 Foundations of Investment Management: Mastering Financial Markets, Asset Classes, and Investment Strategies shows how to navigate today's world of complex financial instruments, investment opportunities, and devastating pitfalls. This reader-friendly guide details stocks, bonds, and alternative investments, who invests in these asset classes, how, and why. It uses real-world examples in addition to citing the latest academic research. Additionally, seven industry experts have co-authored select chapters to greatly expand the depth and utility of this book for the reader. This unique guide is perfect for financial analysts, portfolio managers, client-facing representatives, product specialists, and anybody early in their finance career who wishes to understand how clients, products, and investors relate and interact. Foundations of Investment Management provides a complete overview of the investment management industry; defines key terms and participants; identifies investment vehicles, strategies, and asset classes; and analyzes each strategy focusing on its relative utility and potential inclusion in a well-diversified portfolio. Despite the subject mater's complexity, each topic is distilled in a way that is highly relatable and intuitive, ensuring the reader knows how to better manage their investments or interact with clients. Lastly, every chapter closes with a summary and investment implications to maximize the information presented. Key Features - Defines various fund structures, discusses the growth of the mutual fund industry, explains the benefits and disadvantages of comingled vehicles and details other investment options including fund of funds, annuities, and separately managed accounts - Presents detailed descriptions of different institutional investors; elaborates on their investment considerations, objectives, and reaction functions; and concludes with implications for an institutions' propensity to respond similarly to market developments - Supplies tools and techniques to construct and optimize a fixed income portfolio - Reviews the history of the Bank of England and U.S. Federal Reserve and describes central bank objectives, tools, and reaction functions - Illustrates the difference between investing and speculating by introducing different valuation methods and approaches to developing an investment thesis - Examines the growth of high frequency trading and identifies rebalancing strategies - Identifies different stock investment approaches as well as introduces several equity valuation methods - Describes mean variance optimization and conviction-based portfolio construction approaches - Reviews bond basics including bond income, interest rate sensitivity, and sources of risk such as credit and liquidity - Examines the history of real assets, defines each real asset, details the drivers of their return, and explains how an investor may gain exposure to each asset through the utilization of financial instruments or investment vehicles - Presents the theory behind and history of factors and factor investing from both an academic and practitioner perspective. - Presents the development of our understanding of behavioral biases, explains how these biases impact investment decisions, and provides tips and techniques to avoid their pitfalls |
| foundations of inventory management: Production and Operations Analysis Steven Nahmias, 1993 This text provides a survey of the analytical methods used to support the functions of production and operations management. This latest edition continues to bring the most thorough coverage of cutting-edge quantitative models used in operations, while presenting it in a clean, easy to understand fashion. There are many new problems both solved and unsolved for students to comprehend the quantitative material of the book. Furthermore, we have enhanced the technology package of this book to have more applied learning of concepts and skills for students. Lastly, technology, such as the internet, ecommerce, etc has been added to reflect the changes in how business is conducted. This text reflects Steve Nahmias' extensive teaching background and experience in both business and engineering schools. . |
| foundations of inventory management: Inventory Management Foundations , 2018 Learn how to effectively manage inventory within your company. Explore analytical tools and control systems that can help you improve your inventory management efforts. |
| foundations of inventory management: Handbook of Integrated Risk Management in Global Supply Chains Panos Kouvelis, Lingxiu Dong, Onur Boyabatli, Rong Li, 2011-11-22 A comprehensive, one-stop reference for cutting-edge research in integrated risk management, modern applications, and best practices In the field of business, the ever-growing dependency on global supply chains has created new challenges that traditional risk management must be equipped to handle. Handbook of Integrated Risk Management in Global Supply Chains uses a multi-disciplinary approach to present an effective way to manage complex, diverse, and interconnected global supply chain risks. Contributions from leading academics and researchers provide an action-based framework that captures real issues, implementation challenges, and concepts emerging from industry studies.The handbook is divided into five parts: Foundations and Overview introduces risk management and discusses the impact of supply chain disruptions on corporate performance Integrated Risk Management: Operations and Finance Interface explores the joint use of operational and financial hedging of commodity price uncertainties Supply Chain Finance discusses financing alternatives and the role of financial services in procurement contracts; inventory management and capital structure; and bank financing of inventories Operational Risk Management Strategies outlines supply risks and challenges in decentralized supply chains, such as competition and misalignment of incentives between buyers and suppliers Industrial Applications presents examples and case studies that showcase the discussed methodologies Each topic's presentation includes an introduction, key theories, formulas, and applications. Discussions conclude with a summary of the main concepts, a real-world example, and professional insights into common challenges and best practices. Handbook of Integrated Risk Management in Global Supply Chains is an essential reference for academics and practitioners in the areas of supply chain management, global logistics, management science, and industrial engineering who gather, analyze, and draw results from data. The handbook is also a suitable supplement for operations research, risk management, and financial engineering courses at the upper-undergraduate and graduate levels. |
| foundations of inventory management: Logistics Management and Strategy Alan Harrison, Remko Van Hoek, Heather Skipworth, 2019-06-10 Deepen your understanding and think like an economist Economics, 14th edition, by Michael Parkin is an intuitive guide to modern economics that teaches you how to think like an economist on global issues. Grounded in real-life examples, the text brings together the latest policy and thoughts on world events and encourages critical thinking to enable you to join the discussion. This new edition emphasises real-world applications with diagrams renowned for their pedagogy and clarity throughout. With a range of learning features across its chapters, this title will give you the necessary skills to gain a clearer and deeper understanding of today's events. Also available/ Pair this text with MyLab® Economics MyLab is the teaching and learning platform that empowers you to reach every student. By combining trusted author content with digital tools and a flexible platform, MyLab Economics personalises the learning experience and improves results for each student. If you would like to purchase both the physical text and MyLab® Economics, search for: 9781292433707 Economics, 14th Edition plus MyLab Economics with Pearson eText. Package consists of: 9781292433639 Economics, 14th Edition 9781292433646 Economics, 14th Edition MyLab® Economics 9781292433684 Economics, 14th Edition Pearson eText MyLab® Economics is not included. Students, if MyLab is a recommended/mandatory component of the course, please ask your instructor for the correct ISBN. MyLab should only be purchased when required by an instructor. Instructors, contact your Pearson representative for more information. |
| foundations of inventory management: MDS-3 Martha A. Embrey, Management Sciences for Health (Firm), 2013 Managing Drug Supply (MDS) is the leading reference on how to manage essential medicines in developing countries. MDS was originally published in 1982; it was revised in 1997 with over 10,000 copies distributed in over 60 countries worldwide. The third edition, MDS-3: Managing Access to Medicines and Health Technologies reflects the dramatic changes in politics and public health priorities, advances in science and medicine, greater focus on health care systems, increased donor funding, and the advent of information technology that have profoundly affected access to essential medicines over the past 14 years. Nearly 100 experts from a wide range of disciplines and virtually every corner of the world have contributed to this third edition. In addition to many new country studies, references, and extensive revisions, MDS-3 offers new chapters on areas such as pharmaceutical benefits in insurance programs, pricing, intellectual property, drug seller initiatives, and traditional and complementary medicine. The revisions and new chapters echo the wide variety of issues that are important to health practitioners and policy makers today. MDS-3 will be a valuable tool in the effort to ensure universal access to quality medicines and health technologies and their appropriate use. |
| foundations of inventory management: Fundamentals of Business (black and White) Stephen J. Skripak, 2016-07-29 (Black & White version) Fundamentals of Business was created for Virginia Tech's MGT 1104 Foundations of Business through a collaboration between the Pamplin College of Business and Virginia Tech Libraries. This book is freely available at: http://hdl.handle.net/10919/70961 It is licensed with a Creative Commons-NonCommercial ShareAlike 3.0 license. |
| foundations of inventory management: FIA Foundations in Management Accounting - FMA Study Text-2013 BPP Learning Media, 2012-10-01 FIA - FMA Management Accounting (ACCA F2) Study Text |
| foundations of inventory management: FIA Foundations in Financial Management - FFM study Text-2013 BPP Learning Media, 2012-11-24 FIA - Foundations in Financial Mangement - FFM Study Text 2013 |
| foundations of inventory management: Thinking in Systems Donella H. Meadows, 2009 Thinking in Systems is a concise and crucial book offering insight for problem-solving on scales ranging from the personal to the global. This essential primer brings systems thinking out of the realm of computers and equations and into the tangible world, showing readers how to develop the systems-thinking skills that thought leaders across the globe consider critical for 21st-century life.While readers will learn the conceptual tools and methods of systems thinking, the heart of the book is grander than methodology. Donella Meadows was known as much for nurturing positive outcomes as she was for delving into the science behind global dilemmas. She reminds readers to pay attention to what is important, not just what is quantifiable, to stay humble and to continue to learn.In a world growing ever more complicated, crowded, and interdependent, Thinking in Systems helps readers avoid confusion and helplessness, the first step toward finding proactive and effective solutions. A vital read for students, professionals and all those concerned with economics, business, sustainability and the environment |
| foundations of inventory management: Fundamentals of Project Management James P. Lewis, 2002 Updated concepts and tools to set up project plans, schedule work, monitor progress-and consistently achieve desired project results.In today's time-based and cost-conscious global business environment, tight project deadlines and stringent expectations are the norm. This classic book provides businesspeople with an excellent introduction to project management, supplying sound, basic information (along with updated tools and techniques) to understand and master the complexities and nuances of project management. Clear and down-to-earth, this step-by-step guide explains how to effectively spearhead every stage of a project-from developing the goals and objectives to managing the project team-and make project management work in any company. This updated second edition includes: * New material on the Project Management Body of Knowledge (PMBOK) * Do's and don'ts of implementing scheduling software* Coverage of the PMP certification offered by the Project Management Institute* Updated information on developing problem statements and mission statements* Techniques for implementing today's project management technologies in any organization-in any industry. |
| foundations of inventory management: The Art Collector's Handbook Mary Rozell, 2020 With the rapid and unprecedented global expansion of the art market, new collectors are emerging every day. When buying art, whether for pure enjoyment, for investment or some other motive, few art collectors consider the practical and financial implications of owning and maintaining art, and many do not have a plan for how they might eventually dispose of it. This book, probing a number of resources and incorporating advice from top experts in the field, offers guidance on collection management and care, and serves as an important reference guide for collectors and those charged with managing. |
| foundations of inventory management: Fundamentals of Logistics Management Douglas M. Lambert, James R. Stock, Lisa M. Ellram, 1998 This text approaches logistics from a marketing perspective, and also integrates the area of marketing, accounting, finance, and manufacturing within the text. |
| foundations of inventory management: Inventory Management Insights Mansoor Muallim, 101-01-01 Chapter 1: The Foundations of Inventory Management Characters: Jammy (Expert) and Canny (Enthusiast) Jammy: Hey there, Canny! I'm excited to share some valuable insights about inventory management with you today. It's a crucial aspect of any business, and I'm sure you'll find it fascinating. Canny: Hi, Jammy! I'm really eager to learn more. So, what exactly is inventory management? Jammy: Great question, Canny! Inventory management involves efficiently handling a company's stock of goods to ensure smooth operations. It's all about striking the right balance between having enough products to meet customer demand while avoiding overstocking that ties up unnecessary capital. Canny: I see. So, why is it essential for businesses? Jammy: Well, effective inventory management brings several benefits. First and foremost, it helps businesses maintain customer satisfaction. When you have products readily available, you can fulfill orders promptly, leading to happy customers. Moreover, it reduces holding costs, which are the expenses associated with storing excess inventory. Canny: That makes sense. How do companies decide how much inventory to carry? Jammy: Good question! There are various factors that influence this decision. One crucial aspect is demand forecasting. By analyzing historical sales data and market trends, businesses can estimate future demand and plan their inventory accordingly. Canny: Is there a specific method for managing different types of products? Jammy: Absolutely! Not all products are equal. Businesses often categorize their inventory based on demand and value. This categorization helps them apply appropriate management techniques. For instance, high-value items may require closer monitoring and tighter controls. Canny: Interesting! Are there any popular inventory control models? Jammy: Yes, indeed! One of the widely used models is the Economic Order Quantity (EOQ) model. It calculates the optimal order quantity that minimizes total inventory costs, including ordering and holding costs. Canny: Is there any way to handle unpredictable demand? Jammy: Definitely! Safety stock comes into play here. It's the buffer inventory kept to tackle unexpected spikes in demand or delays in supply. Safety stock acts as an insurance against stockouts. Canny: That sounds important. How can technology help with inventory management? Jammy: Technology plays a significant role in modern inventory management. Businesses use specialized software to automate various processes, such as order processing, tracking, and forecasting. This streamlines operations and enhances accuracy. Canny: Thanks for sharing all this valuable information, Jammy. It's been really enlightening. Jammy: You're welcome, Canny! Inventory management is an ever-evolving field, and there's always something new to learn. I'm glad I could help satisfy your thirst for knowledge! Key Takeaways: Inventory management is about efficiently handling a company's stock of goods to meet customer demand while minimizing holding costs. Demand forecasting is crucial for determining the right inventory levels. Categorizing inventory based on demand and value helps tailor management techniques. The Economic Order Quantity (EOQ) model is widely used for inventory control. Safety stock acts as a buffer against unexpected fluctuations in demand or supply. Technology, such as inventory management software, plays a significant role in streamlining processes and improving accuracy. |
| foundations of inventory management: Supply Chain Disruptions Haresh Gurnani, Anuj Mehrotra, Saibal Ray, 2014-12-02 One of the most critical issues facing supply chain managers in today’s globalized and highly uncertain business environments is how to deal proactively with disruptions that might affect the complicated supply networks characterizing modern enterprises. Supply Chain Disruptions: Theory and Practice of Managing Risk presents a state-of the-art perspective on this particular issue. Supply Chain Disruptions: Theory and Practice of Managing Risk demonstrates that effective management of supply disruptions necessitates both strategic and tactical measures – the former involving optimal design of supply networks; the latter involving inventory, finance and demand management. It shows that managers ought to use all available levers at their disposal throughout the supply network – like sourcing and pricing strategies, providing financial subsidies, encouraging information sharing and incentive alignment between supply chain partners – in order to tackle supply disruptions. The editors combine up-to-date academic research with the latest operational risk management practices used in industry to demonstrate how theoreticians and practitioners can learn from each other. As well as providing a wealth of knowledge for students and professors who are interested in pursuing research or teaching courses in the rapidly growing area of supply chain risk management, Supply Chain Disruptions: Theory and Practice of Managing Risk also acts as a ready reference for practitioners who are interested in understanding the theoretical underpinnings of effective supply disruption management techniques. |
| foundations of inventory management: Forest Inventory Annika Kangas, Matti Maltamo, 2009-07-10 This book has been developed as a forest inventory textbook for students and could also serve as a handbook for practical foresters. We have set out to keep the mathematics in the book at a fairly non-technical level, and therefore, although we deal with many issues that include highly sophisticated methodology, we try to present first and foremost the ideas behind them. For foresters who need more details, references are given to more advanced scientific papers and books in the fields of statistics and biometrics. Forest inventory books deal mostly with sampling and measurement issues, as found here in section I, but since forest inventories in many countries involve much more than this, we have also included material on forestry applications. Most applications nowadays involve remote sensing technology of some sort, so that section II deals mostly with the use of remote sensing material for this purpose. Section III deals with national inventories carried out in different parts of world, and section IV is an attempt to outline some future possibilities of forest inventory methodologies. The editors, Annika Kangas Professor of Forest Mensuration and Management, Department of Forest Resource Management, University of Helsinki. Matti Maltamo Professor of Forest Mensuration, Faculty of Forestry, University of Joensuu. ACKNOWLEDGEMENTS |
| foundations of inventory management: Inventory Management Foundations Steven Brown, 2018 |
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