• ISBN13: 9788126917303
• Binding: Paperback
• Subject: Business Management
• Publisher: Atlantic Publishers & Distributors (P) Ltd
• Publisher Imprint: Atlantic
• Publication Date: May 26, 2012
• Pages: 278
• Original Price: INR 275.0
• Language: English
• Edition: N/A
• Item Weight: 230 grams
• BISAC Subject(s): Economics / General

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.

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.

• 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 Level and Service Level
• Summary
• Reference
• 7. Multi-Locations
• Introduction
• Network Design
• Network Replenishments
• Master Location (ML)
• Stocking Branch Locations (SBL)
• Non-Stocking Branch Location (NSBL)
• 2-Level-Service Location (2LS)
• Network Configuration
• Replenish Quantity for Each Location
• Replenish at ML and SBL
• Replenish at NSBL
• Replenish at 2LS
• Replenish Quantity for the Network

• Part Location Assignment

• K-Month-Rule
• 2-Level-Service (2LS)
• Allocate
• Transfer
• Summary
• References
• 8. Production
• Introduction
• Production Plan
• Make to Stock
• Make to Order
• Make to Stock and Make to Order
• Master Production Schedule
• Rough Cut Capacity Planning
• Bill-of-Material
• Material Requirement Planning
• Summary
• References
• 9. Assembly
• Introduction
• Single Model Lines
• Single Model Assembly
• Cycle Time and Balance Delay
• Parallel Lines
• Sub-Assembly Lines
• Effective Cycle Time
• Precedence Diagram
• Line Balancing
• Mixed Model Lines
• Make to Stock Mixed Model Assembly Lines
• Mixed Model Line Balancing
• Mixed Model Sequencing
• Sequencing Algorithm for Make to Stock
• Make to Order Mixed Model Assembly Line
• Sequencing by Features and Options
• Sequencing Algorithm for Make-to-Order
• Summary
• References
• 10. IOQ, EOQ and ATR
• Introduction
• Life Cycle Curve
• Buy Quantities
• Initial Order Quantity
• New-Parts-of-the-Past–Cost per Unit
• Attribute Data
• Probability Points
• Ten Demand Points
• New-Parts-of-the-Future
• Ten Demand Points
• Ten IOQ Points
• Data Summary–
• Annual Cost Model
• All Time Requirements
• Background
• Time Horizon
• Probability Distribution on Active Life
• Life Cycle
• Life Cycle Fit
• Computing the All Time Requirements
• Summary
• References
• 11. Late Delivery and Lost Sales
• Introduction
• Late Delivery
• Safety Stock for a Desired Service Level
• Service Level when Late Delivery
• Half-Normal Distribution
• Delivery Time Distribution
• Lead Time Sensitivity on the Service Level
• Safety Time and Safety Time Stock
• Lost Sales
• Demand Model–Demand Categories
• Service Level
• Backorder Portion of Unfilled Demands–Lost Sales Model
• Estimating Potential Sales
• Summary
• References
• 12. Reusable Inventory
• Introduction
• Reusable Inventory When Backorders
• Reusable Inventory When Lost Sales
• Summary
• Reference
• 13. Statistical Process Control 190-203
• Introduction
• Attribute Type Data
• p Chart
• Pre-Study–Process Control
• Process Capability
• Monitoring–np Chart–c Chart
• u Chart
• Variable Type Data
• Six-Sigma Limits
• x-Bar and R Chart
• x-Bar and s Chart
• Median Chart
• Individual Chart
• Summary
• References
• 14. Supply Chain Management
• Introduction
• Plant to Warehouse to DC to Stores and to Customers
• Parts DC and Direct Ship Suppliers to Retailer Master Location to Branch Locations and to Customers
• Parts DC to Parts Supplier to Packager with a Link to Component Supplier and to Parts DC
• Demands along the Supply Chain
• All Customers Monthly Demands
• Average Dealer Monthly Demands
• Average DC Monthly Demands
• Analysis
• Average Monthly Demands for all DCs
• Average Monthly Demands for Supplier
• Summary Statistics across the Supply Chain
• Summary
• References
• 15. Software and the Supply Chain
• Introduction
• Supplier Cluster and Location Cluster
• Forecast and Replenish
• Compare
• Buy
• Returns
• Allocate
• Transfer
• Share

• Multi Part Buy

• Limit Buy
• OPOL
• Firm Weekly
• Master Production Scheduler
• Firm Weekly in Production
• Firm Weekly in Retail
• The Supply Chain
• Links in the Supply Chain–
• Raw Goods Suppliers
• Basic Goods Suppliers

• Component Part Suppliers

• Plants
• Service Parts Distribution Centers
• Finished Goods Distribution Centers
• Dealers, Stores and Branches
• Customers–Special for Dealers and the MPB Routine

• Buying from Component Part Suppliers

• Buying from Distribution Centers–Special for Distribution Centers and Dealers
• Accessories–Firm and the Supply Chain
• Summary
• 16. Transportation and Logistics
• Introduction
• Transportation
• Modes of Transport–Air
• Road
• Rail
• Water
• Pipeline–Vehicles of Transport–Trucks
• Trains
• Barge
• Cargo Aircraft
• Cargo Handling
• Ports
• Forklift Trucks
• Cranes
• Pallets
• Containers
• Dunnage–Transport Security
• Operations–Dispatchers
• Bill of Lading
• Tariff
• Truckload
• Full Container Load
• Break Bulk Cargo
• Air Freight–Logistics–Cross-Docking
• Postponement
• Third-Party Logistics
• Outsourcing
• Warehouse Management Systems
• Production Logistics
• Tracking and Tracing
• Barcode
• Radio Frequency Identification
• Incoterms–Summary
• References
• Problems
• Solutions
• Index