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Recent articles from Production & Inventory Management Journal

Use of Bayesian probabilities to identify and improve distribution center error rates.(StatisticalData Included)December 22, 2002... The performance level of each link in the supply chain is a criticaloperational factor in logistics system management. The interconnected steps from raw materialsupplier through production to product delivery must operate efficiently for the supply chain to

achieve its primary objective:...

Average cost lot-sizing heuristics: revised stopping conditions with increased intuition.December 22, 2002... As other authors have noted, there is no lack of research aimed atimproving solutions to the single-level unconstrained resource lot-sizing problem [1]. Today'scomputers use existing algorithms to quickly solve these simple problems. Although this articledoes not show how to solve the...

Simple way to find order quantities subject to an aggregate constraint.(Statistical Data Included)December 22, 2002... This article considers the context of a population of items for which theassumptions underlying the economic order quantity derivation hold reasonably well. However,as is frequently the case in practice, there is an aggregate constraint that applies to thepopulation as a whole. Two...

How Tompkins Rubber Company used analytic hierarchy process to enhance ISO 9000-related

decision making.December 22, 2002... ISO 9000, a set of generic quality management standards, was designedby the International Organization for Standardization (ISO) to promote process consistency withinan organization. Implementing ISO 9000 requires that a company establish, document, andmaintain a system to regulate and...

Adapting production processes to respond to evolutionary changes in market conditions: a casestudy.December 22, 2002... Manufacturing firms are facing increased competition and rapidly changingmarket conditions in today's global marketplace. Companies must provide products that satisfychanging consumer preferences while maintaining stringent cost and quality standards. It isimportant for manufacturing..

20

DESC inventory mana RANK 1/1/0001 12:00 12/31/9999 11: 1

Inventory Management Products are sensor-based.(Visible Inventory...

Product News Network; Friday, April 23, 2004; 700+ words ...accurate, real-time control of their inventories or supplies, can especially benefit...solutions," saidJohn Toomey, Visible Inventory President and CEO. "In these environments, costly"safety" inventories or crippling shortages due to inaccurate...Companies

incorporating ...

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Inventory-turnover analysis: its importance for on-site foodservice.

Cornell Hotel & Restaurant Administration Quarterly; Thursday, April 01,1999; Reynolds, Dennis; 700+ words ...In other words, too much inventoryprovides opportunities for...Furthermore, unnecessarily large inventories result ininordinate waste...result from overstocked inventories. Too little inventory, on the

other hand, results...therefore, is simply good ...

Inventory reduction carries risks and rewardsfor electric utilities....

Electric Light & Power; Sunday, December 01, 1996; Owlett, Steven; 700+words ...assessment of the current inventory system. An internalassessment...condition; * reviewing existing inventory managment policies andprocedures...several factors in the material management process (includingplanning...review of existing inventory ...

Inventory management takesflexibility, effort. (Timeshare:operations).

Hotel & Motel Management; Monday, February 03, 2003; Baumann, M.A.;700+ words The process ofinventorymanagement might appear to be...regardinginventorymanagement. In many cases, there...to manage timeshare inventory.

"There's a lot...successful inventory-management system. "We have...

Inventory's NewDimensions.

Traffic World; Monday, August 25, 2008; Hoffman, William; 700+ words...transportation to help keep inventories lean. Now that higher...technology tomanage inventories by matching the sophistication...the move to better inventorymanagement tools has been the...exceeded that of retail inventories for the first ...

Inventoryanxiety.(inventory of

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customhouses)(includesrelatedarticles)

Builder; Friday, September 01, 1995; Donohue, Gerry; 700+ words ...story.

Nationwide, inventory levels stand at about...is acute. Excess inventories buildquickly and...to liquidate your inventory and then readjust...houses. We need someinventory level to meet the...Chuck Graham, a management consultant in ...

Invent

orymanagement:

awaytogiveitag

rade:inve

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ntoryel

asticityis...

Supply House Times; Sunday, October 01, 2006; 700+ words ...appearingregularly make inventorymanagement as dicey as predicting what...operations andinformation management Professor Serguei Netessine...included in the sample, sinceinventories are less relevant for such...sample held $396 million of ...

Invents forNWRMhow wspent

springvacatio(nucleweapo

Air Force Journal of Logistics; Monday, June 22, 2009; Bowman, Gale J.; 700+words ...accountability and the enterprise management of critical nuclearweapons...The Air Force Logistics Management Agency will continue to...The AirForce Logistics Management Agency (AFLMA) was asked...conduct a wall-to-wallinventory, the first task was ...

Inventcan becontro

Puget Sound Business Journal; Friday, February 25, 1994; Thies, Mike Thies,Lori; 700+ words ...500 widgets left over? Inventory should always makesense...wholesalers don't regard inventory control as a high priority in theirmanagement hiring or in their everyday...maximum profits. Inventorymanagement and control ha

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Manufacturing & Service Operations Management; Saturday, March 22,2008; Chen, Li; 700+ words ...the Bayesian inventorymanagement literatureis...production-inventory system under...Bayesian inventorymanagement;unknown demand...The optimal inventory level for the...Bayesian inventoryHFN The Weekly Newspaper for the Home Furnishing Network; Monday,October 14, 2002; Zaczkiewicz, Arthur; 601 words ...had increased theirinventories by 10 percent or...highest gains in inventories include

companies...expansion plans. Higher inventory levels are often...store openings.Management at Pier 1 Imports...Beyond, which had inventories increaseInterfaces; Wednesday, September 01, 2004; Bangash, Alex Bollapragada,Ramesh Klein, Rachelle Raman, Narayan Shulman, Herbert B. Smith, DonaldR.; 700+ words ...level of service with less inventory. Lucent Technologies used theinventory requirements planning (IRP) system to manage inventories for manyproduct lines...the IRP system to manage inventory at various locations had...trade-offs and to set ...

To provide continuous supply of raw materials to carry uninterrupted

production

To reduce the wastages and loss of pilferage , breakage and deterioration.

To exploit the opportunities available and to reduce the cost of purchase

To introduce scientific inventory management techniques

To provide right material at right time from the right sources and places

To meet the demand for goods of ultimate consumer on time without

creating excess stock levels

To avoid excess and adequate storing of materials

Neither to over stock nor to run out is the best policy

To protect the quality material

To reduce the order placing and receiving costs to the minimum

To ensure the effective utilization of the floor space