Inventory and Production Management in Supply Chains, 4th Edition

Authored by a team of experts, the new edition of this bestseller presents practical techniques for managing inventory and production throughout supply chains. It covers the current context of inventory and production management, replenishment systems for managing individual inventories within a firm, managing inventory in multiple locations and firms, and production management. The book presents sophisticated concepts and solutions with an eye towards today’s economy of global demand, cost-saving, and rapid cycles. It explains how to decrease working capital and how to deal with coordinating chains across boundaries.

• Presents the work of leading supply chain experts who have reunited to present an updated edition of their widely acclaimed book
• Focuses on current challenges to managers, such as the expanding reach of global chains across boundaries, new pressures for fiscal responsibility and speed, and increasing accuracy and complexity of inventory management
• Includes practical advice for meeting the challenges of today as well as presenting new developments to be utilized in advancing other improvements
• Outlines advanced concept and theory, along with easy to implement, elegant solutions

Preface
Acknowledgements
Authors

Section I : The Context and Importance of Inventory Management and Production Planning
Chapter 1 : The Importance of Inventory Management and Production Planning and Scheduling
Chapter 2 : Frameworks for Inventory Management and Production Planning and Scheduling
Chapter 3 : Forecasting Models and Techniques

Section II : Replenishment Systems for Managing Individual Item Inventories within A Firm
Chapter 4 : Order Quantities When Demand is Approximately Level
Chapter 5 : Lot Sizing for Individual Items with Time-Varying Demand
Chapter 6 : Individual Items with Probabilistic Demand

Section III : Special Classes of Items
Chapter 7 : Managing the Most Important Inventories
Chapter 8 : Managing Slow-Moving and Low-Value (Class C) Inventories
Chapter 9 : Style Goods and Perishable Items

Section IV : Managing Inventory Across Multiple Locations and Multiple Firms
Chapter 10 : Coordinated Replenishments at a Single Stocking Point
Chapter 11 : Multiechelon Inventory Management
Chapter 12 : Coordinating Inventory Management in the Supply Chain

Section V : Production Management
Chapter 13 : An Overall Framework for Production Planning and Scheduling
Chapter 14 : Medium-Range Aggregate Production Planning
Chapter 15 : Material Requirements Planning and Its Extensions
Chapter 16 : Just-in-Time, Optimized Production Technology and Short-Range Production Scheduling
Chapter 17 : Summary

Appendix I : Elements of Lagrangian Optimization
Appendix II : The Normal Probability Distribution
Appendix III : Approximations and Excel Functions
Author Index
Subject Index