Recent articles from Production & Inventory Management Journal

Use of Bayesian probabilities to identify and improve distribution center error rates.(Statistical
Data Included)
December 22, 2002... The performance level of each link in the supply chain is a critical
operational factor in logistics system management. The interconnected steps from raw material
supplier 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 at
improving solutions to the single-level unconstrained resource lot-sizing problem [1]. Today's
computers use existing algorithms to quickly solve these simple problems. Although this article
does 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 the
assumptions 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 the
population 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 designed
by the International Organization for Standardization (ISO) to promote process consistency within
an organization. Implementing ISO 9000 requires that a company establish, document, and
maintain a system to regulate and...
Adapting production processes to respond to evolutionary changes in market conditions: a case
study.
December 22, 2002... Manufacturing firms are facing increased competition and rapidly changing
market conditions in today's global marketplace. Companies must provide products that satisfy
changing consumer preferences while maintaining stringent cost and quality standards. It is
important 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," said
John Toomey, Visible Inventory President and CEO. "In these environments, costly
"safety" inventories or crippling shortages due to inaccurate...Companies
incorporating ...
 Inventory-turnover analysis: its importance for on-site food
service.

Cornell Hotel & Restaurant Administration Quarterly; Thursday, April 01,

1999; Reynolds, Dennis; 700+ words ...In other words, too much inventory
provides opportunities for...Furthermore, unnecessarily large inventories result in
inordinate waste...result from overstocked inventories. Too little inventory, on the
other hand, results...therefore, is simply good ...

Inventory reduction carries risks and rewards

for electric utilities....

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

Inventory management takes

flexibility, effort. (Timeshare:
operations).

Hotel & Motel Management; Monday, February 03, 2003; Baumann, M.A.;
700+ words The process of inventory management might appear to be...regarding
inventory management. In many cases, there...to manage timeshare inventory.
"There's a lot...successful inventory-management system. "We have...

Inventory's New
Dimensions.

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

Inventory
anxiety.
(inventory of
 custom
houses)
(includes
related
articles)

Builder; Friday, September 01, 1995; Donohue, Gerry; 700+ words ...story.
Nationwide, inventory levels stand at about...is acute. Excess inventories build
quickly and...to liquidate your inventory and then readjust...houses. We need some
inventory level to meet the...Chuck Graham, a management consultant in ...

I
n
v
e
n
t
o
r
y
m
a
n
a
g
e
m
e
n
t
:
a
w
a
y
t
o
g
i
v
e
i
t
a
g
r
a
d
e
:
i
n
v
e
 n
t
o
r
y
e
l
a
s
t
i
c
i
t
y
i
s
.
.
.

Supply House Times; Sunday, October 01, 2006; 700+ words ...appearing
regularly make inventory management as dicey as predicting what...operations and
information management Professor Serguei Netessine...included in the sample, since
inventories are less relevant for such...sample held $396 million of ...

Inventorie
s for
NWRM:
how we
spent our
spring
vacation.
(nuclear
weapons...

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

Inventory prob
can be brough
control.

Puget Sound Business Journal; Friday, February 25, 1994; Thies, Mike Thies,
Lori; 700+ words ...500 widgets left over? Inventory should always make
sense...wholesalers don't regard inventory control as a high priority in their
management hiring or in their everyday...maximum profits. Inventory
management and control ha
 Manufacturing & Service Operations Management; Saturday, March 22,
2008; Chen, Li; 700+ words ...the Bayesian inventory management literature
is...production-inventory system under...Bayesian inventory management;
unknown demand...The optimal inventory level for the...Bayesian inventory
HFN The Weekly Newspaper for the Home Furnishing Network; Monday,
October 14, 2002; Zaczkiewicz, Arthur; 601 words ...had increased their
inventories 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 increase
Interfaces; Wednesday, September 01, 2004; Bangash, Alex Bollapragada,
Ramesh Klein, Rachelle Raman, Narayan Shulman, Herbert B. Smith, Donald
R.; 700+ words ...level of service with less inventory. Lucent Technologies used the
inventory requirements planning (IRP) system to manage inventories for many
product 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