Consolidating Product Sizes to Minimize Inventory Levels for a Multi-Stage Production and Distribution System

Newhart, Dennis D.; Stott, Kenneth L.; Vasko, Francis J.

doi:10.1057/jors.1993.113

Cited by 55 publications

(5 citation statements)

References 9 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Ishii et al (2007) developed a deterministic model to prevent stock outs and minimize the amount of inventory. Newhart et al (1993) designed an optimal supply chain to minimize the number of distinct product types held in inventory. Inventory holding costs can be between 20 to 40 percent of their values, so efficient inventory management is crucial in supply chain operations.…”

Section: Literature Reviewmentioning

confidence: 99%

A Case Study of Supply Chain Management in a Manufacturing Company in China

Luo

Huang

Lee

et al. 2018

Nang Yan Business Journal

View full text Add to dashboard Cite

How to manage inventory is becoming an increasingly crucial issue for most manufacturing companies. R&D, the pseudonymous case study considered here, is a foreign direct investment (FDI) company engaged in producing electronic components. As the prices of raw materials and operation costs increased, R&D was challenged to maintain a smooth relationship among several factors: level of inventory, customer satisfaction and production efficiency. This paper first discusses the key factors that affect R&D’s inventory level. It then combines recent supply chain management theories and quantitative data into a framework for identifying how R&D might determine optimal ordering policies and strategies to reduce overall costs, while at the same time satisfying customers in terms of service.

show abstract

Section: Literature Reviewmentioning

confidence: 99%

A Case Study of Supply Chain Management in a Manufacturing Company in China

Luo

Huang

Lee

et al. 2018

Nang Yan Business Journal

View full text Add to dashboard Cite

show abstract

“…However, having large inventories at normal operation is often costly, why it might be preferable to choose lower buffer tank levels. Regarding estimation of the cost of inventories and optimal choice of inventory or buffer tank levels, much work has been done within operations research, for example in [11] and [12]. At industrial sites, the longest disturbance durations often correspond to disturbances that are very rare.…”

Section: Step 3 A): Choose Buffer Tank Levelsmentioning

confidence: 99%

A Method for Improving Plant Availability with Respect to Utilities using Buffer Tanks

Lindholm¹

2011

Artificial Intelligence and Applications / 718: Modelling, Identification, and Control

View full text Add to dashboard Cite

Disturbances on utilities, such as steam and cooling water, often cause large revenue losses at industrial sites. These disturbances are often hard to handle, since they commonly are plant-wide disturbances that affect more than one production area at the site. Also, the production areas of the site are often dependent on other production areas because of the flow of product through the site, which makes the effect of disturbances on utilities hard to predict. In this paper, a simple method for decreasing the revenue loss due to disturbances on utilities is presented, where production areas are modeled as either operating at full speed or not operating (on/off), and buffer tanks between areas at the site are utilized. Both choice of levels in the buffer tank and control of the product flow at the site during a disturbance are discussed.

show abstract

“…In addition, production and distribution of parts, sub-assemblies and products has many interesting aspects. Cohen & Lee (1988), Cohen & Moon (1990), Newhart et al (1993) have discussed supply chain coordination issues under deterministic scenarios and a global optimization criterion. Lee & Billington (1993) and Pyke & Cohen (1993, 1994 consider stochastic environments and provide approximations to optimal inventory levels, reorder intervals and service levels.…”

Section: Inter-plant Coordinationmentioning

confidence: 99%

Managing configurable products in the computer industry: Planning and coordination issues

Srinivasan¹,

Swaminathan

1997

Sadhana

View full text Add to dashboard Cite

With the increase in the drive towards greater customer satisfaction, there has been a proliferation in the variety of products offered by manufacturers. Variety provides considerable choice to customers and encourages manufacturers to modularize their product lines. However, associated with a broad product line are complexities related to design, forecasting, coordination and operations. In this paper, we discuss some of these important issues.

show abstract

Consolidating Product Sizes to Minimize Inventory Levels for a Multi-Stage Production and Distribution System

Cited by 55 publications

References 9 publications

A Case Study of Supply Chain Management in a Manufacturing Company in China

A Case Study of Supply Chain Management in a Manufacturing Company in China

A Method for Improving Plant Availability with Respect to Utilities using Buffer Tanks

Managing configurable products in the computer industry: Planning and coordination issues

Contact Info

Product

Resources

About