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The Logistics and Supply Chain Toolkit : Over 100 Tools for Transport, Warehousing and Inventory Management
The Logistics and Supply Chain Toolkit provides practical tools and ideas to optimize the management of logistics and supply chain processes. The fourth edition is fully updated to feature the latest frameworks and topics, including robotics and blockchain in logistics and how to measure the return on investment for these technologies.It offers solutions and plans spanning across a variety of functions such as warehousing, logistics, supply chain management, inventory and outsourcing.General management, performance management and problem-solving tools are also included to provide a broader, transferable scope of tools for the reader. Each toolkit addresses key principles within its area of discipline, providing the reader with a precision approach to be used in complex and sensitive circumstances.The Logistics and Supply Chain Toolkit is an essential resource of practical tools and information for warehouse, inventory and transport managers and students to help them tackle the challenges of logistics and supply chain management.Online resources contain downloadable content, including supply chain audits and supply chain strategy decision charts.
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A Practical Guide to Logistics : An Introduction to Transport, Warehousing and Distribution
Few enter the logistics management industry with experience in all aspects of the profession.This book provides clear, workable explanations and guidance on the fundamentals to achieve success. A Practical Guide to Logistics is a straightforward guide taking readers through all aspects of the industry, covering packaging, transportation, warehousing and exporting and importing of goods.This fully updated second edition features a new chapter on Health and Safety in the field, and coverage of the most recent developments impacting logistics, including automation and electric vehicles. It equips readers with the necessary knowledge to progress in their careers and provides balanced advice on how to choose the right option for their business.A Practical Guide to Logistics is an essential introduction for practitioners, undergraduate and postgraduate students of logistics.
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Inventory Control
This third edition, which has been fully updated and now includes improved and extended explanations, is suitable as a core textbook as well as a source book for industry practitioners.It covers traditional approaches for forecasting, lot sizing, determination of safety stocks and reorder points, KANBAN policies and Material Requirements Planning.It also includes recent advances in inventory theory, for example, new techniques for multi-echelon inventory systems and Roundy's 98 percent approximation.The book also considers methods for coordinated replenishments of different items, and various practical issues in connection with industrial implementation. Other topics covered in Inventory Control include: alternative forecasting techniques, material on different stochastic demand processes and how they can be fitted to empirical data, generalized treatment of single-echelon periodic review systems, capacity constrained lot sizing, short sections on lateral transshipments and on remanufacturing, coordination and contracts.As noted, the explanations have been improved throughout the book and the text also includes problems, with solutions in an appendix.
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Inventory of Doubts
Godfrey describes how looking at art from the past makes us hunger for a civilization that might no longer be thriving amidst a greater desensitization and insular mass behavior.Furthermore, we are left to meditate on how we may just be on our own in the universe to even a higher degree than before because our attention and enthusiasm seems directed to the unmentioned gadgetry of modern human beings.
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What are inventory and inventory holding costs?
Inventory refers to the goods and materials held by a business for the purpose of resale or production. Inventory holding costs, also known as carrying costs, are the expenses associated with holding and storing inventory. These costs can include expenses such as storage, insurance, obsolescence, and the opportunity cost of tying up capital in inventory. Managing inventory and minimizing inventory holding costs is important for businesses to optimize their cash flow and profitability.
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How does an increase in inventory turnover frequency affect inventory costs and inventory risk?
An increase in inventory turnover frequency typically leads to lower inventory costs as it indicates that inventory is being sold and replenished more quickly, reducing the need for excess inventory storage and associated costs. Additionally, a higher turnover frequency can help mitigate inventory risk by reducing the likelihood of inventory obsolescence or damage due to prolonged storage. Overall, a faster inventory turnover frequency can lead to improved efficiency, lower costs, and reduced inventory risk for a business.
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What is the beginning inventory and ending inventory here?
The beginning inventory is the amount of inventory available at the start of a specific period, typically a fiscal year or accounting period. The ending inventory, on the other hand, is the amount of inventory remaining at the end of the same period. By comparing the beginning and ending inventory levels, a company can determine how much inventory was used or sold during that period.
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What is the meaning of periodic inventory and perpetual inventory?
Periodic inventory refers to a system where a physical count of inventory is conducted at specific intervals, such as monthly or annually, to determine the quantity on hand and the cost of goods sold. On the other hand, perpetual inventory is a system that continuously tracks inventory levels in real-time using technology such as barcode scanners and RFID tags. This system provides up-to-date information on inventory levels, cost of goods sold, and helps in managing stock levels efficiently.
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Buffer Filling Inflatable Container Dunnage Bag Warehousing Logistics Transport Collision Stable
Buffer Filling Inflatable Container Dunnage Bag Warehousing Logistics Transport Collision Stable
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Excellence in Maintenance Management : A Cross-functional Approach (including the Purchasing, Inventory and Warehousing Functions)
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Inventory Optimization : Models and Simulations
In this book . . . Nicolas Vandeput hacks his way through the maze of quantitative supply chain optimizations.This book illustrates how the quantitative optimization of 21st century supply chains should be crafted and executed. . . . Vandeput is at the forefront of a new and better way of doing supply chains, and thanks to a richly illustrated book, where every single situation gets its own illustrating code snippet, so could you. --Joannes Vermorel, CEO, Lokad Inventory Optimization argues that mathematical inventory models can only take us so far with supply chain management.In order to optimize inventory policies, we have to use probabilistic simulations.The book explains how to implement these models and simulations step-by-step, starting from simple deterministic ones to complex multi-echelon optimization. The first two parts of the book discuss classical mathematical models, their limitations and assumptions, and a quick but effective introduction to Python is provided.Part 3 contains more advanced models that will allow you to optimize your profits, estimate your lost sales and use advanced demand distributions.It also provides an explanation of how you can optimize a multi-echelon supply chain based on a simple—yet powerful—framework.Part 4 discusses inventory optimization thanks to simulations under custom discrete demand probability functions. Inventory managers, demand planners and academics interested in gaining cost-effective solutions will benefit from the "do-it-yourself" examples and Python programs included in each chapter. Events around the book Link to a De Gruyter Online Event in which the author Nicolas Vandeput together with Stefan de Kok, supply chain innovator and CEO of Wahupa; Koen Cobbaert, Director in the S&O Industry practice of PwC Belgium; Bram Desmet, professor of operations & supply chain at the Vlerick Business School in Ghent; and Karl-Eric Devaux, Planning Consultant, Hatmill, discuss about models for inventory optimization. The event will be moderated by Eric Wilson, Director of Thought Leadership for Institute of Business Forecasting (IBF):https://youtu.be/565fDQMJEEg
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Application of Optimization in Production, Logistics, Inventory, Supply Chain Management and Block Chain
The evolution of industrial development since the 18th century is now experiencing the fourth industrial revolution. The effect of the development has propagated into almost every sector of the industry. From inventory to the circular economy, the effectiveness of technology has been fruitful for industry. The recent trends in research, with new ideas and methodologies, are included in this book. Several new ideas and business strategies are developed in the area of the supply chain management, logistics, optimization, and forecasting for the improvement of the economy of the society and the environment. The proposed technologies and ideas are either novel or help modify several other new ideas. Different real life problems with different dimensions are discussed in the book so that readers may connect with the recent issues in society and industry. The collection of the articles provides a glimpse into the new research trends in technology, business, and the environment.
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What is the difference between inventory increase and inventory decrease?
Inventory increase refers to the situation where the amount of goods or materials in stock has grown, either due to new purchases, production, or other factors. This can be a positive sign of business growth, but it can also tie up capital and increase storage costs. On the other hand, inventory decrease occurs when the amount of goods or materials in stock has decreased, either due to sales, usage, or other factors. This can be a sign of strong demand and efficient operations, but it can also lead to stockouts and lost sales if not managed properly. Both inventory increase and decrease are important to monitor and manage in order to maintain a healthy balance and meet customer demand.
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Does the inventory in accounting not match the target inventory?
If the inventory in accounting does not match the target inventory, it could indicate potential issues such as theft, errors in recording transactions, or discrepancies in the physical counting of inventory. It is important to investigate the root cause of the discrepancy and take corrective actions to reconcile the inventory. This may involve conducting a physical inventory count, reviewing transaction records, and implementing better inventory management practices to prevent future discrepancies. Regular monitoring and reconciliation of inventory can help ensure accurate accounting records and prevent potential losses.
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Does a high inventory level negatively impact profit during the inventory?
A high inventory level can negatively impact profit during the inventory period. This is because holding excess inventory ties up capital that could be used for other investments or operational expenses. Additionally, high inventory levels can lead to increased storage and carrying costs, as well as the risk of obsolescence or spoilage. It can also result in markdowns or discounts to move excess inventory, which can impact profit margins. Therefore, it is important for businesses to carefully manage their inventory levels to optimize profitability.
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What is an inventory?
An inventory is a detailed list of all the goods or materials held by a business or organization. It includes information such as the quantity, value, and location of each item. Inventories are essential for businesses to keep track of their assets, monitor stock levels, and ensure efficient operations. Proper inventory management helps businesses avoid stockouts, reduce carrying costs, and improve overall profitability.
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