Consolidating Product Sizes to Minimize Inventory Levels for a Multi-Stage Production and Distribution System
作者:
NewhartDennis D.,
StottKenneth L.,
VaskoFrancis J.,
期刊:
Journal of the Operational Research Society
(Taylor Available online 1993)
卷期:
Volume 44,
issue 7
页码: 637-644
ISSN:0160-5682
年代: 1993
DOI:10.1057/jors.1993.113
出版商: Taylor&Francis
关键词: Distribution;Inventory;Location;Planning
数据来源: Taylor
摘要:
AbstractThe optimal design of a supply chain was approached in two phases by using: (1) a mathematical programming formulation and heuristic solution approach to minimize the distinct number of product types held at various points in the supply chain; and (2) a spreadsheet inventory model to estimate the safety stock needed to absorb random fluctuations in both demand and lead time throughout the system. This two-phased approach allowed management to quantify the effects of inventory required for locating parts of the supply chain in different geographic areas. The quantification of projected inventory requirements was a critical input used by senior management to clarify their final decision-making process.
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