Inventory management problem statement supply chain management

Many focus only on fast-moving items, ignoring the savings potential of managing slow-movers. Here's how to tap this new opportunity.

Inventory management problem statement supply chain management

A sample of possible research topics in this area is presented below. In addition to the following sample topics, please contact us at consulting etcoindia.

The concept of demand forecasting is diminishing as more and more companies are now focusing on getting accurate and timely demand information rather than depending upon forecasts.

This is carried out by effective integration of information from all the nodes of the supply chain and disseminating upstream as well as downstream. However, there are many industries that will continue to depend upon push strategy and demand forecasting.

The students may like to study about the drawbacks of traditional forecasting methods like time series forecasting, moving averages, trend analysis, etc.

Many companies want to incorporate real time data in their forecasting models and focus on forecasting for shorter periods. This requires lots of additional knowledge over and above the traditional ways of working upon past demand data. The modern forecasting models may be based on accurate knowledge of customer segments, major factors that influence forecasting accuracy, information integration, bullwhip effect, scenario planning, simulations, external factors, risks, and causal Fishbone or Ishikawa analysis.

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Most of the studies may be qualitative or triangulated. Aggregation is carried out by a company to determine the levels of pricing, capacity, production, outsourcing, inventory, etc. Aggregation planning helps in consolidation of the internal and external stock keeping units SKUs within the decision and strategic framework for reducing costs, meeting demands and maximising profits.

It may be viewed as the next step of either demand forecasting push strategy or demand information accumulation pull strategy for carrying out estimations of the inventory level, internal capacity levels, outsourced capacity levels, workforce levels, and production levels required in a specified time period.

Aggregation planning in modern supply chains is carried out using advanced planning tools comprising of 2D layout maps, 3D spatial maps, structural maps, data association with map items, spatial data mining, location-aware data mining, analytical hierachy planning, etc.

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The students may like to conduct qualitative case studies and modeling-based quantitative studies to research about modern practices of aggregation planning in various industrial and retail sectors.

I Global Supply Chains: In the modern world, suppliers in a country are facing direct competition from international suppliers as if the latter are operating within the country.

Inventory management problem statement supply chain management

This has happened due to modernization of information management and dissemination, supply routes, payment channels, electronic contracts, leading to improved reliability and reduced lead times of international suppliers.

E-Supply Chains are linked with E-Businesses that use Internet as their medium for accepting orders and payments, and then using the physical channels to deliver the products.

E-supply chain is an excellent example of pull strategy and short term demand forecasting. Information flow across the supply chain is instantaneous because both end points and the intermediate agents work through a single Internet enabled portal.

E-Bay and Amazon are viewed as the two most successful companies using this concept at global scales with built-in electronic contract signing and management, electronic payment processing, and electronic delivery processing. The students can find various case studies on E-Supply chains, although the empirical theories are still evolving.

The research studies would be quite challenging, modern and unique as the field is still evolving.The Logistics and Supply Chain Management bachelor's degree prepares you for an industry that is impacted by manufacturing, warehousing, distribution, transportation, and/or inventory management.

Inventory (American English) or stock (British English) is the goods and materials that a business holds for the ultimate goal of resale (or repair).. Inventory management is a discipline primarily about specifying the shape and placement of stocked goods. It is required at different locations within a facility or within many locations of a supply network to precede the regular and planned.

Inventory is a fundamental measure of the overall health of supply chain and logistics activities. The authors of The Definitive Guide to Inventory Management discuss what inventory is, the role of inventory in supply chain management, and why inventory is such an .

In partnership with APICS, FVTC offers the APICS CPIM in an online, instructor-supported format. Participants are assigned to an APICS certified instructor who supports their learning activities during the course.

These courses can also be presented at your location or in a blended format. Supply Of Supply Chain Management - This video shows how Walmart, the multinational retail giant, manages its storage and supply of products and how it has gained great benefits by adopting and implementing an efficient supply chain strategy.

ar - inventory management supply policy - Free ebook download as PDF File .pdf), Text File .txt) or read book online for free.

Slow-Moving Inventory: All Dressed Up and Nowhere to Go - Inbound Logistics