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In most manufacturing systems, a number of production stages are involved between which some in‐process inventory usually occurs. This inventory imposes a further cost on the overall system, not only in terms of investment charges but also shop floor congestion, additional material handling...
Persistent link: https://www.econbiz.de/10014791081
A unitary scheme which classifies certain subsystems, within production management, according to push and pull logics is proposed. The three subsystems described are: inventory management, manufacturing priority assignment and material picking and moving, and production planning. The...
Persistent link: https://www.econbiz.de/10014791084
The problems encountered when attempting to incorporate modern systems for inventory and materials management into a rapidly developing country are discussed. Specifically, the case of present‐day China is used as the focus of the study. After reviewing some historical background for the...
Persistent link: https://www.econbiz.de/10014791108
A recent British study has shown that stock control based on reorder level/cycle is the most commonly used operational research technique in manufacturing industry. However, a review of literature on the effect of inflation on reorder levels reveals that inconsistent results have been quoted by...
Persistent link: https://www.econbiz.de/10014791123
A corrected attempt to determine the size of in‐process inventory and the manufacturing lead time for an n‐stage production system is made. This corrects the earlier model developed by Ornek and Collier by accurately deriving the model for determining the manufacturing cycle time.
Persistent link: https://www.econbiz.de/10014791136
This article provides a discussion of key components for the decisionmaker concerned with the logistical issues of implementing a Just‐in‐Time (JIT) manufacturing philosophy. A JIT philosophy promotes reduced cycle times that provide benefits not normally considered in traditional inventory...
Persistent link: https://www.econbiz.de/10014791177
The literature on the close to just‐in‐time (JIT) problems of conditions already exists. However, most of it is descriptive and does ot quantify cost savings derivable as one moves from the Economic Order Quantity (EOQ) scenario to one that is governed or nearly governed by zero inventory...
Persistent link: https://www.econbiz.de/10014791185
Almost all inventory models assume that lead time is prescribed and thus is not subject to control. In many practical situations, however, lead time is controllable; that is, lead time can be shortened, at the expense of extra costs, so as to improve customer service, reduce inventory investment...
Persistent link: https://www.econbiz.de/10014791191
In this article, a PC‐based spreadsheet support system (SSS) for controlling inventory and service level for the newsboy problem is developed utilising Lotus 1‐2‐3 spreadsheet capabilities. The technical aspects of the SSS are presented and discussed within the context of a umerical...
Persistent link: https://www.econbiz.de/10014791194
Purpose – The purpose of the paper is to evaluate the feasibility of implementing a tracking based inventory management system in temporary storage locations of a project delivery chain. To describe the use of tracking based inventory information for improved logistics control in equipment...
Persistent link: https://www.econbiz.de/10014786329