Inventory control by different service levels

Inventory budget optimization: Meeting system-wide service levels in practice

The work described in the literature on inventory and supply chain management has advanced greatly over the last few decades and now covers many aspects and challenges of applied supply chain management. In this paper we describe an approach that combines many of these academic aspects in a practical way to manage the spare parts logistics at a German automobile manufacturer. The basic problem ...

Inventory Control by Model Predictive Control Methods

This paper describes a model predictive control strategy to tackle the inventory control problem in Supply Chains. The problem is formulated as a receding-horizon optimization problem and the market demand is considered an external unknown disturbance. The behaviour of the Supply Chain is modelled by discrete time difference equations, both the control variables and the output variables are con...

Inventory control of service parts in the final phase

Service Parts Inventory Control with Lateral Transshipment that takes Time

Service parts inventory control with lateral transshipment and pipeline stockflexibility

In equipment-intensive industries such as truck, electronics, aircraft and dredging vessel manufacturing, service parts are often slow moving items for which the transshipment time is not negligible. However, this aspect is hardly considered in the existing service logistics literature. In this paper, we consider this aspect and propose a customer-oriented service measure which takes into accou...