Manufacturers and wholesalers are increasingly cost conscious in response to today’s hyper-competitive environment. Lateral transshipment (LT) has been proposed as a viable solution to drive total inventory costs down whilst increasing customer service level. Our study proposes five LT decision rules with a case-based roadmap to guide professional inventory management. Results of this large fas...

Thegoal of this paper is toquantify the impact of InventoryRecord Inaccuracyon thedynamicsof collaborative supply chains, both in terms of operational performance (i.e. order and inventory stability), and customer service level. To do so, we model an Information Exchange Supply Chain under shrinkage errors in the inventory item recording activity of their nodes, present the mathematical formula...

INTRODUCTION The burnout syndrome is a response to chronic emotional and interpersonal stressors which are related to workplace. Medicine is one of the professions at the greatest risk of suffering from burnout syndrome. The aim of this study was to assess the presence of stress and burnout syndrome in relation with age and length of service in the family medicine physicians in the Republic of ...

In this paper we consider a two-echelon supply chain system consisting of a supplier and a retailer. The supplier has an inventory system and a service unit to process the orders received from the retailer. Demands arrive to the retailer according to a Poisson process. Both supplier and retailer apply one-for-one ordering policy. The supplier’s lead time and the service time of his service unit...

In most multi-item inventory systems, the ordering costs consist of a major cost and a minor cost for each item included. Applying for every individual item a cyclic inventory policy, where the cycle length is a multiple of some basic cycle time, reduces the major ordering costs. An e cient algorithm to determine the optimal policy of this type is discussed in this paper. It is shown that this ...

POMS 22 nd Annual Conference Reno, Nevada, U.S.A. April 29 to May 2, 2011 Abstract: MTS-MTO system is suitable where standard modules are shared by various finished products through divergent finalization. The system can satisfy product variety by taking advantage of flexibility of MTO, but its performance is lowered when the capacity is constrained. One way of dealing with the problem without ...

The proliferation of real-time multimedia services has triggered attempts by service providers to seek ways to reduce the cost of managing those services, while satisfying customer demands for the resources involved in the service delivery. A key issue is to avoid costly service interruptions in such real-time multimedia services. In this paper, we propose the use of the inventory control appro...

What is the appropriate raw material inventory strategy for a make-to-order manufacturing company? As companies grow in size and the business environment changes over time, many companies adapt their operating policies to remain competitive. However, some policies, such as raw material inventory policies, are left untouched as "legacies" of the company's past due to lower priorities or lack of ...

Inventory management is considered to be an important field in Supply Chain Management because the cost of inventories in a supply chain accounts for about 30% of the value of the product. The service provided to the customer eventually gets enhanced once the efficient and effective management of inventory is carried out all through the supply chain. The precise estimation of optimal inventory ...