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Demand-Driven Inventory Optimization and Replenishment (Creating a More Efficient Supply Chain) by Davis, Robert A. is a scholarly article available to read on EtoBox.

What is Demand-Driven Inventory Optimization and Replenishment (Creating a More Efficient Supply Chain) about?

"This new edition provides a focused message on how inventory optimization effects specific business verticals through improved metrics. It reviews the fundamentals of inventory optimization so that practitioners can attain a demand driven supply as well as provides a business perspective of why present inventory systems sub-optimize the supply chain and faulty replenishment processes lead to wasted time and effort. Readers come away with a good understanding of why optimized inventory and replenishment helps overcome in-system weaknesses and deliver results. The book lays out a historical view of the three major supply chain efforts of the last 30 years (i.e., Just in Time (JIT), Efficient Consumer Response (ECR), and Collaborative Forecasting, Planning and Replenishment (CPFR). It then discusses mathematical shortcuts set up in the transitional and supply chain management systems that make it very difficult for companies to attain "supply chain excellence". A discussion of how multi-echelon inventory optimization and replenishment enables the installed systems go from a sequential, "islands of efficiency" approach to a systematic distribution system working as a complete network

Author

Davis, Robert A.

Publisher

John Wiley & Sons, Incorporated

Published

2015

Language

EN

ISBN

9781119220411