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Material theory (or more formally the mathematical theory of inventory and production) is the sub-specialty within operations research and operations management that is concerned with the design of production/inventory systems to minimize costs: it studies the decisions faced by firms and the military in connection with manufacturing, warehousing, supply chains, spare part allocation and so on ...
Active. SlideShare is an American hosting service, now owned by Scribd, for professional content including presentations, infographics, documents, and videos. Users can upload files privately or publicly in PowerPoint, Word, PDF, or OpenDocument format. Content can then be viewed on the site itself, on mobile devices or embedded on other sites.
Inventory control is the process of managing stock once it arrives at a warehouse, store or other storage location. It is solely concerned with regulating what is already present, and involves planning for sales and stock-outs, optimizing inventory for maximum benefit and preventing the pile-up of dead stock. [ 17]
Strategic inventory is a collection of stored goods where the primary rationale is rooted in the strategic interaction among involved parties within a supply chain. Different from other motives for inventory management, such as fixed costs (e.g. cyclic inventory in the economic order quantity model ), uncertainties in demand and supply ( safety ...
Scribd acquires presentation-sharing service SlideShare from LinkedIn. SlideShare has a new owner, with LinkedIn selling the presentation-sharing service to Scribd for an undisclosed price ...
Died. December 9, 2013. (2013-12-09) (aged 90) Tiverton, Rhode Island, U.S. Known for. Dynamic lot-size model. Thomson McLintock Whitin (January 12, 1923 – December 9, 2013) was an American management scientist, and Emeritus Professor of Economics and Social Sciences at Wesleyan University, known for his work on inventory control [1] and ...
Inventory optimization. Inventory optimization refers to the techniques used by businesses to improve their oversight, control and management of inventory size and location across their extended supply network. [1] It has been observed within operations research that "every company has the challenge of matching its supply volume to customer demand.
Inventory management software is a software system for tracking inventory levels, orders, sales and deliveries. [ 1] It can also be used in the manufacturing industry to create a work order, bill of materials and other production-related documents. Companies use inventory management software to avoid product overstock and outages.
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