Inventory and production management in supply chains / [electronic resource] Edward A Silver; D F Pyke; Douglas J Thomas.

The importance of inventory management and production planning and scheduling -- Frameworks for inventory management and production planning and schedul-ing -- Forecasting models and techniques -- Order quantities with level demand -- Lot sizing with time-varying demand -- Individual items with probabilistic demand -- Managing the most important inventories -- Managing slow-moving and low-value (Class C) inventories -- Style goods and perishable items -- Coordinated replenishments at a single stocking point -- Multiechelon inventory management -- Coordinating inventory management in the supply chain -- An overall framework for production planning & scheduling -- Medium-range aggregate production planning -- Material requirements planning and its extensions -- Just-in-time, optimized production technology and short range pro-duction scheduling.

Authored by a team of experts, the new edition of this bestseller presents practical techniques for managing inventory and production throughout supply chains. It covers the current context of inventory and production management, replenishment systems for managing individual inventories within a firm, managing inventory in multiple locations and firms, and production management. The book presents sophisticated concepts and solutions with an eye towards todays economy of global demand, cost-saving, and rapid cycles. It explains how to decrease working capital andhow to deal with coordinating chains across boundaries.