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Principles of Inventory and Materials Management, by Richard J. Tersine
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This text/reference addresses the unprecedented changes occurring in manufacturing that are being brought about by quality management philosophy — lower inventory, reduced lead-time, preventive maintenance, and increased emphasis on customer satisfaction. Combining theory and practice, it presents alternative systems (models) for managing materials (inventory) — their use, transformation, distribution, and sale — and their flow to, within, and from the organization. Covers forecasting and marketing analysis; independent demand systems (deterministic models/probabilistic models); discrete demand systems (deterministic models/materials requirements planning - MRP); inventory system changes and limitations; single order quantities; in-process inventory, just-in-time, and theory of constraints; distribution inventory systems; inventory valuation and measurement; simulation; and aggregate inventory control. Content progresses from simple systems to more complex models; numerous examples of solved problems and short case studies explore a variety of situations and organizational settings; and appendices provide additional extensions and supporting logic on particular topics. For practitioners and advanced students involved in operations, inventory control, production control, and physical supply in manufacturing.
- Sales Rank: #2048139 in Books
- Published on: 1987-09
- Ingredients: Example Ingredients
- Original language: English
- Number of items: 3
- Binding: Hardcover
- 568 pages
From the Publisher
This reference addresses the unprecedented changes occurring in manufacturing that are being brought about by quality management philosophy --lower inventory, reduced lead-time, preventive maintenance, and increased emphasis on customer satisfaction.
From the Back Cover
This text/reference addresses the unprecedented changes occurring in manufacturing that are being brought about by quality management philosophy — lower inventory, reduced lead-time, preventive maintenance, and increased emphasis on customer satisfaction. Combining theory and practice, it presents alternative systems (models) for managing materials (inventory) — their use, transformation, distribution, and sale — and their flow to, within, and from the organization. Covers forecasting and marketing analysis; independent demand systems (deterministic models/probabilistic models); discrete demand systems (deterministic models/materials requirements planning - MRP); inventory system changes and limitations; single order quantities; in-process inventory, just-in-time, and theory of constraints; distribution inventory systems; inventory valuation and measurement; simulation; and aggregate inventory control. Content progresses from simple systems to more complex models; numerous examples of solved problems and short case studies explore a variety of situations and organizational settings; and appendices provide additional extensions and supporting logic on particular topics. For practitioners and advanced students involved in operations, inventory control, production control, and physical supply in manufacturing.
Most helpful customer reviews
10 of 10 people found the following review helpful.
Technical book on inventory management
By Dave Piasecki
I would describe this as a technical book on the science behind inventory management. Much of the book is dedicated to detailing formulas and models used to determine order quantities, lot sizing, demand forecasting, safety stock calculations. Real examples make understanding these complex formulas easier. The book also describes the logic behind MRP and discusses Just-In-Time and Theory of Constraints. I would not recommend this as an introductory book to inventory management but rather a book for those that already have some basic understanding of inventory management and want to take their knowledge to a higher level. I expect to be referring back to this book for years to come.
3 of 3 people found the following review helpful.
A book points the right subject at the right place
By Kyoungbum Park(kyoung@cyberix.com)
As a MRP consultant, This book helped me a lot to prepare user training materials. By placing marketing suject at the beginning, this book points where real-world success on implementing Inventory and Material Manage is coming from. Also has good examples and cases.
0 of 0 people found the following review helpful.
New Edition
By Leenda
I like this book because it helps me so much in my teaching. Its really relevant to the content of our course. But unfortunately no new edition and this book is out of print. so i have to borrow this book from the library and renew it again and again.
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