Inventory Analytics

Download or read book Inventory Analytics written by Horst Tempelmeier and published by BoD – Books on Demand. This book was released on 2020-06-02 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: This textbook provides a practice-oriented introduction into Analytics-based inventory management in complex supply chains. In the context of Business Analytics, we concentrate on Prescriptive Analytics. In addition to standard single-level inventory models also multi-level approaches for the optimal allocation of safety inventory are presented. Moreover, dynamic lot sizing problems under random demand and random yield and their relationship to Material Requirements Planning (MRP) are discussed.The models and algorithms are illustrated with the help of numerous examples. The book has been written for students of Supply Chain Management and Operations Management as well as for practitioners who are confronted with inventory management in their daily work.