Demand–Driven Inventory Optimization and Replenishment: Creating a More Efficient Supply Chain (Wiley and SAS Business Series) - Hardcover
Synopsis
Use demand driven optimized inventory and replenishment to overcome your supply chain weaknesses, and deliver business-maximizing results Reviewing the fundamentals of inventory optimization so that you can attain a demand-driven supply, Demand-Driven Inventory Optimization and Replenishment provides a business look at why present inventory systems sub-optimize the supply chain and faulty replenishment processes lead to wasted time and effort. Straightforward and clearly written, this book allows readers to come away with a good understanding of why optimized inventory and replenishment helps overcome in-system weaknesses and deliver results. * Discusses how multi-echelon inventory optimization and replenishment enables installed systems to go from a sequential, "islands of efficiency" approach to a systematic distribution system working as a complete network * Provides case studies throughout * Reveals how optimized inventory and replenishment delivers results across industry verticals With a historical view of the three major supply chain efforts of the last thirty years, this book 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.
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About the Author
ROBERT A. DAVIS is a Principal Product Manager in the Supply Chain Management Solutions group at SAS Institute. Prior to joining SAS, Davis worked for over twenty years with Nestle and ConAgra in their Grocery Products Divisions. During that time, he helped develop best practices in account management, trade spending analysis, and replenishment planning. He has been recognized with national awards for excellence in sales and business management. At SAS, he has helped develop expertise in supply chain cost analysis in the fast-moving consumer products industry, inventory optimization, service parts optimization, and sales and operations planning. He is a recognized global expert in multi-echelon inventory and replenishment optimization.
From the Back Cover
Praise for Demand-Driven Inventory Optimization and Replenishment
"The timeliness for a conversation explaining the rationale for a demand-driven?versus exclusively supply-managed?organization could not be better. And, the manner in which Bob has taken the subject on, with his approachable and compelling anecdotes supported by rigorous analytical reasoning, is sure to open up a good deal of long-awaited and necessary debate. Manufacturers and retailers both will want this book on their desks as a fundamental resource for reconciling their differentiated points of view so that a true partnership might win the day for all."
?Michael Forhez, Principal, Consumer Markets, Capgemini Consulting
"Bob Davis has produced an interesting page turner, simplifying Kanban, JIT, VMI, and CPFR and shedding light on how inventory management needs to be demand-driven, optimized, and focused on replenishment. Davis uses many anecdotes and examples such as Mary's Candles to illustrate complex topics and explain critical phenomena such as long-tail phenomenon, bullwhip effect, and the cost of expediting. The author is masterful at elevating supply chain concepts from the dark underbelly of the organization to the operations and executive level. A must-read for all supply chain professionals and key executives."
?Peter B. B. Turney, PhD, President and Chief Executive Officer, CT Global Solutions, Inc.
"This thoroughly enjoyable book interlaces and compares academic theory with practical examples, exposing often ignored realities, and through this identifies many new opportunities to realize the benefits in this critical area of operations. With reductions in inventory stalling and rapidly increasing pressures on the value chain, this well-researched book makes a truly valuable contribution to demand-driven inventory thinking and practice, which belies its relaxed style."
?Nick Gazzard, FCILT (Fellow of the Chartered Institute of Logistics and Transport UK), CEO, Incept
"Demand-Driven Inventory Optimization and Replenishment is a long-overdue practical book on inventory optimization written by one of the industry's top inventory management practitioners. Through his real-life experiences and stories, Bob does a remarkable job of taking a highly technical supply chain discipline and making it easy to understand through his practical real-life experiences and stories."
?From the Foreword by Charles W. Chase Jr., Chief Industry Consultant, Manufacturing & Supply Chain Global Practice, SAS Institute Inc.
From the Inside Flap
What will it take to transform your complex supply chain into a more demand-driven supply chain network, especially in the current turbulent economy? How can your business leverage inventory optimization to reduce not just inventory carrying costs but also waste and working capital?
Demand-Driven Inventory Optimization and Replenishment presents the fundamentals of inventory optimization to help you as a prac-titioner attain a demand-driven supply chain, revealing why today's inventory systems don't make the most of their supply chain and how faulty replenishment processes can lead to wasted time and effort.
Drawing on his many years of experience and well-recognized expertise in the supply chain field, author Robert Davis offers the definitive look at demand-driven inventory optimization and replenishment, from a review of the most basic inventory management concepts to the more advanced, such as multi-echelon inventory management.
Demand-Driven Inventory Optimization and Replenishment includes insightful guidance, helpful suggestions, and practical examples, exploring:
- How optimized inventory and replenishment can help overcome in-system weaknesses and deliver results
- A historical view of the three major supply chain efforts of the last thirty years
- The path to demand-driven supply
- Making the shift from supply-driven to demand-driven methodologies
- Creating islands of efficiency
- Achieving timely and accurate responses to customer demand
- Moving the focus away from "fast" replenishment to having the right inventory
- How inventory optimization improves the ERP systems
- The good, the bad, and the best of "proof of value" engagements
- How inventory optimization works in the real world
- Changing the playing field
Read Demand-Driven Inventory Optimization and Replenishment to prepare your business to become even more demand-driven.
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