Demand-Driven Inventory Optimization and Replenishment: Creating a More Efficient Supply Chain (Wiley and SAS Business Series) - Hardcover

Davis, Robert A.

Hardcover

ISBN 10: 1119174023 ISBN 13: 9781119174028

Publisher: Wiley, 2016

Synopsis

Remove built-in supply chain weak points to more effectively balance supply and demand

Demand-Driven Inventory Optimization and Replenishment shows how companies can support supply chain metrics and business initiatives by removing the weak points built into their inventory systems. Beginning with a thorough examination of Just in Time, Efficient Consumer Response, and Collaborative Forecasting, Planning, and Replenishment, this book walks you through the mathematical shortcuts set up in your management system that prevent you from attaining supply chain excellence. This expanded second edition includes new coverage of inventory performance, business verticals, business initiatives, and metrics, alongside case studies that illustrate how optimized inventory and replenishment delivers results across retail, high-tech, men's clothing, and food sectors.

Inventory optimization allows you to avoid out-of-stock situations without impacting the bottom line with excessive inventory maintenance. By keeping just the right amount of inventory on hand, your company is better able to meet demand without sacrificing the cost-effectiveness of other supply chain strategies. The trick, however, is determining "just the right amount"―and this book provides the background and practical guidance you need to do just that.

• Examine the major supply chain strategies of the last 30 years
• Remove the shortcuts that prohibit supply chain excellence
• Optimize your supply/demand balance in any vertical
• Overcome systemic weaknesses to strengthen the bottom line

Inventory optimization is benefitting companies around the world, as exemplified here by case studies involving Matas, PWT, Wistron, and Amway. When inefficiencies are built into the system, it's only smart business to identify and remove them―and implement a new streamlined process that runs like a well-oiled machine. Demand-Driven Inventory Optimization and Replenishment is an essential resource for exceptional supply chain management.

About this title

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 Nestlé 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

What issues in industry verticals prompt a look at inventory optimization? What initiatives are impacting inventory optimization today? What business KPIs can be improved by using inventory optimization? This updated and revised edition of Demand-Driven Inventory Optimization and Replenishment tackles these new topics and more along the way to guiding practitioners to create a successful demand-driven supply chain.

Many of today's inventory systems don't fully leverage their supply chains and waste too much time and effort because of faulty replenishment processes. SAS expert Robert Davis knows all too well, and this eye-opening Second Edition represents the definitive look at demand-driven inventory optimization and replenishment, from a review of the most basic inventory management concepts to such advanced ones as multi-echelon inventory management. You can find this practical guide in many C-suites for its insightful guidance, helpful suggestions, and real-world case studies, exploring:

• How to overcome in-system weaknesses and deliver results
• The three major supply-chain efforts of the last three decades
• An efficient path to demand-driven supply
• Best practices for shifting from supply-driven to demand-driven methodologies
• How systematic distribution systems work as a complete network
• What it takes to respond to customer demand with speed and accuracy
• The advantage to dialing back "fast" replenishment and focusing on having the right inventory
• All the ways ERP systems get a boost from inventory optimization
• The good, bad, and best of "proof-of-value" engagements
• Real-world stories of inventory optimization

Demand-Driven Inventory Optimization and Replenishment, Second Edition is your single-source answer to orchestrating a supply chain to react as one process to a single demand signal.

From the Inside Flap

What issues in industry verticals prompt a look at inventory optimization? What initiatives are impacting inventory optimization today? What business KPIs can be improved by using inventory optimization? This updated and revised edition of Demand-Driven Inventory Optimization and Replenishment tackles these new topics and more along the way to guiding practitioners to create a successful demand-driven supply chain.

Many of today's inventory systems don't fully leverage their supply chains and waste too much time and effort because of faulty replenishment processes. SAS expert Robert Davis knows all too well, and this eye-opening Second Edition represents the definitive look at demand-driven inventory optimization and replenishment, from a review of the most basic inventory management concepts to such advanced ones as multi-echelon inventory management. You can find this practical guide in many C-suites for its insightful guidance, helpful suggestions, and real-world case studies, exploring:

• How to overcome in-system weaknesses and deliver results
• The three major supply-chain efforts of the last three decades
• An efficient path to demand-driven supply
• Best practices for shifting from supply-driven to demand-driven methodologies
• How systematic distribution systems work as a complete network
• What it takes to respond to customer demand with speed and accuracy
• The advantage to dialing back "fast" replenishment and focusing on having the right inventory
• All the ways ERP systems get a boost from inventory optimization
• The good, bad, and best of "proof-of-value" engagements
• Real-world stories of inventory optimization

Demand-Driven Inventory Optimization and Replenishment, Second Edition is your single-source answer to orchestrating a supply chain to react as one process to a single demand signal.

Edition details

• Publisher: Wiley
• Publication date: 2016
• Language: English
• ISBN 10: 1119174023
• ISBN 13: 9781119174028
• Binding: Hardcover
• Edition number: 2
• Number of pages: 320