February 2014
Intermediate to advanced
1873 pages
56h 12m
English
book
Definitive Guides for Supply Chain Management Professionals (Collection)
by Robert Frankel, Scott B. Keller, Brian C. Keller, Gibson Brian J., Joe B. Hanna, C. Clifford Defee, Haozhe Chen, Tate Wendy, Nada Sanders
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3. Inventory Control
This chapter focuses on explaining inventory control1 processes and the effect of uncertainty in these processes. In inventory control, we have uncertainty in demand, lead time, and sometimes the review interval itself. When we place an order, if demand spikes, we might stockout before the inventory arrives. On the other hand, demand might be steady while lead time takes longer than expected, possibly resulting in a stockout.2 The fact is, there is uncertainty in both demand and lead time and that has a significant impact on the overall performance of an inventory control system. In addition to uncertainty in demand and lead time, there is uncertainty in execution of tasks involved in the inventory process, but we do not ...
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.