Introduction to operations research, 4th ed.
Introduction to operations research, 4th ed.
Eliminating inventory in a series facility production system
Management Science
Multi-item, one-warehouse, multi-retailer distribution systems
Management Science
Simple solution procedures for a class of two-echelon inventory problems
Operations Research
SQL: The Complete Reference
Optimal Inventory Modeling of Systems: Multi-Echelon Techniques (INTL SERIES IN OPERATIONS RESEARCH & MANAGEMENT SCIENCE)
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Successful implementation of an inventory, optimization solution requires significant effort and can pose certain risks to companies implementing such solutions. Depending on the complexity of the requirements, the solution may also involve a substantial IT investment. In this paper, we present a cost-effective solution for inventory optimization that can be useful for small and medium-sized businesses with limited IT budgets. This solution can be implemented on any application platform that is capable of processing basic SQLTM (Structured Query Language) commands. The solution eliminates the need to purchase additional software and has a framework in which sales data in an Enterprise Resource Planning (ERP) system are accessed, demand statistics based on this data are generated along with other key parameters, and optimal inventory policies, such as those involving safety stocks and lot sizes, are calculated and reported.