Inventory Management Supply Chain

Jan 22, 2023  |  Articles

“All You Need Is Love”: Unpacking the book “Flow: How The Best Supply Chains Thrive”

A Guest Blog by Rajinder Bhandal Ph.D., University of Leeds My colleague Rajinder provides a thoughtful commentary on our most recent book publication: Flow: How The Best Supply Chains Thrive, Rob Handfield, PhD and Tom Linton. Here are her thoughts […]

Nov 6, 2021  |  Articles

Human-machine Tradeoffs in Supply Chain Decisions (and the LA Port)

The current set of supply chain disruptions is bringing increased focus on the need for digital transformation of our supply chains.  Nowhere is digital transformation needed more than the Los Angeles port, where major operational disconnects are occurring between ships, […]

Sep 7, 2019  |  Articles

Physician Preference Cards: The Key to Hospital Low Inventory Utilization and Waste

Almost every hospital or IDN faces significant challenges in managing their operating room inventory, which can be traced to a simple concept:  utilization.  Utilization is simply a ratio of the $ value of clinical purchases BILLED to patients or insurance, […]

May 29, 2018  |  Articles

The Lowly Wooden Pallet is a Critical Conveyance in the Supply Chain

In a recent interview, discussions with Patrick Atagi, VP for Advocacy & External Affairs at the National Wooden Pallet and Contain Association (NWPCA)  helped to educate me on just how prolific wooden pallets are in the global supply chain.  Patrick […]

Apr 9, 2018  |  Articles

Excess and Obsolete Inventory: An Outcome of a Series of Unfortunate Events!

Inventory continues to be a problem for many companies.   In particular, inventory that is considered “Excess and Obsolete” often accumulates and has to be dealt with – often at the end of the fiscal year.  During tax season, this is also […]

Nov 19, 2013  |  Articles

Trends and Strategies in Logistics and Supply Chain Management: An Interview with Robert Handfield

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Jul 30, 2013  |  Articles

The Evolution of Supply Management, Q&A with Dave Nelson

Questions and Answers on the Evolution of Supply Management with Dave Nelson Rob Handfield (Co-Director of SCRC): Well, we’re here today at the SCRC Meeting, meeting here with Dave Nelson. Dave has been a distinguished colleague of mine for many […]

Feb 3, 2011  |  Articles

Introduction: Inventory Management Models : A Tutorial

INTRODUCTION Learning Objectives Tutorial Outline Learning Objectives By then end of this module, you will be able to: Describe the functions and drivers of inventory. Distinguish between independent demand and dependent demand inventory items. Discuss the basic workings of two […]

Feb 2, 2011  |  Articles

SUMMARY: Inventory Management Models : A Tutorial

SUMMARY Inventory serves a useful purpose in the supply chain. That said, firms can help minimize the need for inventory by carefully managing those factors that drive inventory levels up. Inventory items can be divided into two main types: Independent […]

Jan 30, 2011  |  Articles

REFERENCES: Inventory Management Models : A Tutorial

REFERENCES Most introductory textbooks in Operations and Supply Chain Management offer a good discussion of inventory systems. Inventory functions and drivers, independent demand models, and safety stock calculations are routinely covered in these books. One possible source: Cecil Bozarth and […]