On inventory abatement via manufacturing randomness reductions

Article Abstract:

The effectiveness of abating inventory by reducing manufacturing randomness is examined under a continuous improvement framework. To this end, a model of a real-world production inventory system is developed and its validity tested. Results show that reductions in manufacturing randomness, no matter how substantial, may not necessarily abate inventory. In fact, it may even lead to an inventory increase, although manufacturing randomness reductions in these cases will translate into higher customer service levels.

Inventory Control, Production Planning & Control, Models, Manufacturing processes, Manufacturing, Production control, Production planning

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The frontiers of eBusiness technology and supply chains

Article Abstract:

The concept of eBusiness involves the use of the Internet or any digital information technology for business processes. Trends in supply chain design, management and control have been influenced by the onset of eBusiness technologies. Forecasts in the growth of eBusiness technologies in supply chain processes are also given.

United States, Forecasts, trends, outlooks, Usage, Forecasts and trends, Technology application, Market trend/market analysis, Electronic commerce, E-commerce, Supply chains

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