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STRATEGIC INVENTORY OPTIMIZATION

A company's inventory metrics are often viewed as critical indicators of its supply chain performance although inventory costs are only a fraction of total supply chain costs comprised of supplier, manufacturing, transportation, and warehousing costs, as well as inventory costs. Moreover, inven...

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Published in:	Journal of business logistics 2009-09, Vol.30 (2), p.161-173
Main Authors:	Shapiro, Jeremy F., Wagner, Stephen N.
Format:	Article
Language:	English
Subjects:	Cost control Customer services Decision making Decision making models Design Integer programming Inventory control Inventory management Inventory simulation Manufacturing Mathematical programming Network management systems Optimization Optimization techniques Planning Recipes Regression analysis Retail products distribution Retailing industry Strategic inventory deployment Studies Suppliers Supply chain management Supply chain network optimization Supply chains
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cited_by	cdi_FETCH-LOGICAL-c4377-40663a6ad2b1492b2a0dd25d1cdabfde4de25ca8ec512b6641b9699f12fd1aee3
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container_title	Journal of business logistics
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creator	Shapiro, Jeremy F. Wagner, Stephen N.
description	A company's inventory metrics are often viewed as critical indicators of its supply chain performance although inventory costs are only a fraction of total supply chain costs comprised of supplier, manufacturing, transportation, and warehousing costs, as well as inventory costs. Moreover, inventories across the supply chain are dependent on acquisition and distribution decisions. We discuss how simulation and optimization models can be combined to integrate analysis of inventory and supply chain network design decisions in performing a total cost analysis. An application of the models to plans for distributing retail products to an expanding network of stores is reviewed.
doi_str_mv	10.1002/j.2158-1592.2009.tb00117.x
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source	ABI/INFORM global; Wiley-Blackwell Read & Publish Collection; BSC - Ebsco (Business Source Ultimate)
subjects	Cost control Customer services Decision making Decision making models Design Integer programming Inventory control Inventory management Inventory simulation Manufacturing Mathematical programming Network management systems Optimization Optimization techniques Planning Recipes Regression analysis Retail products distribution Retailing industry Strategic inventory deployment Studies Suppliers Supply chain management Supply chain network optimization Supply chains
title	STRATEGIC INVENTORY OPTIMIZATION
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