Globalized companies seek growth while dealing with more complex and compelling challenges such as economic volatility, fluctuating commodity prices, supply-chain inefficiencies and increasing customer expectations. While companies cannot control all of these challenges, there is much they can do to remain competitive. Companies can gain competitive edge through improved demand forecasting and ...

Pastoral camel management practices in Kenya, characterised by free herd mobility that enables efficient utilisation of rangeland resources, is progressively restricted to foraging within the vicinity of urban milk market outlets. The emerging peri-urban camel production system (PUCPS) has potential livelihood benefits to households, but adapting herd management practices responsive to market d...

The increasing stock condition of cotton combed 30s t-shirts causes Convection to require optimal production planning, influenced by demand, safety stock, and selling price. analysis forecasting demand for obtained a need 217 using the Multiplicative Decomposition method with MAD = 22.47 MAPE 0.17. Based on data 1 year, Safety Stock that must be maintained is 126 shirts/month or 3 shirts/week. ...

Superior supply chains are one of the best ways to compete in today's marketplaces. In Supply Chain Management, overall supply chain evaluation needs to include an important logistical effect known as the Bullwhip Effect. It shows how small changes at the demand end of a supply chain are progressively amplified up the supply chain. Production plans are based on demand forecasting and suppliers ...

Factors such as demand volume and replenishment lead time that influence production and inventory control systems are random variables. Existing inventory models incorporate the parameters (e.g., mean and standard deviation) of these statistical quantities to formulate inventory policies. In practice, only sample estimates of these parameters are available. The estimates are subject to sampling...

The two critical factors distinguishing inventory management in a multifirm supply-chain context from the more traditional centrally planned perspective are incentive conflicts and information asymmetries. We study the well-known order quantity/reorder point (Q r) model in a two-player context, using a framework inspired by observations during a case study. We show how traditional allocations o...