Integral Logistics Management — Operations Management and Supply Chain Management Within and Across Companies

11.8 References

APIC16Pittman, P. et al., APICS Dictionary, 15th Edition, APICS, Chicago, IL, 2016
Bern99 Bernard, P., “Integrated Inventory Management,” John Wiley & Sons, New York, 1999
Brow67 Brown, R.G., “Decision Rules for Inventory Manage­ment,” Holt, Rinehart and Winston, New York, 1967
Cole00 Coleman, B.J., “Determining the Correct Service Level Target,” Production and Inventory Management Journal, 41(1) 2000, pp. 19–23
Chap06 Chapman, S., “The Fundamentals of Production Planning and Control,” Pearson Education, Upper Saddle River, NJ, 2006
Eilo62 Eilon, S., “Industrial Engineering Tables,” Van Nostrand, London, 1962
Eilo64 Eilon, S., “Tafeln und Tabellen für Wirtschaft und Industrie,” R. Oldenbourg, München, 1964
Nyhu91Nyhuis, P., “Durchlauforientierte Losgrössen­bestimmung,” Fortschrittberichte VDI, Reihe 2, No. 225, Düsseldorf, 1991
SiPy98 Silver, E.A., Pyke, D.F., Peterson, R., “Inventory Management and Production Planning and Scheduling,” 3rd Edition, John Wiley & Sons, New York, 1998
Stev14 Stevenson, W.J., “Operations Management,” 12th Edition, Irwin, Boston, 2014
Ters93 Tersine, R.J., “Principles of Inventory and Materials Management,” 4th Edition, Prentice Hall, North-Holland, New York, 1993


Course sections and their intended learning outcomes

  • 11.3 Order Point Technique and Safety Stock Calculation

    Intended learning outcomes: Explain the order point technique and variants thereof. Describe the safety stock calculation with continuous demand. Disclose the determination of the service level and the relation of service level to fill rate.

  • 11.4 Batch Sizing, or Lot Sizing

    Intended learning outcomes: Produce an overview on production or procurement costs, batch-size-dependent unit costs, setup and ordering costs, and carrying cost. Explain optimum batch size, optimum length of order cycle, the classic economic order quantity formally and in practical application. Disclose extensions of the batch size formula.

  • 11.5 Summary

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  • 11.6 Keywords

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  • 11.7 Scenarios and Exercises

    Intended learning outcomes: Calculate examples for the ABC Classification and for the combined ABC-XYZ classification. Differentiate between Safety Stock Variation and Demand Variation. Determine batch size depending on stockout costs. Assess the effectiveness of the order point technique.

  • 11.8 References

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