Abstract
This chapter guides you through the planning function of supply chain management. First, it helps you to understand inventory management within supply chains and gives you practical ways on how to reduce stock. Second, demand planning including forecasting techniques will be discussed. This leads to supply planning where different inventory review strategies and the economic order quantity will be introduced. Third, demand and supply planning will be reconciled in the section of sales and operations planning. In this section, both guiding principles of successful implementations and reasons for failure will be described. The chapter concludes with case studies of best practice from Proctor & Gamble and Beiersdorf.
Having read this chapter you will be able to:
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Clarify the basics of inventory management
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Explore the link between demand and supply planning
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Recognise the guiding principles of successful sales and operations planning
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Identify how big data impacts planning
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References
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Suggestions for Further Reading
Plössl, G. W., & Orlicky, J. (1994). Orlicky’s material requirements planning. New York: McGraw-Hill Professional.
Ptak, C., & Smith, C. (2016). Demand driven materials requirements planning (DDMRP). New York: Industrial Press, Inc.
Sharma, S. (2017). Inventory parameters. Singapore: Springer.
Shenoy, D., & Rosas, R. (2017). Problems & solutions in inventory management. Cham: Springer.
Wallace, T. F., & Stahl, B. (2004). Sales & operations planning: The “how-to” handbook. Cincinnati, OH: TF Wallace & Co.
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Scott, C., Lundgren, H., Thompson, P. (2018). Guide to Plan in Supply Chain Management. In: Guide to Supply Chain Management. Management for Professionals. Springer, Cham. https://doi.org/10.1007/978-3-319-77185-4_2
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DOI: https://doi.org/10.1007/978-3-319-77185-4_2
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