Operations And Quality Management "Research Essay

Length: 5 pages Sources: 9 Subject: Business Type: Essay Paper: #51234628 Related Topics: Econometrics, In N Out Burger, Forecasting, Operations
Excerpt from Essay :

To reduce inventory management costs and errors, enterprise must form a strong, galvanizing connection with suppliers, buyers, internal production, and customers most of all. In conclusion, inventory management will always be part art and science, as tacit & implicit knowledge is needed to provide greater insight into the analysis generated fro enterprise software applications specifically designed to streamline inventory management. The inherent unquantifiable aspects of demand management will also make inventory management a continually difficult, complex problem enterprises must confront daily to stay profitable and grow.

References

Forecasting and Demand References

Leung, S. (2003, Oct 01). Where's the beef? A glutted market leaves food chains hungry for sites; finding spots for new outlets takes heaps of research and an eye for details; hint: Move next to Wal-Mart. Wall Street Journal, pp. a.1-a.1.

http://bpp.wharton.upenn.edu/waldfogj/250/clippings/externalities/WSJ%2010-1-2003%20Hint-%20Move%20Next%20to%20Wal-Mart.pdf

Meng, F., Tepanon, Y., & Uysal, M. (2008). Measuring tourist satisfaction by attribute and motivation: The case of a nature-based resort. Journal...

...

(2007). Customer data mining aids in quests for lucrative new sites. Nations Restaurant News, 41(18), 1-1,53. http://nrn.com/article/customer-data-mining-aids-quests-lucrative-new-sites

Prewitt, M. (2007a). Site analysis tools do new encroachment-aversion duty. Nations Restaurant News, 41(10), 1-1,6.

http://nrn.com/article/site-analysis-tools-do-new-encroachment-aversion-duty

Inventory Management References

Chung, Q.B., Willemain, T.R., & OKeefe,, R.M. (2000). Influence of model management systems on decision making: Empirical evidence and implications. The Journal of the Operational Research Society, 51(8), 936-948.

Link: http://www30.homepage.villanova.edu/q.chung/r/jors2000.pdf

Giannoccaro, I., & Pontrandolfo, P. (2002). Inventory management in supply chains: A reinforcement learning approach. International Journal of Production Economics, 78(2), 153-161. Link: http://ideas.repec.org/a/eee/proeco/v78y2002i2p153-161.html

Kurawarwala, a.A., & Hirofumi, M. (1996). Forecasting and inventory management of short life-cycle products. Operations Research, 44(1), 131-131.

Link: http://math.clas.asu.edu/~dieter/courses/oldcourses/mat451/fall08/References/KurawarwalaMatsuo1996.pdf

Mathaba, S., Dlodlo, N., Smith, a., & Adigun, M. (2011). The use of RFID and web 2.0 technologies to improve inventory management in south african enterprises. Electronic Journal of Information Systems Evaluation, 14(2), 228-241. Link:

http://researchspace.csir.co.za/dspace/bitstream/10204/5518/1/Mathaba1_2011.pdf

Wang, H., & Yan, H. (2009). Inventory management for customers with alternative lead times. Production and Operations Management, 18(6), 705-720.

Link: http://cfins.au.tsinghua.edu.cn/personalhg/wanghaifeng/FlexibleLeadTimeContract.pdf

Sources Used in Documents:

References/KurawarwalaMatsuo1996.pdf

Mathaba, S., Dlodlo, N., Smith, a., & Adigun, M. (2011). The use of RFID and web 2.0 technologies to improve inventory management in south african enterprises. Electronic Journal of Information Systems Evaluation, 14(2), 228-241. Link:

http://researchspace.csir.co.za/dspace/bitstream/10204/5518/1/Mathaba1_2011.pdf

Wang, H., & Yan, H. (2009). Inventory management for customers with alternative lead times. Production and Operations Management, 18(6), 705-720.

Link: http://cfins.au.tsinghua.edu.cn/personalhg/wanghaifeng/FlexibleLeadTimeContract.pdf


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References: Brinlee, D., MRP inventory management, Inventory Management, http://www.askdeb.com/inventory-management/mrp / last accessed on February 7, 2012 Heathfield, S.M., How to change your culture: organizational culture change, About.com, http://humanresources.about.com/od/organizationalculture/a/culture_change.htm last accessed on February 7, 2012 Johnson, R.W., Phased retirement and workplace flexibility for older adults: opportunities and challenges, Focus on Workplace Flexibility, http://workplaceflexibility.org/images/uploads/program_papers/johnson_-_phased_retirement_and_workplace_flexibility.pdf last accessed on February 7, 2012 Reh, F.J., Managing change: managing people's fear, About.com, http://management.about.com/cs/people/a/MngChng092302.htm last accessed on February 7, 2012 2010, ERP