Welcome to Inventory Analytics
This site covers decision problems related to inventory management. In contrast to other decision problems resulting in the building up of stock, such as lotsizing decisions, inventory management is primarily about specifying the size and placement of safety stocks. These are required at different locations and in many nodes of a supply network to protect the regular and planned course of value-added processes against random disturbances occuring with respect to the demand as well as the replenishment lead time. In most companies the correct application of up-to-date inventory management methods will unleash significant potential of cost savings.
Use the Production Management Trainer (PMT) to analyse different inventory policies. PMT is an educational software tool that is being used by thousands of users (students, SCM professionals, universities).
Inventory management methods with proven applicability in industrial practice are illustrated in detail in the following textbook:
Tempelmeier, H. (2020). Inventory Analytics. 3rd Edition, Norderstedt: Books on Demand. Paperback
- Production Planning and Inventory Management
- Performance Indicators, Service Levels, Waiting time
- Modeling of the Time Axis
- General Issues in the Analysis of Supply Networks
- Demand during the Risk Period
- Lead time demand distribution versus Service level
- Single-Level Inventory Policies
- Multi-Level Inventory Systems
- Waiting time in a Multi-Level System