Strategic Safety Stocks in Supply Chains
Increasing customer requirements, product variety, and market competition demand for service and cost improvements by model based inventory control in supply chains. The book presents approaches for safety stock determination in manufacturing and logistic
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Springer-Verlag Berlin Heidelberg GmbH
Stefan Minner
Strategic Safety Stocks in Supply Chains
Springer
Author Dr. Stefan Minner Faculty of Economics and Management Otto-von-Guericke-U niversity Magdeburg Universitătsplatz 2 39106 Magdeburg, Germany
Cataloging-in-Publication data applied for Die Deutsche Bibliothek - CIP-Einheitsaufuahme Minner, Stefan: Strategic safety stocks in supply chains / Stefan Minner. - Berlin; Heidelberg; New York; Barcelona; Hong Kong; London; Milan; Paris ; Singapore; Tokyo: Springer, 2000 (Lecture notes in economics and mathematical systems ; 490) ISBN 978-3-540-67871-7 ISBN 978-3-642-58296-7 (eBook) DOI 10.1007/978-3-642-58296-7
ISSN 0075-8442 ISBN 978-3-540-67871-7
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Preface
The management of supply chains has become one of the key issues in logistics management over the recent decade. On the one hand, this development is caused by the extraordinary progress in information technologies and communication systems that have developed over the last years. On the other hand, it is also due to the enormous potentials in improving logistics efficiency that can be exploited if an intelligent coordination of material flows and stock control decisions in large supply chains is practiced. This task of effective coordination of materials management decisions is an extremely challenging one, regarding the fact that usually supply chains in practice turn out to be complex supply webs and logistics processes within these networks regularly are influenced by various uncertainties. A scientific field offering valuable tools to support decision making in such a supply chain context is the theory of multi-stage inventory control. This is because material coordination in supply webs has to be carried out from an integral perspective of all material procurement and distribution decisions that refer to the different stock points over all stages of a network. Hereby, logistics performance is affected by the internal cost at which the wh
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