| LEC # | Topics | READINGS |
|---|---|---|
| 1 | Introduction and Course Overview | Read: SKS, chapter 1. |
| 2 | Inventory Models This class will review basic inventory theory: periodic review order-up-to policy; continuous review reorder point policy | Read: SKS, chapter 3. Kimball, G. E. "General Principles of Inventory Control." Technical report. Cambridge, MA: Arthur D. Little, Inc. Republished in Journal of Manufacturing and Operations Management 1 (Spring 1988): pp. 119-130. Optional Reading: N, pp. 265-313. HS, pp. 48-88. CM, pp. 249-383. |
| 3 | Inventory Systems | |
| 4 | Supply Chain Tactical Planning Guest Speaker: Mike Watson, Logic Tools | |
| 5 | Supply Contracts I These classes will introduce various types of supply chain contracts and examine how these mechanisms work, and in particular, how they help to accomplish supply chain coordination. | Read: SKS, chapter 3, pp. 53-57. |
| 6 | Supply Contracts II | |
| 7 | Inventory Systems (cont.) Guest Speaker: Dan Wheeler, LFM 2000 | |
| 8 | Multi-echelon Inventory Systems Introduction to challenges, issues and relevant models (e.g., Eppen Schrage) for multi-echelon inventory systems | Read: SKS, chapter 5, pp. 133-138. |
| 9 | Supply Chain and Postponement | |
| 10 | Supply Chain and Product Design | Read: SKS, chapter 9. |
| 11 | Supply Chain Integration - Controlling the Bullwhip This class will discuss the bullwhip phenomenon, sources for it, ways of characterizing it, and then some remedies. | Read: SKS, chapter 4. |
| 12 | Supply Chain and Safety Stock Placement Guest Speaker - Barrett Crane, HP, LFM '96. Barrett will speak about application of supply chain models to improve and optimize HP supply chains. In preparation you will have a computer exercise that utilizes a student-version of a tool used at HP; the purpose of the exercise will be to develop intuition for optimal placement of inventories in a supply chain. | Read: Billington, C., B. Crane, et. al. "Accelerating the Profitability of Hewlett-Packard's Supply Chains." Interfaces (Jan-Feb 2004). Graves, S., and S. Willems. "Strategic Safety Stock Placement in Supply Chains." Proceedings of the 1996 MSOM Conference. Dartmouth College, Hanover NH, June 1996, pp. 299-304. |
| 13 | Supply Chain and Safety Stock Placement | |
| 14 | Strategic Alliances and Outsourcing | Read: SKS, chapter 6. |
| 15 | Supply Chain Integration - Application of RFID Wrap Up, Course Summary and Feedback for Continuous Improvement | Read: SKS, chapter 5. |
Table of Contents
Study Materials
Readings
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Required
We recommend the following book, and will suggest complementary readings throughout the class, as well as use some of its cases and computer exercises:
Simchi-Levi, David, Philip Kaminsky, and Edith Simchi-Levi. Designing and Managing the Supply Chain. 2nd ed. New York, NY: McGraw-Hill, 2003. ISBN: 0071410317. (SKS)
Recommended
We also recommend and suggest the following books as useful references or complements:
Hopp, Wallace, and Mark Spearman. Factory Physics. 2nd ed. Boston, MA: Irwin, 2000. ISBN: 0256247951. (HS)
Nahmias, Steven. Production and Operations Analysis. 4th ed. Boston, MA: Irwin, 2000. ISBN: 0072417412. (N)
Chopra, Sunil and Peter Meindl. Supply Chain Management. 2nd ed. Upper Saddle River, NJ: Prentice Hall, 2004. ISBN: 013101028X. (CM)
Shapiro, Jeremy. Modeling the Supply Chain. Pacific Grove, CA: Duxbury, 2001. ISBN: 0534373631. (S)
Silver, Edward, David Pyke, and Rein Peterson. Inventory Management and Production Planning and Scheduling. 3rd ed. New York, NY: Wiley, 1998. ISBN: 0471119474. (SPP)
Calendar of Readings