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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
Readings
| LEC # |
Topics |
READINGS |
| 1 |
Introduction and Course Overview |
Read: SKS, chapter 1.
Optional Reading: CM, pp. 3-26.
Lee, Hau L., and Corey Billington. "Managing Supply Chain Inventory: Pitfalls and Opportunities." Sloan Management Review 33, no. 3 (spring 1992): pp. 65-73.
|
| 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. |