Inventory Planning with Innovation

The reference text will help readers to understand inventory planning by understanding the difference between procurement and production activities. It will be an ideal reference text for senior undergraduate, graduate students, and professionals in the field of industrial engineering, production engineering, and manufacturing science.

Sanjay Sharma is a Professor at the National Institute of Industrial Engineering (NITIE), Mumbai, India. As an operations and supply chain management educator and researcher, he has more than three decades of experience including industrial, managerial, teaching/training, consultancy, and research, and has a number of awards and honors to his credit. He has published five books and papers in various reputed journals such as the European Journal of Operational Research, International Journal of Production Economics, Computers and Operations Research, and International Journal of Advanced Manufacturing Technology. He also serves as a reviewer for several international journals and on the editorial board of few journals including the International Journal of Logistics Management.

1. Introduction. 2. Procurement Inventory. 3. Production Inventory. 4. Multiple Products. 5. Conclusions.