Supply Chain Inventory Management

Modern manufacturing enterprises are required to continually review their strategies for competing in the ever-changing, ever-expanding global economy. They must constantly restructure and simplify their business and fabrication processes and procedures. This restructuring frequently involves fundamental decisions regarding those activities which really do need to take place internally, and which can be better done by, and more importantly, in full collaboration with, business partners. In making these decisions, each enterprise must develop a flexible management system to survive in today's competitive market.
More and more, management is deciding in favor of outsourcing both design and fabrication. In some cases, they do not have the capabilities; in others, it is simply a matter of cost. Regardless of the reason, the management of multiple suppliers is becoming critical to an enterprise's success. There are two important keys to achieving that success: a thorough understanding of the business processes and quality practices at these suppliers, and the synchronization material flow and information flow across the chain.
It is also necessary to implement a distributed operations management system to deal effectively with both capacity and inventory problems among multiple supplier enterprises. A system concept and an implementation methodology must be well defined to take into account practical business operations and production decisions at different supplier sites. The use of such an operations management system can dramatically reduce the cost and increase the performance of the supply chain.
This paper proposes an information system framework to support such multiple supply chain management operations. The proposed system uses business process re-engineering techniques and information modeling technologies. The system will be used to construct an integrated testbed for production & operations management in a supply chain environment. This paper describes a system concept, system architecture, and a potential implementation methodology. The architecture contains a number of models linked together to form an integrated system. To implement that system, a distributed simulation strategy is proposed.

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