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Research.

Publication: Industrial Engineer
Publication Date: 01-NOV-04 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Research.(uncertainty in manufacturing and supply chain design)

Article Excerpt
This edition of Research highlights three problems related to uncertainty in manufacturing and supply chain design. The papers summarized below can be found in the November issue of IIE Transactions (Vol. 36, No. 11).

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Inventory deployment in the steel industry

Industries in which products are customized tend to operate by a make-to-order (MTO) policy. However, to reduce customer order lead-times, it is frequently the case that some portion of production is planned according to a forecast of orders. Order lead-times are quoted based on the estimated cycle time, and when cycle times are long this carries the risk that forecasted orders may not materialize. In process industries, such as steel making, the degree of customization of finished products tends to be very high, so this risk is particularly important to manage.

The pressure to reduce delivery lead-times has motivated integrated steel manufacturers to change from a pure MTO production mode to a hybrid...

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