Manufacturing managers face increasing pressure to reduce inventories across the supply chain. However, in complex supply chains, it is not always obvious where to hold safety stock to minimize inventory costs and provide a high level of service to the final customer. In this paper we develop a...

The life cycle of new products is becoming shorter and shorter in all markets. For electronic products, life cycles are measured in units of months, with 6- to 12-month life cycles being common. Given these short product life cycles, product demand is increasingly difficult to forecast....