Friday, March 29, 2013

Supply Chain Management, 5/E - Chopra and Meindl - Book Information



Sunil Chopra and Peter Meindl

5 Edition, 2013

Prentice Hall

Contents


Part I: Building a Strategic Framework to Analyze Supply Chains

Chapter 1: Understanding the Supply Chain
Chapter 2: Supply Chain Performance: Achieving Strategic Fit and Scope
Chapter 3: Supply Chain Drivers and Metrics

Part II: Designing the Supply Chain Network

Chapter 4: Designing Distribution Networks and Applications to e-Business
Chapter 5: Network Design in the Supply Chain
Chapter 6: Designing Global Supply Chain Networks

Part III: Planning and Coordinating Demand and Supply in a Supply Chain

Chapter 7: Demand Forecasting in a Supply Chain
Chapter 8: Aggregate Planning in a Supply Chain
Chapter 9: Sales and Operations Planning: Planning Supply and Demand in a Supply Chain
Chapter 10: Coordination in a Supply Chain

Part IV: Planning and Managing Inventories in a Supply Chain

Chapter 11: Managing Economies of Scale in a Supply Chain: Cycle Inventory
Chapter 12: Managing Uncertainty in a Supply Chain: Safety Inventory
Chapter 13: Determining the Optimal Level of Product Availability

Part V: Designing and Planning Transportation Networks

Chapter 14: Transportation in a Supply Chain

Part VI: Managing Cross-Functional Drivers in a Supply Chain

Chapter 15: Sourcing Decisions in a Supply Chain
Chapter 16: Pricing and Revenue Management in a Supply Chain
Chapter 17: Information Technology in a Supply Chain
Chapter 18: Sustainability and the Supply Chain

29 March Knowledge History - Science, Engineering and Management

Thursday, March 28, 2013

Sam Walton - Founder Wal-Mart - Biography - Videos



Samuel Moore "Sam" Walton (March 29, 1918 – April 5, 1992) was  born in Kingfisher, Oklahoma. He graduatrd in 1940 with a Bachelor's of Economics.

Walton joined JC Penney as a management trainee in Des Moines, Iowa three days after graduating from college. This position paid him $75 a month. He joined into the military for service in World War II. Walton joined the military in the U.S. Army Intelligence Corps, supervising security at aircraft plants and prisoner of war camps. In this position he served at Fort Douglas in Salt Lake City, Utah. He eventually reached the rank of captain.


In 1945, after leaving the military, Walton took over management of his first variety store at the age of 26. With the help of a $20,000 loan from his father-in-law, plus $5,000 he had saved from his time in the Army, Walton purchased a Ben Franklin variety store in Newport, Arkansas. It was here that Walton pioneered many concepts that became crucial to his success later on. Walton made sure the shelves were consistently stocked with a wide range of goods. His second store, the tiny "Eagle" department store, was down the street from his first Ben Franklin and next door to its main (Newport) competitor. Walton leased the space
mainly to preempt his competitor from expanding.

The success of Walton drew the attention of the landlord, P.K. Holmes, whose family had a history in retail.  He wanted  to reclaim the store (and franchise rights) for his son and  refused to renew the lease. The lack of a renewal option, together with the prohibitively high rent of 5% of sales, were early business lessons to
Walton. Holmes bought the store's inventory and fixtures for $50,000.

Walton negotiated  the purchase of a new location on the downtown square of Bentonville, Arkansas. Walton negotiated the purchase of a small store, and the title to the building, on the condition that he get a 99-year lease to expand into the shop next door. The owner of the shop next door refused 6 times, and  his father-in-law, without Sam's knowledge, paid the shop owner a final visit and $20,000 to secure the lease. He had just enough left from the sale of the first store to close the deal, and reimburse his father-in-law. They opened for business with a one-day remodeling sale on May 9, 1950.  Before he bought the Bentonville store, it was doing $72,000 in sales and it increased to $105,000 in the first year and then 140,000 and $175,000.


The new Bentonville "Five and Dime" opened  for business. But 220 miles away, there was still a year left on the lease in Newport which Walton has to manage. Young Walton had to learn to delegate responsibility. After succeeding with two stores at such a distance, Sam became enthusiastic about scouting more locations and opening more Ben Franklin franchises.

In 1954, he opened a store with his brother Bud in a shopping center in Ruskin Heights, a suburb of Kansas City, Missouri. With the help of his brother, father-in-law, and brother-in-law, Sam went on to open many new variety stores. He encouraged his managers to invest and take an equity stake in the business, often as much as $1000 in their store, or the next outlet to open. (This motivated the managers to sharpen their managerial skills and take ownership over their  role in the enterprise.) By 1962, along with his brother Bud, he owned 16 stores in Arkansas, Missouri, and Kansas (fifteen Ben Franklins and one independent, in Fayetteville).


The first true Wal-Mart opened on July 2, 1962 in Rogers, Arkansas. It was called the Wal-Mart Discount City store and located at 719 West Walnut Street. Soon after, the Walton brothers teamed up with the Stefan Dasbach, leading to the first of many stores to come. He launched a determined effort to market American-made products. Included in the effort was a willingness to find American manufacturers who could supply merchandise for the entire Wal-Mart chain at a price low enough to meet the foreign competition.

Contrary to the prevailing practice of American discount store chains, Walton located stores in smaller towns, not larger cities. To make his model work, he emphasized logistics, particularly locating stores within a day's drive proximity to Wal-Mart's regional warehouses, and distributed through its own trucking service. Buying in volume and efficient delivery permitted sale of discounted name brand merchandise. Thus, sustained growth— from 1977's 190 stores to 1985's 800— was achieved. At the time of death of Sam Walton in 1992, Walmart ad 1,960 stores.


Walton died on Sunday, April 5, 1992, of multiple myeloma, a type of blood cancer, in Little Rock, Arkansas. At the time, his company employed 380,000 people. Annual sales was nearly $50 billion.

Forbes ranked Sam Walton as the richest man in the United States from 1982 to 1988. He ceded the top spot to John Kluge in 1989 when the editors began to credit Walton's fortune jointly to him and his four children. Bill Gates first headed the list in 1992, the year Walton died.

Walmart operates in the U.S. and in 15 international markets, including Argentina, Brazil, Canada, Chile, China, Costa Rica, El Salvador, Guatemala, Honduras, India, Japan, Mexico, Nicaragua, Puerto Rico and the United Kingdom. At the University of Arkansas, the Business College (Sam M. Walton College of Business) is named in his honor. Walton was inducted into the Junior Achievement U.S. Business Hall of Fame in 1992.

History of Walmart - 1950 - 1990 - Video
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History of Walmart - 1990 - 2003 - Video

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The Story of Walton Family

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http://corporate.walmart.com/our-story/heritage/sam-walton

28 March Knowledge History - Science, Engineering and Management

Tuesday, March 26, 2013

26 March Knowledge History - Science, Engineering and Management



Birthdays


Nobel Prize Winners

1911 Sir Bernard Katz
1916 Christian B. Anfinsen
1938 Anthony J. Leggett

1951 Karl E. Wieman
         Nobel Lecture: http://www.nobelprize.org/nobel_prizes/physics/laureates/2001/wieman-lecture.html

Engineering



1895 Charles Jenkins patented a motion picture machine.
1895 Louis Lumiere patented a motion picture machine.  Lumiere invented  a portable motion-picture camera, film processing unit and projector called the Cinematographe, three functions covered in one invention.



Management Knowledge Revision

Rate-of-Return Calculations

Equivalent Annual-Worth Comparisons

Science, Engineering and Management Knowledge History of the Day - Index for the Year

Knowledge History of the Day - Index for the Year

Management Theory Review Blog
Management Knowledge Center
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Science Knowledge Center
Social Science Knowledge Center

Sunday, March 24, 2013

24 March Knowledge History - Science, Engineering and Management


World Tuberculosis Day
http://www.cdc.gov/tb/events/worldtbday/default.htm

March 24, World TB Day annual event commemorates the date in 1882 when Dr. Robert Koch announced his discovery of Mycobacterium tuberculosis, the bacillus that causes tuberculosis (TB).



Birthdays


Nobel Prize Winners


1884 - Petrus Josephus Wilhelmus Debye
1903 Adolph Friedrich Johann Butenandt
1917 - John Cowdrey Kendrew
1926 - Dario Fo



Management Knowledge Revision Articles


Engineering Economy or Engineering Economics:

Introduction to Engineering Economics

Science, Engineering and Management Knowledge History of the Day - Index for the Year

Knowledge History of the Day - Index for the Year

Management Theory Review Blog
Management Knowledge Center
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Science Knowledge Center
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Friday, March 22, 2013

3 June Knowledge History - Science, Engineering and Management



Birthdays

Nobel Prize Winners



1873  Otto Loewi  Medicine
1899 Georg von Békésy Medicine
1924 Torsten N. Wiesel  Medicine
1929 Werner Arber  Medicine


Knowledge History of the Day - Index for the Year

Management Theory Review Blog
Management Knowledge Center
Engineering and Technology Knowledge Center
Science Knowledge Center
Social Science Knowledge Center

5 June Knowledge History - Science, Engineering and Management




Birthdays

Nobel Prize Winners

1862 - Allvar Gullstrand  - Medicine

1900 - Dennis Gabor  - Physics


Patents

1984 Safety Cap for a Medicine Bottle patented by Ronald Kay.


News

2011
News
Scientists at CERN, Geneva said that they trapped and stored antihydrogen atoms for a record 16 minutes.



Knowledge History of the Day - Index for the Year

Management Theory Review Blog
Management Knowledge Center
Engineering and Technology Knowledge Center
Science Knowledge Center
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6 June Knowledge History - Science, Engineering and Management



Birthdays




Nobel Prize Winners



1850 Karl Ferdinand Braun  Physics
1918 Edwin G. Krebs  Medicine
1933 Heinrich Rohrer  Physics
1943 Richard E. Smalley  Chemistry
1944 Phillip A. Sharp Medicine



Knowledge History of the Day - Index for the Year

Management Theory Review Blog
Management Knowledge Center
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8 June Knowledge History - Science, Engineering and Management



Birthdays

Nobel Prize Winners

1916 - Francis Harry Compton Crick - Medicine

1930 - Robert J. Aumann  - Economics

1936 Kenneth G. Wilson  - Physics

1947 - Eric F. Wieschaus  - Medicine


Patents

1869 Ives McGaffey patented a carpet sweeping machine, the first patent for a device that cleaned rugs.


2011
News
WASP-17B is a planet that is moving in a direction reverse to that of the star it orbits.



Knowledge History of the Day - Index for the Year

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Management Knowledge Center
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12 June Knowledge History - Science, Engineering and Management

16 June Knowledge History - Science, Engineering and Management



Birthdays



Nobel Prize Winners.


1897 Georg Wittig  Chemistry
1902 Barbara McClintock  Medicine
1934 William F. Sharpe  Economics



Knowledge History of the Day - Index for the Year

Management Theory Review Blog
Management Knowledge Center
Engineering and Technology Knowledge Center
Science Knowledge Center
Social Science Knowledge Center

17 June Knowledge History - Science, Engineering and Management

21 June Knowledge History - Science, Engineering and Management

22 June Knowledge History - Science, Engineering and Management

23 June Knowledge History - Science, Engineering and Management

25 June Knowledge History - Science, Engineering and Management

26 June Knowledge History - Science, Engineering and Management

29 June Knowledge History - Science, Engineering and Management

30 June Knowledge History - Science, Engineering and Management

7 April Knowledge History - Science, Engineering and Management


World Health Day


Birthdays


NP Winners


19944 - Makoto Kobayashi - Physics

Patents


1896 Tolbert Lanston was issued a patent for the monotype printing press.

Management Knowledge Revision


Statistics - Introduction

Stock Market Efficiency Theory and Implications for Financial Management

Science, Engineering and Management Knowledge History of the Day - Index for the Year

Knowledge History of the Day - Index for the Year

Management Theory Review Blog
Management Knowledge Center
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11 April Knowledge History - Science, Engineering and Management

12 April Knowledge History - Science, Engineering and Management



Birthdays

NP winners

1884 Otto Fritz Meyerhof  - Medicine
1903 Jan Tinbergen  - Economics


Patents

1988 Leder and Stewart on behalf of Harvard University were issued the first patent #4,736,866 for a new animal life form - a genetically altered mouse.



Management Knowledge Revision Articles



Total Improvement Management

Total Industrial Engineering - H. Yamashina

Science, Engineering and Management Knowledge History of the Day - Index for the Year

Knowledge History of the Day - Index for the Year

Management Theory Review Blog
Management Knowledge Center
Engineering and Technology Knowledge Center
Science Knowledge Center
Social Science Knowledge Center


14 April Knowledge History - Science, Engineering and Management




Birthdays

NP Winners

1921 Thomas C. Schelling  - Economics
1927 Alan G. MacDiarmid  - Chemistry

Patents

1964 Paul Winchell was granted patent # 3,129,001 for an "inverted novelty mask".


Management Knowledge Revision Articles



Variance Analysis, Flexible Budget and Management Control

What is Operations Management?

Science, Engineering and Management Knowledge History of the Day - Index for the Year

Knowledge History of the Day - Index for the Year

Management Theory Review Blog
Management Knowledge Center
Engineering and Technology Knowledge Center
Science Knowledge Center
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20 April Knowledge History - Science, Engineering and Management

24 April Knowledge History - Science, Engineering and Management

26 April Knowledge History - Science, Engineering and Management



Birthdays

Nobel Prize Winners

1879 Owen Willans Richardson  - Physics
1932 Michael Smit - Chemistry
1933 Arno Allan Penzias  - Physics



1881 Frederick Allen patented a life raft.
1892 Sarah Boone patented an ironing board.


Science, Engineering and Management Knowledge History of the Day - Index for the Year

Knowledge History of the Day - Index for the Year

Management Theory Review Blog
Management Knowledge Center
Engineering and Technology Knowledge Center
Science Knowledge Center
Social Science Knowledge Center

27 April Knowledge History - Science, Engineering and Management



Birthdays


1791 Samuel Finley Breece Morse, the inventor of the telegraph and morse code.
1896 Wallace Hume Carothers, the inventor of nylon




Nobel Prize Winners

1959 Andrew Z. Fire  Medicine


1920 Elijah McCoy received a patent for an air brake pump lubricator.


Science, Engineering and Management Knowledge History of the Day - Index for the Year

Knowledge History of the Day - Index for the Year

Management Theory Review Blog
Management Knowledge Center
Engineering and Technology Knowledge Center
Science Knowledge Center
Social Science Knowledge Center

28 April Knowledge History - Science, Engineering and Management

29 April Knowledge History - Science, Engineering and Management




Birthdays

Nobel Prize Winners

1893 Harold Clayton Urey  - Chemistry
1940 Peter A. Diamond  - Economics

Patents

1873 Eli Janney received a patent for automatic railroad car couplings.

Science, Engineering and Management Knowledge History of the Day - Index for the Year

Knowledge History of the Day - Index for the Year

Management Theory Review Blog
Management Knowledge Center
Engineering and Technology Knowledge Center
Science Knowledge Center
Social Science Knowledge Center

7 June Knowledge History - Science, Engineering and Management




Birthdays

Nobel Prize Winners

1862 - Philipp Eduard Anton von Lenard  - Physics

1877 - Charles Glover Barkla   Physics


1953 The first color network telecast in compatible color was broadcast from a station in Boston.


Knowledge History of the Day - Index for the Year

Management Theory Review Blog
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9 June Knowledge History - Science, Engineering and Management




Birthdays

Nobel Prize Winners


1953 Patent #2,641,545 was granted to John Kraft for the "manufacture of soft surface cured cheese"


Knowledge History of the Day - Index for the Year

Management Theory Review Blog
Management Knowledge Center
Engineering and Technology Knowledge Center
Science Knowledge Center
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10 June Knowledge History - Science, Engineering and Management

11 June Knowledge History - Science, Engineering and Management

14 June Knowledge History - Science, Engineering and Management

22 March Knowledge History - Science, Engineering and Management

19 June Knowledge History - Science, Engineering and Management

20 June Knowledge History - Science, Engineering and Management

27 June Knowledge History - Science, Engineering and Management

28 June Knowledge History - Science, Engineering and Management




Birthdays
1940 Mohammed Yunus - Professor of Economics, Microcredit theory




Nobel Prize Winners


1917 Raggedy Ann doll invented.
1956 First atomic reactor built for private research starts operations in Chicago.


Knowledge History of the Day - Index for the Year

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Management Knowledge Center
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Wednesday, March 20, 2013

20 March Knowledge History - Science, Engineering and Management


Birthdays

Nobel Prize Winners

1944 Erwin Neher - Medicine
        Lecture: http://www.nobelprize.org/nobel_prizes/medicine/laureates/1991/neher-lecture.html


Events



1800 -Alessandro Volta dated a letter announcing his invention of the voltaic pile to Sir Joseph Banks, president of the Royal Society, London.

1883 - , Jan Matzeliger was issued a U.S. patent for his shoe “Lasting-Machine” (No. 274,207). It provided step-by-step lasting and tacking of a shoe in the same way as the hand method, but much more efficiently.

1886-  America's first demonstration of the alternating-current system provided lighting along Main Street at Great Barrington, Massachusetts.

1900 -  Nikola Tesla received a patent for the wireless transmission of electric power (No. 645,576).

1916 -  Albert Einstein's Theory of General Relativity was published as an academic paper in Annalen der Physik 49, 769, titled “Die Grundlagen der allgemeinen Relativitästheorie.”

1934 -  The first test of a practical radar apparatus was made by Rudolf Kuhnold in Kiel Harbour, Germany. Kuhnold was Chief of the German Navy Signals Research Department.

http://todayinsci.com/3/3_20.htm#event


Science, Engineering and Management Knowledge History of the Day - Index for the Year

Knowledge History of the Day - Index for the Year

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Science Knowledge Center
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Tuesday, March 19, 2013

Popular Management Books and Authors



March 2013

Sylvia Ann Hewett  - Sylvia Ann Hewitt Associates

Books: Winning the Warfor Talent in Emerging Markets:Why Women are the Solution
Off-Ramps and On-Ramps
When the Bough Breaks



Joshua Gans

Information Wants to be shared - Pub. by Harvard Business Review Press

CMI 2013 Award Winning Books
http://yearbook.managers.org.uk/winners-2013


Managing Equality and Diversity : Theory and Practice
Savita Kumra, Simonetta Manfredi
Oxford University Press

The Strategy Book: How to Think and Act Strategically to Deliver Outstanding Results
Max Mckeown
Pearson

The Leadership Skills Handbook: 50 Essential Skills You Need to be a Leader
Jo Owen
Kogan Page

Winning at Innovation: The A-F Model
Fernando Trías de Bes, Philip Kotler
Palgrave Macmillan

The Management Book: How to Manage Your Team to Deliver Outstanding Results
Richard Newton
Pearson

21 March Knowledge History - Science, Engineering and Management

Friday, March 15, 2013

22 April Knowledge History - Science, Engineering and Management



International Mother Earth Day
http://www.epa.gov/earthday/

Bdays

NP winners

1876 Robert Bárány  - Medicine
1908 Rita Levi-Montalcini  Medicine
1919 Donald J. Cram - Chemistry

1884 John Golding patented a process for metallic silk screening.

Science, Engineering and Management Knowledge History of the Day - Index for the Year

Knowledge History of the Day - Index for the Year

Management Theory Review Blog
Management Knowledge Center
Engineering and Technology Knowledge Center
Science Knowledge Center
Social Science Knowledge Center

21 April Knowledge History - Science, Engineering and Management


Secretaries' Day
http://www.nowpublic.com/culture/administrative-professionals-day-2010-secretarys-day-history-2608632.html


Birthdays

NP Winners

1882 Percy Williams Bridgman - Physics
1889 Paul Karrer  - Chemistry


Patents

1857 Albert Douglas patented a ladies bustle.
1931 Ester Kiefer received a patent for ornamental paper.


Science, Engineering and Management Knowledge History of the Day - Index for the Year

18 April Knowledge History - Science, Engineering and Management



World Heritage Day

NP Winners

1905 George H. Hitchings  - Medicine

Patents

1916 Irving Langmuir received a patent for an incandescent gas lamp.


Management Knowledge Revision Articles

Soft Power - Hard Power

Power - The Concept and Theory in Organizational Behavior

Science, Engineering and Management Knowledge History of the Day - Index for the Year

Knowledge History of the Day - Index for the Year

Management Theory Review Blog
Management Knowledge Center
Engineering and Technology Knowledge Center
Science Knowledge Center
Social Science Knowledge Center

17 March Knowledge History - Science, Engineering and Management

Thursday, March 14, 2013

Manufacturing Management - History



Manufacturing management came into existence only after the development of factory system. Large number of people were employed in armies, church activities and construction activities before. But large number of people were not employed in manufacturing activities till the emergence of factory system of production which employed machines driven by steam and hydraulic power.

The series of events that resulted in factory system occurred largely in England during 1770 to early 1800. Eight inventions were responsible for this.

1. Hargreaves'  Spinning Jenny
2. Arkwright's Water Frame
3. Crompton's Mule
4. Cartwrights's Power Loom
5. Watt's Steam Engine
6. Berthollet's Chlorine Bleaching Process
7. Maudslay's Screw-Cutting Lathe
8. Interchangeable Manufacture

Source; Manufacturing Organization and Management, Fourth Edition,
Harold Amrine, John A. Ritchey, Oliver S. Helley



Charles Babbage

The work of Charles Babbage, On the Economy of Machinery in Manufacturing can be cited as the first book related to manufacturing management.

Frederick W. Taylor

Taylor's paper on "A Piece Rate System" dealth with payments to workers of factories. His paper "Shop Management" published in 1903 is totally devoted to manufacturing management. He published "The Principles of Scientific Management" in 1911 and this is also a contribution in the area of manufacturing management.

16 March Knowledge History - Science, Engineering and Management