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2020 | OriginalPaper | Chapter

Decision Support for Material Procurement

Authors : Heiner Ackermann, Erik Diessel, Michael Helmling, Christoph Hertrich, Neil Jami, Johanna Schneider

Published in: Operations Research Proceedings 2019

Publisher: Springer International Publishing

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Abstract

Buying raw materials at low cost is important for the economic success of manufacturing companies. In this extended abstract, we summarize some of the cost-driving constraints and cost-saving opportunities available to a global manufacturer when purchasing raw materials. We outline how to model the procurement problem as a mixed-integer linear program, and describe the use of Sankey diagrams to compare alternative order volume plans.

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Title: Decision Support for Material Procurement
Authors: Heiner Ackermann
Erik Diessel
Michael Helmling
Christoph Hertrich
Neil Jami
Johanna Schneider
Publisher: Springer International Publishing
Book: Operations Research Proceedings 2019
Print ISBN: 978-3-030-48438-5

Electronic ISBN: 978-3-030-48439-2

Copyright Year: 2020
DOI: https://doi.org/10.1007/978-3-030-48439-2_84

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