This paper aims to assess the effect of inventory control systems on performance of mining firms in Zimbabwe. A systematic literature review was used to review current and relevant scholarly work. The paper used a quantitative survey approach where a survey questionnaire was utilized to collect...

Integrating digitalization and warehouse management systems (WMS) is a crucial aspect of enhancing supply chain performance for strategic competitiveness. Multiple technologies promote digital development and supply chain management (SCM) transformation. They include artificial intelligence and...

Machine learning has shown great potential in various domains, but its appearance in inventory control optimization settings remains rather limited. We propose a novel inventory cost minimization framework that exploits advanced decision-tree based models to approximate inventory performance at...

The study on the effect of warehouse management systems on the performance of private warehouses in Southern Zimbabwe was conducted because private warehouses in Zimbabwe have been incurring high cost which has been affecting their performance. Losses has become major concern at most private...

"Inventory Analytics provides a comprehensive and accessible introduction to the theory and practice of inventory control – a significant research area central to supply chain planning. The book outlines the foundations of inventory systems and surveys prescriptive analytics models for...

This paper introduces a web based application, ‘e-Aushadhi', which deals with the management of stock of various drugs, sutures and surgical items required by different district drug warehouses of Rajasthan state. The main aim of ‘e-Aushadhi' is to ascertain the needs of various district...

Unlike manufacturing firms where the production of goods can be adjusted according to the demand of customers, hospitality firms do not have the ability to alter the capacity of the changing demand of guests in a short period of time. Given the relatively fixed capacity or supply, maximizing...

The paper shows that taking inventory control out of the hands of competitive or exclusive retailers and assigning it to a manufacturer increases the value of a supply chain especially for goods whose demand is highly volatile. This is because doing so solves incentive distortions that arise...

Production Planning and Inventory Control (PPIC) is an essential dynamics of the logistical performance of manufacturing organizations. In this paper, we discuss the development of a PPIC system in a process industry. The process manufacturing industry has not embraced the new Advanced Planning...

Preface -- Introduction -- The basis of inventory control -- Customer service -- Shaping inventory -- Practical methods for reducing stockholding -- Management and control -- Lean supply -- Safety stocks -- Setting the right stock levels -- Procurement -- Delivery quantities -- Forecasting...

Preface -- Introduction -- The basis of inventory control -- Customer service -- Shaping inventory -- Practical methods for reducing stockholding -- Management and control -- Lean supply -- Safety stocks -- Setting the right stock levels -- Procurement -- Delivery Quantities -- Forecasting...

Purpose: The purpose of this paper is to propose a heuristic for the inventory management of smart vending machine systems with product substitution under the replenishment point, order-up-to level policy and to evaluate its performance. Design/methodology/approach: The heuristic is developed on...

Inventory data applied to a standard partial stock-adjustment model demonstrate that inventory control, defined by desired marginal inventory-sales ratios and speeds of adjustment, improved in the last decade or so, particularly in the manufacturing sector. In addition, the evidence suggests...

Stock management and control is a critical element to the success and overall financial well-being of an organization. Through the application of innovative practices and technology, businesses are now able to effectively monitor their operations and manage their inventory by evaluating sales...

"This book explores emergent research in stock management and product control within organizations, featuring diverse perspectives on the implementation of various optimization techniques, genetic algorithms, and datamining concepts, as well as research on big data applications for inventory...