Background: Stocks of raw materials and finished products are found in all units of logistics systems and require significant financial means of management. For this reason, scientifically justified approaches to stock management and cost minimisation must be explored. Despite the existence of...

In this study, joint inventory replenishment planning of an Alibaba distribution system is investigated, which contributes to the circular economy concept. The distribution system includes suppliers, central distribution centers, and front distribution centers. The total replenishment cost of...

Inventory management is becoming very challenging for the retailer over the years due to the uncertainty in the demand and supply of products in financial risk and management systems. In a competitive market, running a business smoothly in a highly suitable place is day by day becoming tough due...

Growth outlines the behavior of a class of inventories whose weight and size increase during their storage. Fast-growing young animals such as broiler chickens, ducks, and calves are examples of this class, prevalent in many food industries. Despite their presence in various food supply chains,...

Purpose: The main purpose of this article is to systematically review the papers published in the period 2005-2020 about the integration of production, inventory and distribution activities in perishable supply chains. Design/methodology/approach: The proposed research methodology is based on...

Das Ziel dieser Arbeit ist es Verfahren zu entwickeln, welche Lösungen zur Re-duzierung des Bestandes bei den obsoleten Artikeln mit unregelmäßigem oder keinem Bedarf anbieten werden. Hierfür erarbeitete der Autor zwei Algorithmen, welche Berechnung der Logistikkosten beinhalten. Die...

Purpose: The main purpose of this article is to systematically review the papers published in the period 2005-2020 about the integration of production, inventory and distribution activities in perishable supply chains. Design/methodology/approach: The proposed research methodology is based on...

The inventory routing problem arises when inventory management and vehicle routing decisions are integrated instead of treated as separate problems. The technique of combining such decisions could lead to solutions that are better than merging the optimal solutions of the smaller subproblems....

Purpose: Demand-Driven Distribution Resource Planning (DDDRP) has recently been proposed in the literature to deal with higher supply networks complexity, shorter customer tolerance times, and inaccurate forecasts. The DDDRP requires to position inventory buffers in critical network nodes, where...

Purpose: The research studies the production system having multiple items being processed on the same production line. The objectives are to (1) investigate the influence of production sequence on the optimal value of production run size, (2) explore the effect of production sequence on the...

Background: The advancement of Industry 4.0 technologies has affected every aspect of supply chains. Recently, enterprises have tried to create more value for their businesses by tapping into these new technologies. Warehouses have been one of the most critical sections in a supply chain...

This paper examines the effects of decentralizing decision-making in multi-establishment firms. Using a unique dataset from the Liquor Control Board of Ontario (LCBO), we assess the impact of allowing store managers to control the inventory replenishment decisions of their stores. We first...

Food production systems are complex industrial operations that often involve multiple parties. This study proposes inventory management strategies for a multi-echelon perishable food supply chain with growing and deteriorating items. The upstream end of the proposed food supply chain is the...

Logging and tracking raw materials, workpieces and engineered products for seamless and quick pulls is a complex task in the construction and shipbuilding industries due to lack of structured storage solutions. Additional uncertainty is introduced if workpieces are stacked and moved by multiple...

Inventory is a significant and important asset for retailers and represents what a store has to offer its customers for instant purchase; at the same time, considerable costs are associated with holding inventory. In this study, we use inventory turnover as a measure of inventory performance. We...

We propose a new model of trading in OTC markets. Dealers accumulate inventories by trading with end-investors and trade among each other to reduce their inventory holding costs. Core dealers use a more efficient trading technology than peripheral dealers, who are heterogeneously connected to...

We study the problem of optimally managing an inventory with unknown demand trend. Our formulation leads to a stochastic control problem under partial observation, in which a Brownian motion with non-observable drift can be singularly controlled in both an upward and downward direction. We first...

Inventory management is becoming very challenging for the retailer over the years due to the uncertainty in the demand and supply of products in financial risk and management systems. In a competitive market, running a business smoothly in a highly suitable place is day by day becoming tough due...

This paper analyses literature contributions in the search for safety stock problem under uncertainties and risks in the procurement process, focusing on the dimensioning problem (determination of the safety stock level). We perform a systematic literature review (SLR) from 1995 to 2019 in...

We propose a new model of trading in OTC markets. Dealers accumulate inventories by trading with end-investors and trade among each other to reduce their inventory holding costs. Core dealers use a more efficient trading technology than peripheral dealers, who are heterogeneously connected to...

We study the problem of optimally managing an inventory with unknown demand trend. Our formulation leads to a stochastic control problem under partial observation, in which a Brownian motion with non-observable drift can be singularly controlled in both an upward and downward direction. We first...

Purpose: The objective of this research was to implement new inventory management in a footwear company through the analysis of indicators obtained from inventory data collection. Design/methodology/approach: The methods of ABC analysis, demand forecasting, safety stock, reorder point and...

The inventory routing problem is a complex topic recognized by the scientific literature. This work shows up this kind of problem, particularly a problem with freight traffic indicator as an objective for optimization, also a mathematical model and procedure for the resolution of this problem in...

This paper analyses literature contributions in the search for safety stock problem under uncertainties and risks in the procurement process, focusing on the dimensioning problem (determination of the safety stock level). We perform a systematic literature review (SLR) from 1995 to 2019 in...

The inventory carrying cost has been assumed uniform for all products in an organization or a warehouse. This assumption is not valid for a diversified range of items in an organization or warehouse. This paper tested this hypothesis of variations in inventory holding costs in a warehouse in two...

We propose a new model of trading in OTC markets. Dealers accumulate inventories by trading with end-investors and trade among each other to reduce their inventory holding costs. Core dealers use a more efficient trading technology than peripheral dealers, who are heterogeneously connected to...

We show that sticky prices exacerbate household hoarding of storable goods. When stores are slow to adjust prices following a cost shock, households have an incentive to stockpile just as in a typical retail sale. This incentive is present even in the absence of traditional panic or...

Many firms have benefited from Theory of constraints implementation helping them in achieving ambitious goals. Theory of constraints uses inherent potential in supply to turnaround businesses. This paper uses case study approach to explore the existing implementation model of Theory of...