Selection of an Inventory Management Strategy in a Low-Demand Environment

2021 ◽  
pp. 347-356
Author(s):  
Valery Lukinskiy ◽  
Vladislav Lukinskiy ◽  
Darya Bazhina ◽  
Nikolay Nikolaevskiy
Keyword(s):  
Inventory Management ◽  
Management Strategy ◽  
Selection Of

scholarly journals Developing an intranet towards knowledge sharing: A practitioner-based inquiry

2008 ◽  
Vol 10 (1) ◽  
Author(s):  
U. R. Averweg
Keyword(s):  
South Africa ◽  
Knowledge Management ◽  
Knowledge Sharing ◽  
Management Strategy ◽  
Mixed Methodology ◽  
Knowledge Management Strategy ◽  
Technology Infrastructure ◽  
Large Organization ◽  
Use Of Knowledge ◽  
Selection Of

The intranet is a common feature in many organizations. With the increasing use of a technology infrastructure in organizations, there is a continued challenge for employees in an organization to contribute their knowledge willingly and to make use of knowledge sharing with other employees. Intranets are well-suited for use as a strategic tool in knowledge sharing due to their ability to support the distribution, connectivity and publishing of data and information. Intranets should be seen as integral to an organization’s knowledge management strategy and should be tailored to suit and enhance an organization’s knowledge-sharing activities. The question arises: To what extent does an organization’s existing intranet facilitate knowledge sharing? From a practitioner-based inquiry perspective, this question was explored by the selection of a large organization – eThekwini Municipality, Durban, South Africa – as the field of application. Derived from a mixed methodology approach, the results of a survey are presented. It is suggested that encouragement be given for more practitioner-based inquiry research.

JIT Inventory Management Strategy

2019 ◽  
pp. 57-74 ◽  
Author(s):  
Alan D. Smith
Keyword(s):  
Supply Chain ◽  
Inventory Management ◽  
Management Strategy ◽  
Economic Order Quantity ◽  
Just In Time ◽  
Order Quantity ◽  
Business World ◽  
Safety Stock ◽  
Operating Process ◽  
Strategic Approach

Implementing a just-in-time (JIT) inventory management strategy seems to be the latest hot topic in the business world, particularly in manufacturing industries. In today's competitive supply chain environment, more and more companies are either adopting JIT methodology or at least beginning to research and understand how JIT would affect their business. But what exactly is JIT? Many companies may be already putting into practice some of the concepts of JIT – such as looking at always improving or trying to reduce waste in terms of product or labor steps. Some companies may be fully ready to embrace a JIT operating process; yet, perhaps JIT is not the best choice for their business. The goal of this chapter is to develop a better understanding of JIT, from this history behind its inception to the various risks and benefits that relate to adopting JIT from an interdisciplinary/strategic approach to a transdisciplinary viewpoint. Those strategies, which include the basic methods of minimum stock, economic order quantity (EOQ), and Safety stock methods, are explored and explained in this chapter.

scholarly journals Production, Replenishment and Inventory Policies for Perishable Products in a Two-Echelon Distribution Network

2020 ◽  
Vol 12 (11) ◽  
pp. 4735
Author(s):  
Mingyuan Wei ◽  
Hao Guan ◽  
Yunhan Liu ◽  
Benhe Gao ◽  
Canrong Zhang
Keyword(s):  
Inventory Management ◽  
Valid Inequalities ◽  
Distribution Network ◽  
Planning Horizon ◽  
Branch And Cut ◽  
Computational Time ◽  
Perishable Products ◽  
Inventory Cost ◽  
Routing Problem ◽  
Selection Of

The research on production, delivery and inventory strategies for perishable products in a two-echelon distribution network integrates the production routing problem (PRP) and two-echelon vehicle routing problem (2E-VRP), which mainly considers the inventory and delivery sustainability of perishable products. The problem investigated in this study is an extension of the basic problems, and it simultaneously optimizes production, replenishment, inventory, and routing decisions for perishable products that will deteriorate over the planning horizon. Additionally, the lead time has been considered in the replenishment echelon, and the unit inventory cost varying with the inventory time is considered in the inventory management. Based on a newly designed model, different inventory strategies are discussed in this study: old first (OF) and fresh first (FF) strategies both for the first echelon and second echelon, for which four propositions to model them are proposed. Then, four valid inequalities, including logical inequalities, a ( ℓ , S , W W ) inequality, and a replenishment-related inequality, are proposed to construct a branch-and-cut algorithm. The computational experiments are conducted to test the efficiency of valid inequalities, branch-and-cut, and policies. Experimental results show that the valid inequalities can effectively increase the relaxed lower bound by 4.80% on average and the branch-and-cut algorithm can significantly reduce the computational time by 58.18% on average when compared to CPLEX in small and medium-sized cases. For the selection of strategy combinations, OF–FF is suggested to be used in priority.

Management strategies for spasmodic stocks: a Canadian Atlantic redfish fishery case study

2020 ◽  
Vol 77 (4) ◽  
pp. 684-702
Author(s):  
Roberto Licandeo ◽  
Daniel E. Duplisea ◽  
Caroline Senay ◽  
Julie R. Marentette ◽  
Murdoch K. McAllister
Keyword(s):  
Inventory Management ◽  
Management Strategy ◽  
Management Strategies ◽  
Trawl Survey ◽  
Eastern Canada ◽  
Strategy Evaluation ◽  
Management Procedures ◽  
Harvest Control Rule ◽  
Sebastes Mentella

There exist few recommendations for managing stocks with spasmodic recruitment, despite such stocks being not uncommon. Management procedures (MPs), developed for two species of redfish (Sebastes mentella and Sebastes fasciatus) in eastern Canada, are recommended for setting catch limits during periods of high and low abundance. A well-designed fishery-independent trawl survey is essential to provide advance warning of strong recruitment events and project future recruitment. Under an “inventory management” strategy, a more appropriate aim in spasmodic stocks may be to maximize the number of years with “good catches,” instead of maximizing total catches, as is traditionally considered in management strategy evaluation (MSE). Following a spasmodic recruitment event, an empirical harvest control rule based on larger fish delays the harvest of large cohorts by a few years, targets more commercially valuable fish sizes, and reduces the risk of growth overfishing. Capped MPs produced longer periods of large catches than uncapped MPs. MPs allowed for low harvests during periods of low abundance, thus avoiding unnecessary hardship in the industry. MPs evaluated here could be good candidates for other stocks with similar or less extreme recruitment variability.

scholarly journals Reaching Law Based Discrete Time Sliding Mode Inventory Management Strategy

IEEE Access ◽  
2016 ◽  
Vol 4 ◽  
pp. 10051-10058 ◽  
Author(s):  
Andrzej Bartoszewicz ◽  
Pawel Latosinski
Keyword(s):  
Inventory Management ◽  
Discrete Time ◽  
Management Strategy ◽  
Sliding Mode ◽  
Reaching Law

scholarly journals Field Survey of Cassava Susceptibility to Termite Infestation as Influenced by Time, Scale and Management Strategy in Selected Owerri Agricultural Zones, Southeast Nigeria

2019 ◽  
pp. 1-10
Author(s):  
K. O. Ogbedeh ◽  
T. T. Epidi ◽  
S. A. Dialoke ◽  
B. O. Bosah ◽  
F. O. Ugwoke
Keyword(s):  
Time Scale ◽  
Management Strategy ◽  
Field Survey ◽  
Low Literacy ◽  
Southeastern Nigeria ◽  
Mature Adults ◽  
Southern States ◽  
Termite Attack ◽  
Farmer Education ◽  
Selection Of

Aim: In Africa, cassava provides a basic daily source of dietary energy and has gained popularity as one of the most important root crops in Nigeria especially in the Southern States. However, a thorough survey on cassava susceptibility to termite infestation in relation to time and management strategy has not received attention by farmers in Owerri (Southeastern Nigeria). Study Design: Therefore, the need to carry out a field survey of cassava susceptibility to termite infestation as an influence by time, scale and management strategy in selected Owerri Agricultural zones. Place and Duration of Study: The field survey was conducted in 2016 in four selected Agricultural zones of Owerri, Namely; Ezinnihite Mbaise (Zone 1), Owerri North (Zone 2), Mbaitoli (Zone 3) and Owerri West (Zone 4). Methodology: A random selection of 30 cassava farmers from each of the study areas was made, totalling 120 respondents. Data were collected through structural questionnaire administration to the respondents on the four selected zones and were analyzed using Descriptive Statistics. Results: Result shows that cassava stems were more susceptible to termite attack than tubers, especially during dry periods. Equally cassava devastation by termite occurred mostly at planting where newly planted cuttings suffered most. Termite infestation on cassava was more between January and May as well as between October and December. On the other hand, the use of chemical control either singly or in synergy with other non-chemical means to control termites appears to be very popular amongst respondents. Youths and mature adults were actively engaged in cassava farming, but the majority of them were unskilled by virtue of their low literacy levels. Conclusion: Farmer education is recommended to enable the integration of pest/termite avoidance principle into termite control strategy.

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