scholarly journals Evaluation of Stock Management Strategies Reliability at Dependent Demand

2017 ◽  
Vol 18 (1) ◽  
pp. 60-69 ◽  
Author(s):  
Valery Lukinskiy ◽  
Vladislav Lukinskiy
Keyword(s):  
Supply Chains ◽  
Inventory Management ◽  
Management Strategies ◽  
Stock Management ◽  
Significant Progress ◽  
Safety Stock ◽  
The Core ◽  
Methodical Approach ◽  
Reducing Costs ◽  
Dependent Demand

Abstract For efficiently increasing the logistic systems, the core specialists’ attention has to be directed to reducing costs and increasing supply chains reliability. A decent attention to costs reduction has already been paid, so it can be stated that in this way there is a significant progress. But the problem of reliability evaluation is still insufficiently explored, particularly, in such an important sphere as inventory management at the dependent demand. In the article there is a suggested methodical approach that allows calculating the safety stock quantity at the dependent demand in view of supply chains reliability requirements; the variants for different inventory management strategies at the dependent demand are examined; optimal strategy choice algorithm and results of total costs calculation in view of the reliability are given.

scholarly journals Scaling up and scaling down supply chains in volatile resource-based economies

2021 ◽  
pp. 026909422199343
Author(s):  
Laura Ryser ◽  
Sean Markey ◽  
Greg Halseth
Keyword(s):  
Rural Communities ◽  
Supply Chains ◽  
Inventory Management ◽  
Large Scale ◽  
Management Strategies ◽  
Scale Up ◽  
Limited Attention ◽  
Economic Sectors ◽  
Scale Down ◽  
Workforce Needs

The growth of mobile workforces to support diversified resource extraction activities, compared to historically single-industry towns, represents a key change in rural and remote resource landscapes that has accelerated since the 1980s. Mobile workforces can present many opportunities to rural communities and economies. However, the capacity, viability and competitiveness of rural-based businesses to engage in supply chains serving mobile labour may be undermined by limited attention to how businesses manoeuvre downturns while maintaining a level of readiness to recover and scale-up in order to meet emerging mobile workforce needs. Drawing upon interviews with businesses in Fort St. John, British Columbia, Canada, our research uses the concept of resiliency to examine challenges and strategies associated with business capacity and agility to scale-up and scale-down in response to changing economic conditions associated with large-scale mobile workforces and related economic sectors. Our findings suggest that the capacity to scale-up and scale-down is shaped by capital, human resource and infrastructure strategies, inventory management and contract management strategies. Industry and state policies may also play a role supporting the conditions that will improve the agility, capacity and readiness of businesses operating in volatile resource-based economies.

scholarly journals 115 The Beef Industry in a Post-Pandemic World

2021 ◽  
Vol 99 (Supplement_1) ◽  
pp. 40-40
Author(s):  
Derrell S Peel
Keyword(s):  
Supply Chains ◽  
Inventory Management ◽  
Service Sector ◽  
Food Service ◽  
Consumer Products ◽  
Labor Management ◽  
Beef Industry ◽  
Design Changes ◽  
The Face ◽  
Retail Grocery

Abstract The onset of the COVID-19 pandemic in 2020 caused unprecedented shocks and disruptions in the cattle and beef industry. The shutdown of food service in March 2020 caused an unparalleled stacking of food demand on the retail grocery sector. The rigidity and specialized nature of food service and retail grocery supply chains, compounded by a surge in consumer demand at retail grocery, resulted in temporary shortages of meat in other consumer products in supermarkets. The food service sector recovered somewhat over many weeks but remained diminished through the balance of 2020 and beyond. In April 2020, COVID-19 infections affected the labor forces of many meat packing and processing facilities and resulted in significant reductions in beef packing and further processing for eight to twelve weeks. This caused additional product shortages in retail grocery and food service sectors. These impacts have raised many questions about how the beef industry might adapt to be more resilient in the face of such profound disruptions. Possible changes include more use of multi-purpose facilities (less specialized for food service or retail grocery supply chains); design changes in new plants and retrofitting existing facilities to reduce human health impacts; changes in labor management; changes in inventory management; and changes in business supply chain management and risk assessment practices.

scholarly journals Modelling of Traffic Flows and Supply Chains Based on Geospatial Knowledge

2021 ◽  
Vol 2068 (1) ◽  
pp. 012042
Author(s):  
A Kolesnikov ◽  
P Kikin ◽  
E Panidi
Keyword(s):  
Artificial Intelligence ◽  
Machine Learning ◽  
Supply Chains ◽  
Inventory Management ◽  
Traffic Flows ◽  
Machine Learning Methods ◽  
Customer Interaction ◽  
Long Term Impact ◽  
Artificial Intelligence Systems

Abstract The field of logistics and transport operates with large amounts of data. The transformation of such arrays into knowledge and processing using machine learning methods will help to find additional reserves for optimizing transport and logistics processes and supply chains. This article analyses the possibilities and prospects for the application of machine learning and geospatial knowledge in the field of logistics and transport using specific examples. The long-term impact of geospatial-based artificial intelligence systems on such processes as procurement, delivery, inventory management, maintenance, customer interaction is considered.

Methodics to Create Effective Inventory Management System in a Company

2014 ◽  
Vol 708 ◽  
pp. 245-250 ◽  
Author(s):  
Martin Hart ◽  
Miroslav Musil ◽  
Pavel Taraba
Keyword(s):  
Supply Chains ◽  
Inventory Management ◽  
Management System ◽  
Logistics Management ◽  
Management Systems ◽  
Global Markets ◽  
Industrial Companies ◽  
Inventory Management System ◽  
Business Conditions ◽  
A Company

Pursuant to the statistics data of Eurostat, the economy of European Union is slowly recovering from year lasting recession. The gross domestic product volume increased in 2nd quarter of the year 2013 by 0.3%. The industrial companies in EU are nevertheless facing still increasing competitiveness as the European and global markets are developing under current business conditions. To be successful within the frame of current supply chains the companies must have well-developed logistics management systems to effectively treat with flows streaming in their inner or outer supply chains. One of the main elements of company logistics management systems is inventory management subsystem to plan, to manage and to control particular stock items. In the paper it is briefly described the methodics to design effective inventory management system whether in industrial or service company.

Evolutionary Stable Strategies for Supply Chains: Selfishness, Fairness, and Altruism

2018 ◽  
Vol 6 (6) ◽  
pp. 532-551 ◽  
Author(s):  
Caichun Chai ◽  
Hailong Zhu ◽  
Zhangwei Feng
Keyword(s):  
Supply Chains ◽  
Evolutionary Dynamics ◽  
Replicator Dynamics ◽  
Management Strategies ◽  
Individual Preference ◽  
Short Term ◽  
Evolutionary Stable Strategies ◽  
Pure Strategies ◽  
The Stability

Abstract The management strategies of a firm are inevitable affected by individual behavior preferences. The effect of individual preference on the evolutionary dynamics for supply chains is studied by employing replicator dynamics. Each firm has three behavior preferences: selfishness, fairness, and altruism. Firstly, the case that the strategy set of manufacturers and retailers including two pure strategies is considered and the effect of preference parameter on the equilibrium outcome in the short-term interaction is discussed. Secondly, the equilibrium state in the short-term is always disturbed because the change of the environment, firm’s structure, and so forth. Using the replicator dynamics, the evolutionary stable strategies of manufacturers and retailers in the long-term interaction are analyzed. Finally, the extend case that the strategy set of manufacturers and retailers include three pure strategies is investigated. These results are found that the strategy profile in which both manufacturer and retailer choose fairness or altruism, or one player chooses fair or altruistic strategy and the other player chooses selfish strategy may be evolutionary stable, the stability of these equilibria depends on the the preference parameters.

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