Case Study–Based Evaluation of Stochastic Multicommodity Emergency Inventory Management Model

2012 ◽  
Vol 2283 (1) ◽  
pp. 12-24 ◽  
Author(s):  
Eren Erman Ozguven ◽  
Kaan Ozbay
Keyword(s):  
Inventory Management ◽  
Management Model

scholarly journals CASE STUDY OF A BAKER COMPANY: WHEAT STOCK MANAGEMENT EVALUATION

2021 ◽  
Vol 1 (2) ◽  
pp. 96-112
Author(s):  
Yasmin Santos Pinto
Keyword(s):  
Inventory Management ◽  
Opportunity Cost ◽  
Direct Action ◽  
Historical Analysis ◽  
Management Model ◽  
Stock Management ◽  
Cost Study ◽  
Management Evaluation ◽  
Management Method

The goal problem of this work is to propose improvement of wheat inventory management of a bakery, applying the inventory management method “P” and opportunity cost analysis. The study makes historical analysis of the company and proposes the adequacy of the model in order to reduce waste and production inefficiency. The adopted methodology is the case study, because the author does not have direct action during the elaboration of the work. The study shows through the basic calculations of the management model literature “P”, in order to propose the adequacy. The improvement proposal involves new quantities and periodicities of purchase, showing the feasibility of the opportunity cost study, seeking to insert the company's management model to the proposed one.

A systematic literature review of healthcare supply chain and implications of future research

2019 ◽  
Vol 13 (4) ◽  
pp. 405-435 ◽  
Author(s):  
Anuj Dixit ◽  
Srikanta Routroy ◽  
Sunil Kumar Dubey
Keyword(s):  
Supply Chain ◽  
Literature Review ◽  
Inventory Management ◽  
Cold Chain ◽  
Future Research ◽  
Research Papers ◽  
Content Type ◽  
Drug Manufacturing ◽  
Customer Training

Purpose This paper aims to review the healthcare supply chain (HSC) literature along various areas and to find out the gap in it. Design/methodology/approach In total, 143 research papers were reviewed during 1996-2017. A critical review was carried out in various dimensions such as research methodologies/data collection method (empirical, case study and literature review) and inquiry mode of research methodology (qualitative, quantitative and mixed), country-specific, targeted area, research aim and year of publication. Findings Supply chain (SC) operations, performance measurement, inventory management, lean and agile operation, and use of information technology were well studied and analyzed, however, employee and customer training, tracking and visibility of medicines, cold chain management, human resource practices, risk management and waste management are felt to be important areas but not much attention were made in this direction. Research limitations/implications Mainly drug and vaccine SC were considered in current study of HSC while SC along healthcare equipment and machine, hospitality and drug manufacturing related papers were excluded in this study. Practical implications This literature review has recognized and analyzed various issues relevant to HSC and shows the direction for future research to develop an efficient and effective HSC. Originality/value The insight of various aspects of HSC was explored in general for better and deeper understanding of it for designing of an efficient and competent HSC. The outcomes of the study may form a basis to decide direction of future research.

Inventory management of multiple items with irregular demand: A case study

2010 ◽  
Vol 205 (2) ◽  
pp. 313-324 ◽  
Author(s):  
George Nenes ◽  
Sofia Panagiotidou ◽  
George Tagaras
Keyword(s):  
Inventory Management

APPLICATION OF PERIODIC REVIEW INVENTORIES MODEL IN A TYPICAL MEXICAN FOOD COMPANY

2021 ◽  
Vol 8 (1) ◽  
pp. 27-36
Author(s):  
Ramsés Cabrera-Gala ◽  
Luis Carreón-Nava ◽  
Hugo Valencia-Cuevas ◽  
León Rivera-Sosa
Keyword(s):  
Inventory Management ◽  
Management Model ◽  
Periodic Review ◽  
Food Company ◽  
Periodic Model ◽  
Santa Monica ◽  
Typical Food ◽  
The One ◽  
The City ◽  
Optimal Quantity

The Mexican family companies must face the challenges of market volatility with greater recurrence, forcing them to use effective tools and models for the proper management of their organizations and inherent activities, such as inventory management. Therefore, this research was carried out at “Moles Santa Monica”, a typical food company located in the city of Puebla, Mexico. This enterprise has reflected a high variability in the administration of its inventories, with a Coefficient of Variation (CV) greater than 0.2 in most of their portfolio products. In this way, the objective of this study was to propose an inventory management model that might reduce the shortages and overstock, and also; improves its performance and profitability when it is managed. The applied methods were Pareto and ABC model to choose correctly the best seller company products. The inventory management model chosen was the periodic review (R, S) as well, for being the most effective and the one that best suited the circumstances of the company in question. Three of the portfolio products were studied (MPP10, MPC10 and COP10) due to they are the most representative in incomes and valuables for the company managers. The results allowed us to propose the review periodic model (R), the optimal quantity of units to produce (Q), the safety stock (Ss) and the maximum inventory (S) for each product. We conclude that this model will help the company to face the uncertainty of the demand. Finally, we include limitations and future studies.

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