Using blockchain technology to extend the vendor managed inventory for sustainability

Nowadays, Information Technology (IT) is changing the way traditional enterprise management concepts work. One of the most dominant IT achievements is the Blockchain Technology. This technology enables the distributed collaboration of stakeholders for their interactions while fulfilling the security and consensus rules among them. This paper has focused on the application of Blockchain technology to enhance one of traditional inventory management models. The Vendor Managed Inventory (VMI) has been considered one of the most efficient mechanisms for vendor inventory planning by the suppliers. While VMI has brought competitive advantages for many industries, however its centralized mechanism limits the collaboration of a pool of suppliers and vendors simultaneously. This paper has studied the recent research for VMI application in industries and also has investigated the applications of Blockchain technology for decentralized collaboration of stakeholders. Focusing on sustainability issue for total supply chain consisting suppliers and vendors, it has proposed a Blockchain based VMI conceptual model. The different capabilities of this model for enabling the collaboration of stakeholders while maintaining the competitive advantages and sustainability issues have been discussed.

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Interdependence between Inventory Management and Employees’ Satisfaction

PROMET - Traffic&Transportation ◽

10.7307/ptt.v25i3.909 ◽

2013 ◽

Vol 25 (3) ◽

pp. 245-254

Author(s):

Dubravko Tomašić ◽

Dragan Peraković ◽

Marinko Jurčević

Keyword(s):

Supply Chain ◽

Inventory Management ◽

Added Value ◽

Service Users ◽

Competitive Advantages ◽

Inventory Optimization ◽

Interaction Processes ◽

Synergy Effects ◽

Employees Satisfaction ◽

New Knowledge

The study determines the correlation between the application of advanced models and methods of inventory optimisation in the supply chain in relation to the satisfaction of employees who are responsible for managing the inventory optimisation processes. The previous studies confirm that the optimisation of inventory management in the supply chain insures competitive advantages on the market. There is space for further research of impact of the achieved inventory optimisation in the supply chain on the change of the employees’ satisfaction. The paper establishes the interrelation of the interdependence of the achieved inventory optimisations on the satisfaction of the employees and the related synergy effects of acquiring added value of the companies on the market oriented to the satisfaction of the buyers and service users. The research has defined new knowledge in interdependence of inventory management optimisation on the change of indicators of employees’ satisfaction. Based on the performed research an assumption has been created for the design of an application package (so-called XaaS-based services) for the management of interaction processes of inventory optimization in the supply chain, satisfaction of service users and employees.

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CHARACTERISTICS OF ORGANIZING AND MANAGING SALES ACTIVITIES USING THE EXAMPLE OF “OOO LAMZUR”

Scientific Review: Theory and Practice ◽

10.35679/2226-0226-2020-10-6-1001-1015 ◽

2020 ◽

Vol 10 (6) ◽

pp. 1001-1015

Author(s):

E.A. Leonenko ◽

◽

S.V. Kunev ◽

N.N. Chindyaykina ◽

◽

...

Keyword(s):

Economic Activity ◽

Visual Analysis ◽

Distribution Channels ◽

Enterprise Management ◽

Competitive Advantages ◽

New Methods ◽

Confectionery Products ◽

Marketing Activities ◽

Further Development

In modern conditions, the further development of the market economy puts each subject of economic activity in very difficult conditions. For the survival and effective functioning of an organization, it is no longer enough to simply produce goods in the maximum possible volume, it is especially important to sell these goods. The significant role of sales activities in the enterprise management requires searching for new methods of improvement, one of which is the revision of existing and the development of new optimal distribution channels under conditions of environmental uncertainty. Currently, distribution channels for final products are a complex multi-structure system with active elements, operating in a dynamically developing market environment. Studies by economists show that the complexity (complexity) of this system is based not on the number of elements, but on the nature of the network structure (the complexity of the structure of the system and the interactions of its components). This article presents a visual analysis of the sales activities of one of the largest Russian confectionery manufacturers - “OOO Lamzur”. For this kind of enterprises, the organization of sales activities is very important in ensuring economic efficiency and achieving high competitive advantages. In the marketing activities of the investigated enterprise, a number of problem areas are identified that impede its development. In the process of analyzing sales activities, a number of shortcomings were noted, the key of which is the loss by the enterprise of such sales functions as establishing feedback with consumers. In the course of the study, the effectiveness of the marketing activities of “OOO Lamzur” was assessed based on the analysis of the dynamics of sales of confectionery products, as well as by interviewing customers.

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The Research on New Air Materiel Support Model Based on VMI

Advanced Materials Research ◽

10.4028/www.scientific.net/amr.926-930.4142 ◽

2014 ◽

Vol 926-930 ◽

pp. 4142-4145

Author(s):

Ji Jun Li ◽

Hong Yang Guo ◽

Ya Qun He ◽

Ming Xing Shi ◽

Yang Cui

Keyword(s):

Inventory Management ◽

Third Party ◽

Third Party Logistics ◽

Vendor Managed Inventory ◽

Model Based ◽

Distribution Services ◽

Logistics Company ◽

Material Transportation ◽

And Storage ◽

Support Model

For many problems in the current air material inventory management, this paper studies the application of Vendor Managed Inventory thinking in air material business activities, reform tasks and responsibilities of air material stocks and air material warehouse, and introduces third-party logistics company for the air material transportation and distribution services. It realized precision and refinement of air materiel financing, supply, transportation and storage.

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Inventory management concepts and techniques

IOP Conference Series Materials Science and Engineering ◽

10.1088/1757-899x/459/1/012060 ◽

2018 ◽

Vol 459 ◽

pp. 012060 ◽

Cited By ~ 1

Author(s):

G Priniotakis ◽

P Argyropoulos

Keyword(s):

Inventory Management ◽

Management Concepts

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Dockomo Heavy Machinery Equipment Ltd.: Spare Parts Supply Chain Management

Council of Supply Chain Management Professionals Cases ◽

10.1108/case.cscmp.2018.000008 ◽

2018 ◽

pp. 1-20 ◽

Cited By ~ 1

Author(s):

A Narayanan ◽

S Seshadri

Keyword(s):

Supply Chain ◽

Supply Chain Management ◽

Inventory Management ◽

Spare Parts ◽

Inventory Planning ◽

Chain Management ◽

Heavy Machinery ◽

Demand Patterns ◽

Forecasting Techniques

This case study is designed to explore the challenges of forecasting and inventory management in spare parts industry. Most items in this industry have lumpy, intermittent, erratic and slow demand patterns. Traditional forecasting techniques cannot be applied to this group. Also most textbook methods on inventory planning, assumes the demand is normally distributed – which is also not the case in spare parts industry. Strategies can be tested for the demand data provide for about 40 items

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Business Process: Modelling Based on Logistics and Management Concepts

Studies of Applied Economics ◽

10.25115/eea.v39i3.4523 ◽

2021 ◽

Vol 39 (3) ◽

Author(s):

Mykola Parkhomets ◽

Nataliia Pochynok ◽

Liudmyla Uniiat ◽

Igor Matviy ◽

Liudmyla Sybyrka ◽

...

Keyword(s):

Inventory Management ◽

Business Process ◽

Economic Model ◽

Business Processes ◽

Free Market ◽

Simulation Modelling ◽

Practical Implementation ◽

Management Concepts ◽

Operational Activities ◽

The Impact

The article discusses the option of modelling a business process using a logistics concept to optimise costs. The issues of influence on the formation of the model, the concept of optimising transport costs, and the costs of inventory management, in terms of production and economic efficiency, are considered. The mathematical and economic model of a typical business process is shown as a formed economic paradigm that materialises the process of conceptual integration of technological and logistic approaches in the process of implementing critical business processes of the company's current activities.The article also touches upon the issues of calculating logistics costs, both in the context of their points of origin, that is, by functional areas, and general accounting in the context of each business process. The options for calculating this category of costs are considered, in the general flow of both material and financial resources of a separate business process. From the standpoint of a logistic approach to managing the total operating costs of key business processes, options for a comprehensive study of the impact of logistics costs on the general operating activities of the company are analysed.The methodology for constructing a mathematical-economic model of a typical business process is described, taking into account the factors of influence of logistics concepts. Practical use of this methodology in real economic conditions is considered, and recommendations are given for adapting the methodology to specific parameters of the subject of the economic system. The proposed model outlines the fundamental approaches to the mathematically verified analysis of vital economic parameters that characterise the fluid nature of the economic components of the modern free market. The stated methodology, while not claiming to be complete coverage of the issues presented, nevertheless assumes the possibility of practical implementation of simulation modelling, economically crucial for current operational activities, fundamental business processes.

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Gerenciamento de estoques e vendor managed inventory: um estudo de caso em uma rede supermercadista

Revista Produção e Desenvolvimento ◽

10.32358/rpd.2015.v1.60 ◽

2015 ◽

Vol 1 (1) ◽

pp. 50-59

Author(s):

Letícia De Cassia Teixeira Vilhena ◽

Priscilla Cristina Cabral Ribeiro

Keyword(s):

Inventory Management ◽

Cost Reduction ◽

Qualitative Approach ◽

Vendor Managed Inventory ◽

Structured Interviews ◽

Safety Stock ◽

Food Retailer ◽

Demand Fluctuations ◽

Increasing Demand

Among logistics activities, inventory management stands out for cost increasing, demand fluctuations and for ensuring reasonable operational resources use. Therefore, a tool that enables more efficient inventory management Vendor Managed Inventory - VMI. It enables inventory monitoring by the supplier, being his responsibility immediately resupply when safety stock is reached. In face of such importance, this study aims to analyze VMI adoption in a food retailer inventory. So, a qualitative approach was used, presenting a case study, with semi-structured interviews with a script of questions. Thus, through this research we could identify advantages such as stock and delivery cost reduction.

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ENTERPRISE MANAGEMENT IN THE CONTEXT OF EXPANDING THE SCOPE OF BLOCKCHAIN TECHNOLOGY

Environment Technology Resources Proceedings of the International Scientific and Practical Conference ◽

10.17770/etr2021vol2.6619 ◽

2021 ◽

Vol 2 ◽

pp. 187-193

Author(s):

Sergey Verteshev ◽

Anton Verteshev ◽

Mikhail Voronov

Keyword(s):

Real Time ◽

Management System ◽

Enterprise Management ◽

Fuzzy Mathematics ◽

Goods And Services ◽

Blockchain Technology ◽

Enterprise Management System

The method of creating an automated enterprise management system is considered. The method is based on the ideas of the imitation approach and fuzzy mathematics. Real-time enterprise planning is the goal. The method is relevant in the context of setting up the market for goods and services with the expansion of e-commerce. The model of the formation of the plan of the enterprise for the execution of the orders received is considered.

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