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.

Implementasi Aplikasi Sistem Peramalan Persedian Barang Menggunakan Metode Single Moving Average Berbasis Web

Forecasting is an estimate of future demand based on several forecasting variables based on historical time series or a process of using historical data (past data) that has been owned to use this model and use this model to estimate future conditions.The Ivori mini market SME group is known to be a mini market that sells daily necessities. The goods provided by the ivori mini market are not focused on only one type of goods, but include all types of goods. Ivori mini market often runs out of stock because there is no inventory planning. The main purpose of making this application is to assist employees in determining inventory planning that must be provided next month. While the method used to make this forecast is a single moving average, one of the time series methods in forecasting. Single Moving Average is a forecasting method that is done by collecting a group of observed values, looking for the average value as a forecast for the future period. The result of this forecasting is to predict the number of sales that will occur in the coming month.

Perencanaan Persediaan Bahan Baku pada UMK Tiga Bersaudara Kota Kupang dengan Metode Economic Order Quantity (EOQ)

Abstract Purpose: This research is a form of raw material inventory planning using the Economic Order Quantity (EOQ) method for fried corn products at UMK Tiga Bersaudara Kupang City. Research Methodology: This research method used a quantitative approach. The data analysis technique used is forecasting, EOQ, and Safety Stock. Results: The outcome of this study is the creation of a raw material inventory that can be applied by the UMK Tiga Bersaudara in carrying out its production. The number of orders for raw materials has also been identified using the EOQ method. To avoid shortages of raw materials, a calculation of how much safety stock is needed in the next period has also been calculated. Limitation: This calculation is predictive so that the reality in the field can change in the future. Contribution: Companies are advised to plan raw material inventory using the methods used in this study, namely forecasting, EOQ, SS, and calculating the total cost of inventory.

EFFICIENCY OF USING OFSET PRINTING MACHINE TO SPEED UP MAGAZINE PRINT TIME

Optimization is an effort to maximize activities so that they are realized desired or desired advantage. Optimization in form Raw material planning can be defined as an activity which coordinated to achieve certain goals within a certain period of time. Raw material planning has an effect on operating costs, so that errors in inventory will reduce profits. Company Inventory problem, too much supply or even a shortage. Both of these conditions resulted in the emergence of this situation substantial costs. Therefore, it is necessary to plan the raw material inventory with the MRP method to analyze the optimal inventory level.The purpose of planning and planning is to plan and controlling the flow of material into, inside, and out of the factory thus the position of optimal profit which is an attainable goal. Material requirements planning is carried out using the MRP method whose application begins with forecasting the number demand / production for the future. By seeing material requirements planning, then inventory planning is carried out by using the Horizontal Planning method. From the results of Horizontal Planning produce optimal inventory planning.Keywords: optimization, planning, MRP method.

Managing inventory at GoUNESCO

Learning outcomes This case calls out the following inventory management learning objectives in a project context: to understand the project categories of inventories and their drivers for planning purposes, to learn how to manage different categories of inventory and to learn the importance of effective allocation of inventory at different project locations. Case overview/synopsis GoUNESCO is a start-up formed with the objective of providing a platform for laypersons to engage with places of heritage value. Among others, one of the key components of this platform is “go heritage runs,” in short GHR. In the past three years, the popularity of runs organized under the brand GHR has been increasing, both in terms of locations and the number of participants in each location in successive years. Inventory planning and management for projects is tricky. Different categories of inventory have different implications of shortages or excesses. The case dwells into inventory planning and management of t-shirts and medals, to drive home this point. Complexity academic level The case can be positioned in service operations management or supply chain management courses while covering inventory management topics for both Master of Business Administration (MBA) and executive MBA students. Supplementary materials Teaching Notes are available for educators only. Please contact your library to gain login details or email [email protected] to request teaching notes. Subject code CSS 11: Strategy.