Value based management approach in inventory management

Value Stream Oriented Inventory Management

Producing companies aspire to availability despite appearing disruptions. To ens availability safety stocksare required. Howeversaf additional capital commitment and compensates d of solving the reasons.The intention is to increa production by configuring the production plan systematically. Thus the safety stock can be red proportion of inventory in producing companies i inventory, schedule dev...

Smart RFID Based Design for Inventory Management in Health Care

 Radio Frequency Identification (RFID) is used to identify the characteristics of an object wirelessly using radio waves. The purpose of this technology in this study is mainly focused on healthcare for inventory management and theft control replacing the manual logs. The storage and tracking of high-cost inventory items is developed. Automatic reordering and billing interfaces are designed for...

The Value of Information in Inventory Management

Inventory management traditionally assumes the precise knowledge of the underlying demand distribution and a risk-neutral manager. New product introduction does not fit this framework because (i) not enough information is available to compute probabilities and (ii) managers are generally risk-averse. In this work, we analyze the value of information for twostage inventory management in a robust...

A Value Based Approach To Management A Value Based Approach To Management

A realistic perish ability inventory management for location-inventory-routing problem based on Genetic Algorithm

In this paper, it was an attempt to be present a practical perishability inventory model. The proposed model adds using spoilage of products and variable prices within a time period to a recently published location-inventory-routing model in order to make it more realistic. Aforementioned model by integration of strategic, tactical and operational level decisions produces better results for sup...