The research studies on types of products and purchase investigation into inventory management of supply chain. We choose cases from domestic manufacturing industry and retail industry to investigate their inventory management models. The types of products separate functional products and innovative products; purchasing orientations divides into buying and procurement orientation. Two construct...

Uncertainty in Supply Chain Management can lead to unsuitable services to customers, but it can be overcome through having an emergency inventory. Due to high costs of inventory, a general inclination exists towards a minimum inventory. So, one of the objectives of Supply Chain Management is to coordinate all activities throughout the chain, so that simultaneously with reducing commodity invent...

My dissertation addresses a number of challenges in perishable inventory management in supply chains, providing both theoretical results and managerial insights. Essay 1: In this essay, we review the literature on supply chain management of perishable products that have a fixed or random lifetime, primarily focusing on challenges introduced by aging of such products. We start with a review of t...

The most common method that materials managers use for classifying inventory items for planning and control purposes is the annual-dollar-usage ranking method (ABC classification). Recently, it has been suggested that multiple criteria ABC classification can provide a more comprehensive managerial approach, allowing consideration of other criteria such as lead time and criticality. This paper p...

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...

Traditional inventory models focus on risk-neutral decision makers, i.e., characterizing replenishment strategies that maximize expected total profit, or equivalently, minimize expected total cost over a planning horizon. In this paper, we propose a framework for incorporating risk aversion in multi-period inventory models as well as multi-period models that coordinate inventory and pricing str...

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Inventory record inaccuracy is a significant problem for retailers using automated inventory management systems. While investments in preventative and corrective measures can be effective remedies, gains can also be achieved through inventory management tools that account for record errors. In this paper, we consider intelligent inventory management tools that account for record errors using a ...

Spare parts inventory management is one of the major areas of inventory research. Analysis of recent literature showed that an approach integrating spare parts classification, demand forecasting, and stock control policies is essential; however, adapting this integrated approach is limited. This work presents an integrated framework for spare part inventory management and an Excel based applica...