An Operational Metric or An Operational Capability? The Role of Growth in Inventory Efficiency Growth

Manikas, Andrew; Patel, Pankaj C.

doi:10.31387/oscm0280189

Cited by 1 publication

(1 citation statement)

References 52 publications

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“…With the increasing competition in the industries today, the business functions can no longer afford to work in silos, since bringing efficiencies in the supply chain requires integrated processes and predictive cost-benefit analysis among others (Msimangira and Venkatraman, 2014). Businesses need to have inventory efficiency (Manikas and Patel, 2017). Moreover, this need for inventory efficiency is relevant for all three types of inventories (Manikas, 2017).…”

Section: Introductionmentioning

confidence: 99%

Inventory Modelling for technology generation products under uncertain trade credit terms and imprecise procurement costs

Nagpal,

Chanda,

Kumar

et al. 2022

OSCM: An Int. Journal

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The inventory policies for any product under the trade credit mechanism are influenced by the procurement price per unit and the credit period offered by the seller to the buyer. This paper develops an inventory model for the technology generations under the imprecise trade credit period and the imprecise procurement cost. It considers the demand that is credit-linked and governed by innovation diffusion as well. The imprecise nature of the parameters is captured by the use of fuzzy numbers. The trapezoidal membership function has been used to fuzzify the profit function with the imprecise parameters, and then the centroid method is used to de-fuzzify the profit. The numerical illustrations have been performed, followed by the sensitivity analysis with the launch timing of the second generation product. A few important implications for the inventory practitioners and the possible extensions of this work have also been discussed.

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Section: Introductionmentioning

confidence: 99%