Analysis of the performance of inventory management systems using the SCOR model and Batch Deterministic and Stochastic Petri Nets

Fattah, Jamal; Ezzine, Latifa; Moussami, Haj El; Lachhab, Abdeslam

doi:10.1177/1847979016678370

Cited by 13 publications

(15 citation statements)

References 19 publications

(21 reference statements)

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“…Moreover, inventory management is indispensable for small businesses as well as for large-scale businesses. Effective inventory management can enhance the strategic competitiveness of any organization (Chopra & Meindl, 2013; Fattah et al, 2016; Hartley et al, 2002). Various companies control inventory by adopting various techniques by confirming the lowest cost and product availability (Bin-Syed et al, 2016).…”

Section: Literature Reviewmentioning

confidence: 99%

Mediation of Inventory Management in the Relationship Between Knowledge and Firm Performance

Rashid

Rasheed²

2023

Sage Open

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The role of inventory management is pivotal to improving the overall firm performance, but when it comes to the healthcare sector, then it becomes more crucial. This sector often countenances stocks-outs for life-saving drugs and equipment and competent staff that ascent the mortality rate. Thus, the current research aimed to analyze the effect of knowledge on firm performance through inventory management. For this research, a survey questionnaire with a deductive approach was utilized by collecting data from 200 respondents through multistage cluster sampling. IBM SPSS AMOS version 22.0 as a statistical tool was utilized to analyze the measurement model. Results of this research revealed a significant and positive mediation effect on the relationship between knowledge and firm performance. Finally, the results showed that the professionally well-equipped staff, accurate inventories, and stock availability improves the service quality and reduce the cost. Academicians, researchers, provincial healthcare ministries, state-funded organizations, and hospitals will all benefit from this research, which will also add to the current body of knowledge.

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Section: Literature Reviewmentioning

confidence: 99%

Mediation of Inventory Management in the Relationship Between Knowledge and Firm Performance

Rashid

Rasheed²

2023

Sage Open

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“…In this context, we present a model, proposed in [22], which allows us to evaluate the performance of the interventions of the maintenance and the supply of the spare parts. is model is based on the model proposed in [21] for the performance evaluation of the management of spare parts, which is inspired from the models presented in [5,16] and the models presented in [4,9] that deal with the performance evaluation of the maintenance. e model is presented in Figure 1, and its parameters are presented in Table 2.…”

Section: Performance Evaluation Model For the Jointmentioning

confidence: 99%

“…Using the performance indicators formalized by [5,9,16,21] and the state distribution, the performance evaluation of the modeled system is done by the analysis of the parameters' effect on the variation of the performance which depends on the parameters cited in Table 2.…”

Section: Evaluation Of the System Performance By Indicatorsmentioning

confidence: 99%

“…In the literature review of the joint management of spare parts and maintenance, the performance evaluation is rarely addressed. In this context, we have developed a model, [4] x x x [5] x x [6] x x [7] x x x [8] x [9] x x [10] x [11] x x [12] x [13] x x [14] x x x [15] x [16] x x x [17] x x x [18] x [2] x x x [19] x x [20] x x x [21] x x x [22] x…”

Section: Introductionmentioning

confidence: 99%

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Performance Indicators for Spare Parts and Maintenance Management: An Analytical Study

Bounou

Barkany

Biyaali

2020

Journal of Engineering

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A properly implemented maintenance management system has an impact at different levels. Maintenance is defined as the set of actions to maintain a property in a specified state. The unavailability of the spare parts required, to carry out the maintenance intervention, causes an extension of the inactivity time of the installation. On the contrary, an excessive stock of spare parts confines enormous capital and entails an enormous cost of ownership. According to the literature already made, we have directed in our work to propose a model of joint management of maintenance and spare parts based on stochastic-deterministic batch Petri networks. We studied this model by simulation using a graphical interface dedicated to the graphical tool used. So, we present, in this paper, the analytical study of the model by defining the performance indicators and viewing the influence of system parameters on these indicators. The main stages of the analytical study are developing the μ-marking graph, the associated Markov process which gives the associated transition matrix, and the definition of performance indicators using the probability distribution of the states. We deal with an application of the analytical evaluation of the proposed model. We end this article with an analysis and synthesis.

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“…Fattah et al [10] studied how Supply Chain Operations Reference (SCOR) model and Batch Deterministic and Stochastic Petri Nets can be utilized modeling and analyzing the performance of the inventory management system thereby providing information with respect to their behavior and how they affect other parameters. The resolution of the stochastic process associated with the warehouse management system permits for calculating the performance indicators like: average stock, average cost of stock, probability of an empty stock, and average supply and sales frequency.…”

Section: Related Workmentioning

confidence: 99%

Modelling and Simulation of Nigerian Airspace Management Agency Billing System Using Python Simulation Packages

Omolara¹,

Reginald²,

Oyedepo³

et al. 2020

AJMCM

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Revenue generation has a positive and significant effect on the growth of any business. The existing work process in Nigerian Airspace Management Agency (NAMA) billing system creates the loophole for revenue deficit. The need to enhance the billing system of this organization prompted the need for this study. Primary data were collected from NAMA station at Muritala International Airport and its corporate headquarters. The data include the process and time of attending to airlines or their agents (which includes arrival time, service time, departure time, Waiting time etc.), Six months financial statement of NAMA MMIA, Debt profile details for debtors and number of airlines attended to per day. These data formed the input for developing the SimPy model to bring together process based discrete events. Validation was done by comparing the simulated results with the real results using statistical t-test at p less than 0.05 (p<0.05). 15 airlines were considered for 5 months (assuming 30 days per month), making an average of 6 landings per day per route which represents 3 flights within a route per day. The rate is ₦7,000 per one-hour flight per route. The simulation results reveal that with the proposed model ₦23,948,044 was generated as against ₦12,486,680 of the existing system. This represents 191.788% improvement. This result is for Murhitala Muhammed International Airport (local wing) only. The python simulation package (SimPy) used, introduced approval levels for the various department, thereby ensuring no departments' function was undermined. This model is useful for Airspace management, in that it reduces deficit without any negative impact on the safety and service delivery of airlines.

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Analysis of the performance of inventory management systems using the SCOR model and Batch Deterministic and Stochastic Petri Nets

Cited by 13 publications

References 19 publications

Mediation of Inventory Management in the Relationship Between Knowledge and Firm Performance

Mediation of Inventory Management in the Relationship Between Knowledge and Firm Performance

Performance Indicators for Spare Parts and Maintenance Management: An Analytical Study

Modelling and Simulation of Nigerian Airspace Management Agency Billing System Using Python Simulation Packages

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