Case Study on Inventory Management Improvement

Plinere, Darya; Borisov, Arkady

doi:10.1515/itms-2015-0014

Cited by 15 publications

(12 citation statements)

References 0 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…, 2021d). The present study in line with previous study (Plinere and Borisov, 2015; Song et al. , 2019) toward advocating the importance of capacity utilization.…”

Section: Discussionsupporting

confidence: 92%

“…Thus, maximizing resource utilization is critical toward sustaining competitive advantage (Panigrahi et al, 2021d). The present study in line with previous study (Plinere and Borisov, 2015;Song et al, 2019) toward advocating the importance of capacity utilization. IA and has an impact on the manufacturing firms' performances as per the earlier literature (Guide, 2019;Muchaendepi et al, 2019;Panigrahi et al, 2019Panigrahi et al, , 2021b.…”

Section: Discussionsupporting

confidence: 92%

See 1 more Smart Citation

Management of inventory for firms’ efficiency – a study on steel manufacturing industry

Panigrahi

Mishra²,

Samantaray

et al. 2022

JAMR

View full text Add to dashboard Cite

PurposeThe purchase is becoming a more difficult cum tactical decision that affects the cost factor, quality factor, time factor and responsive factor of the buy and maintains them. The purpose of this study is to investigate the effect of inventory management (IM) practices on operational efficiencies (OEs) in Indian steel manufacturing firms.Design/methodology/approachThe study is based on a quantitative research design that has collected information from 321 key officials of Indian steel manufacturing firms. The analyses are carried out with the use of statistical techniques such as confirmatory factor analysis and structural equation modeling (SEM).FindingsThe paper finds that inventory management (IE) has a considerable impact on the OE of steel manufacturing firms in India. The manufacturing industry must highlight the significance of inventory management practice (IMP) for enhancing firm efficiencies in a volatile environment with the help of management teams. Understanding the impact of IE practices on firms’ OE would be helpful for company shareholders and investors.Practical implicationsThe paper suggests the manufacturing industry to emphasize the role of inventory management practices to have better productivity of the firm. This research focuses on the relationship between IMP and OE.Social implicationsEffective and efficient use of inventory will be helpful in reducing the overall cost of production and reduced costs to customers.Originality/valueCompanies require resources to attain a long-term competitive edge. Also, as a consequence, the research is compatible with resource-based view (RBV) theory.

show abstract

“…, 2021d). The present study in line with previous study (Plinere and Borisov, 2015; Song et al. , 2019) toward advocating the importance of capacity utilization.…”

Section: Discussionsupporting

confidence: 92%

Section: Discussionsupporting

confidence: 92%

Management of inventory for firms’ efficiency – a study on steel manufacturing industry

Panigrahi

Mishra²,

Samantaray

et al. 2022

JAMR

View full text Add to dashboard Cite

show abstract

“…Similarly, Vrat [123] defines inventory as component parts, raw materials, WIP (workin-process), or finished products held at a specific location (a warehouse) in the supply chain. Both authors, as well as Plinere and Borisov [92], listed inventory types that included the following: 1) raw materials, work-in-process, transit, finished goods, buffer (safety stocks), decoupling (contingencies stock), anticipation (speculation inventory), and cycle (business's standing inventory), etc. These inventories differ from one organisational sector to another.…”

Section: Literature Reviewmentioning

confidence: 99%

Inventory Management Concepts and Implementations: A Systematic Review

Munyaka

Yadavalli

2022

SAJIE

View full text Add to dashboard Cite

Inventory is a central management function. It is a cornerstone of supply chain management and logistics in the material management system. Depending on the organisational objectives, inventories in warehouses may be needed to fulfil customer or humanitarian demands. Controlling inventory is critical to operational success and organisational performance. This research reviews inventory management concepts and implementations in the face of increasingly demanding human need. Demand is a critical variable in the inventory control system, and its characteristics affect inventory treatment. Important demand characteristics include its level of certainty, which could be deterministic (i.e., known with certainty) or stochastic/Bayesian (i.e., known but uncertain), and its structural dependency (i.e., independent or dependent). This review considers the deterministic independent and dependent natures of demand and their respective impact on inventory management in operations Keywords Inventory Management, Decision Making process, Supply Chain Management, Deterministic demand model, Independent inventory demand, Dependent Inventory demand,

show abstract

“…Un subproceso a estudiar será la gestión del inventario, este un problema ya que es una área difícil en la gestión de la cadena de suministro porque las empresas necesitan tener inventarios en los depósitos con el fin de satisfacer la demanda del cliente, también consiste en encontrar la cantidad de inventarios que satisfarán la demanda, evitando los excesos de existencias, Plinere, D., & Borisov, A. (2015), es por ello que el mantenimiento de un nivel adecuado de inventario es una cuestión clave para el rendimiento operativo de las empresas.…”

Section: Inventariosunclassified

“…Si alguien retira algo de una ubicación de existencias, se debe asegurar que es registrado en el sistema. Si alguien vuelve a ordenar y luego rellena un artículo, asegúrese de que haya grabado en el sistema, Heisler, E. (2015) por otro lado, las razones por las que es necesaria tener inventarios son para satisfacer la demanda prevista; suavizar las necesidades de servicio; evitar la falta de existencias; aprovechar los ciclos de orden y protegerse contra los aumentos de precios o aprovechar los descuentos por volumen, Plinere, D., & Borisov, A. (2015) además Khader, S., Rekik, Y., Botta-Genoulaz, V., & Campagne, J.…”

Section: Inventariosunclassified

Propuesta de un modelo para la gestión logística aplicado para las MYPES del sector hotelero en Lima Metropolitana

Barrueto¹,

Jauregui²

View full text Add to dashboard Cite

Case Study on Inventory Management Improvement

Cited by 15 publications

References 0 publications

Management of inventory for firms’ efficiency – a study on steel manufacturing industry

Management of inventory for firms’ efficiency – a study on steel manufacturing industry

Inventory Management Concepts and Implementations: A Systematic Review

Propuesta de un modelo para la gestión logística aplicado para las MYPES del sector hotelero en Lima Metropolitana

Contact Info

Product

Resources

About