Enhancing Vendor Managed Inventory with the Application of Blockchain Technology

Ganesan, Santhosh; Wicaksono, Hendro; Valilai, Omid Fatahi

doi:10.1007/978-3-031-16281-7_26

Cited by 3 publications

(3 citation statements)

References 25 publications

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“…The challenges at hand are attributed to factors such as demand forecasting accuracy [23,24], lead time variability [25,26], supplier reliability [27][28][29], and seasonality [30,31]. The implementation of sophisticated inventory management strategies, such as just-intime (JIT) and vendor-managed inventory (VMI), in conjunction with effective demand forecasting, can effectively mitigate these obstacles and optimize inventory levels [32][33][34][35].…”

Section: Literature Review 21 An Overview Of the Logistical Challenge...mentioning

confidence: 99%

Examination of Logistics Simulation Demand Related to Enterprises: Focusing on a Hungarian County

Szabó,

Kása

2024

Logistics

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Background: Despite the fact that some results can be found for the logistics simulation in the literature, there is a lack of an experiment based on inner company data. Therefore, the study aimed to determine the potential need for this kind of solution by Zala County enterprises. Methods: As a first step, the paper presents the existing literature with the help of a literature review. Afterwards, questionnaire sampling was conducted among local enterprises. The paper applies several statistical methods (e.g., descriptive statistics, SPSS, exploratory factor analysis, and structural equation modeling) to the sample for the validation of the reorganization demand. Results: The study obtained a total of 147 complete responses from the 1022 invitations. An overwhelming majority of the respondents indicated regular and significant delays in their logistics processes, as well as the need for a new simulation method. Based on the SEM model, it has been observed that IT solutions are being utilized in an inefficient manner, resulting in logistical system issues and operational damages. Conclusion: The paper successfully identified a research gap, the research of which can have not only theoretical but also many practical benefits. Hopefully, the results will generate other academic research in this field.

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Section: Literature Review 21 An Overview Of the Logistical Challenge...mentioning

confidence: 99%

Examination of Logistics Simulation Demand Related to Enterprises: Focusing on a Hungarian County

Szabó,

Kása

2024

Logistics

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“…The way a vendor operates differs based on the type of vendor since different kinds of suppliers play distinct functions in the supply chain process. Here is the typical transaction between a manufacturer or wholesaler as the seller and a store as the buyer (Ganesan, S., Wicaksono, H., & Fatahi Valilai, O. (2023)).…”

Section: Vendorsmentioning

confidence: 99%

Government Regulations for Standardizing Riders Way of Working and also Providing more Earning Opportunities for Them

Younus,

Nurmandi,

Minhas

et al. 2023

IJBAE

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The researchers wrote this article to make the government realize the criticality of the problems in the logistics sector's way of handling riders and to give a clear understanding of the issue. The goal is to standardize riders' ways of working through government regulations and guidelines. Thus, we will begin with the challenges currently facing riders in detail and context and then provide ways to standardize the procedure and reduce the issue. Finally, we will discuss ways to give riders more ways to earn so they can increase their basic salary without being overworked and create new business models that can boost the economy by providing unique employment opportunities.

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“…Vendor Managed Inventory (VMI) is an inventory management approach where the supplier takes charge of inventory and delivery planning, using their knowledge of customer needs to prevent shortages and optimize stock levels [15]. Numerous prior studies utilizing Vendor Managed Inventory (VMI) have effectively addressed a range of inventory-related challenges, such as the implementation of the healthcare supply location-inventory-routing problem [16], implementation in the retail industry [17], implementation of VMI combined with block chain technology [18]. Building upon previous research that employed the VMI method, research about replenishment systems in fastmoving consumer goods companies still needs to be improved, especially for recycled PET vendors.…”

Section: Introductionmentioning

confidence: 99%

Vendor Managed Inventory (VMI) Implementation in Recycled PET Preform for The Beverage Industry

Ivander

2024

IOP Conf. Ser.: Earth Environ. Sci.

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The beverage industry is a company that is focused on producing mineral water in Polyethylene Terephthalate (PET) bottles. PET bottles serve as the primary packaging choice in the beverage industry, making the use of preforms as a material for bottles unavoidable. On the other hand, the public is more aware of using sustainable materials. Adapting market awareness, the company shifted from virgin material to recycled material. Due to the significant initial investment, the company has decided on a single supplier strategy for recycled PET preform suppliers. This policy forces the company to manage the supplier to meet the company’s delivery accomplishment target. Currently, in the management of beverage found in the industry, the supplier only reaches 50% of delivery accomplishments, whereas the company target is 90%. The beverage industry strived for a revolution, so the company’s target was achieved. The vendor managed inventory method is implemented in this study to create a new revolution for PET preform suppliers, a new replenishment system. After the implementation of Vendor Managed Inventory (VMI), there has been an improvement, reaching 95% in delivery accomplishment. The adoption of vendor managed inventory ensures the attainment of the company’s objectives.

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Enhancing Vendor Managed Inventory with the Application of Blockchain Technology

Cited by 3 publications

References 25 publications

Examination of Logistics Simulation Demand Related to Enterprises: Focusing on a Hungarian County

Examination of Logistics Simulation Demand Related to Enterprises: Focusing on a Hungarian County

Government Regulations for Standardizing Riders Way of Working and also Providing more Earning Opportunities for Them

Vendor Managed Inventory (VMI) Implementation in Recycled PET Preform for The Beverage Industry

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