Academic literature on the topic 'Supply chain management; Inventory control; Economic order Quantity'

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Journal articles on the topic "Supply chain management; Inventory control; Economic order Quantity"

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Ashok, Singh Sunhal*1 &. Dharamvir Mangal2. "ANALYSIS OF INVENTORY MANAGEMENT IN A SUPPLY CHAIN BY USING ECONOMIC ORDER QUANTITY (EOQ) MODEL." INTERNATIONAL JOURNAL OF ENGINEERING SCIENCES & RESEARCH TECHNOLOGY 6, no. 10 (2017): 303–9. https://doi.org/10.5281/zenodo.1012527.

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The management of supply chain and the role and responsibilities of various persons involved varies from industry to industry. Due to which supply chain management has become a vital issue for manufacturing organizations, professionals and researchers. The ultimate aim of supply chain management is to satisfy the customer at optimum cost. Due to globalization, liberalization and advancement in new technologies supply chain has become more complex, more global and a more critical business function than ever before. In this work EOQ is determined by the junction of Ordering Cost curve and carryi
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Peng, Guo Jian, Guo Min Chen, Gang Chen, and Ze Hua Liu. "An Optimization Discusses of College Teaching Material Inventory Based on Supply Chain Management." Applied Mechanics and Materials 268-270 (December 2012): 2066–70. http://dx.doi.org/10.4028/www.scientific.net/amm.268-270.2066.

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This article investigate the structural form and process of college textbook supply chain in detail, and find out the matters of college textbook inventory under the Supply Chain Management on the base of Supply Chain Management, inventory control, inventory optimization and Economic batch theory. According to that problem, this article put forward a college teaching material inventory optimization model based on Fixed Order Quantity and fixed kickback rate, which is compared with the supply of university teaching characteristics and economic batch basic model, and to optimize inventory strate
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Sharma, Animesh Kumar. "A Comparative Analysis of Inventory Models: Evaluating the Economic Order Quantity (EOQ) Model with Constant Demand versus Variable Demand Rates." Journal of Ravishankar University (PART-B) 38, no. 1 (2025): 61–66. https://doi.org/10.52228/jrub.2025-38-1-4.

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Inventory control management remains a cornerstone of operational efficiency in modern supply chain systems. This study explores the Economic Order Quantity (EOQ) model, a foundational inventory control technique, by comparing its application under two distinct demand scenarios: constant and variable demand rates. This research highlights how demand variability influences optimal order quantities, total inventory costs, and decision-making processes through a detailed theoretical framework, mathematical analysis, and practical implications. From recent literature in operations research and sup
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Jahroni and Moh Muksin. "Economic Order Quantity (EOQ) Application to Raw Material Inventory Control for SME's." Community Service Journal (CSJ) 5, no. 2 (2023): 88–98. http://dx.doi.org/10.22225/csj.5.2.2023.88-98.

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The application of the Economic Order Quantity (EOQ) method in managing raw material supplies for Pempek Isti, a micro, small, and medium enterprise (MSME) specializing in Palembang's culinary specialty, Pempek. The study reveals that the current raw material supply management is inefficient, leading to frequent shortages or excess orders, resulting in additional costs and inefficiencies. To tackle this issue, the study proposes the implementation of the EOQ analysis to minimize inventory costs and maximize profits. The research focuses on determining the optimal order quantities for three key
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Iyadunni Adewola Olaleye, Chukwunweike Mokogwu, Amarachi Queen Olufemi-Phillips, and Titilope Tosin Adewale. "Enhancing economic stability and efficiency through strategic inventory control innovations." International Journal of Advanced Economics 6, no. 12 (2024): 747–59. https://doi.org/10.51594/ijae.v6i12.1750.

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Strategic inventory control plays a pivotal role in enhancing economic stability and operational efficiency in modern economies. This paper explores foundational inventory management theories, including Just-In-Time (JIT), Economic Order Quantity (EOQ), and ABC analysis, highlighting their significance in addressing challenges such as demand variability, supply chain disruptions, and cost optimization. Building on these principles, the paper examines recent innovations in inventory control, including automation, artificial intelligence, blockchain technology, and sustainable practices, which h
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Hu, Weixuan, and Pianpian Cheng. "W Company's Supply Chain Network Restructuring and Inventory Control Optimization Research." Journal of Business and Marketing 1, no. 4 (2024): 16–23. https://doi.org/10.62517/jbm.202409403.

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The paper analyzes and optimizes the supply chain network and inventory management of W Company, improves the operational efficiency and reduces costs, and provides reference for the supply chain network reconstruction and inventory control optimization under the complex economic environment. In the process of constructing the supply chain network optimization model of W Company, this paper integrated 2,316 shipping records and 100,645 customer order data to ensure that the fulfillment of each order can be accurately tracked. By matching the quantity of products and services in the shipping re
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Kartikasari, Maya Andini. "Material Planning and Inventory Control in the Nutrition Service Unit at Ummi Hospital Bogor." Jurnal Logistik Indonesia 8, no. 1 (2024): 55–62. http://dx.doi.org/10.31334/logistik.v8i1.3857.

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Inventory management is a critical component of supply chain management that involves the planning, controlling, and overseeing of inventory levels to ensure the availability of materials while minimising costs. Proper inventory management ensures that essential food supplies are always available, allowing the hospital to provide consistent and varied meal options tailored to patient needs. Effective inventory management also ensures that there are no disruptions in meal service due to stockouts and avoids the capital and storage issues related to overstocking. This study aims to provide solut
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Kakade, Saurabh Laxman. "Inventory Management in Pharmaceutical Industry." INTERANTIONAL JOURNAL OF SCIENTIFIC RESEARCH IN ENGINEERING AND MANAGEMENT 08, no. 04 (2024): 1–5. http://dx.doi.org/10.55041/ijsrem30239.

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This research paper explores the intricacies of managing inventories of medicines in the pharmaceutical industry, focusing on meeting the healthcare needs of both humans and animals. Through a comprehensive review of existing literature and analysis of real-world case studies, this paper identifies key challenges, strategies, and best practices associated with pharmaceutical inventory management. The literature review reveals the complexities of inventory management in the pharmaceutical sector, including demand variability, regulatory compliance, and the need for precise temperature control f
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Oluwatumininu Anne Ajayi. "Optimizing inventory management through reinforcement learning." International Journal of Science and Research Archive 8, no. 1 (2023): 1110–16. https://doi.org/10.30574/ijsra.2023.8.1.0137.

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Inventory management remains a cornerstone of effective supply chain performance, directly influencing cost efficiency, service quality, and organizational agility. In today’s hypercompetitive and uncertain market environment, inventory decisions must account for complex variables such as fluctuating demand, supply disruptions, lead time variability, and market seasonality. Traditional inventory control models such as the Economic Order Quantity (EOQ), base-stock policies, and (s, S) strategies are often static in nature. They rely on pre-defined parameters and assume stationarity in demand an
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Rizky, Faisal Nugraha, and Eng. Mursyid Hasan Basri S. T. M. T. Dr. "Analysis of Inventory Management System at Pharmacy of XYZ Hospital." International Journal of Current Science Research and Review 07, no. 07 (2024): 5716–34. https://doi.org/10.5281/zenodo.13132809.

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Abstract : This research examines inventory management at the XYZ Hospital Pharmacy Installation in Bandung, with a special focus on medicines and medical devices. The background to this research is the significant increase in health costs and the importance of effective supply chain management to reduce unnecessary costs. Based on monthly stock and daily sales data from October 2023 to February 2024, this research uses quantitative methods to calculate optimal inventory levels, including Economic Order Quantity (EOQ), safety stock, and reorder point (ROP). This research also applies ABC analy
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Books on the topic "Supply chain management; Inventory control; Economic order Quantity"

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Office, General Accounting. Navy supply: Economic order quantity and item essentiality need more consideration : report to the Secretary of the Navy. The Office, 1987.

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Book chapters on the topic "Supply chain management; Inventory control; Economic order Quantity"

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Barron, Yonit. "Fluid Inventory Models under Markovian Environment." In Logistics Engineering [Working Title]. IntechOpen, 2022. http://dx.doi.org/10.5772/intechopen.104183.

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Today’s products are subject to fast changes due to market conditions, short life cycles, and technological advances. Thus, an important problem in inventory planning is how to effectively manage the inventory control in a dynamic and stochastic environment. The traditional Economic Order Quantity (EOQ) and Economic Production Quantity (EPQ) both are widely and successfully used models of inventory management. However, both models assume constant and fixed parameters over time. Unfortunately, most of these assumptions are unrealistic. In this study, we generalize the EOQ and EPQ models and stu
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Smith, Alan D. "JIT Inventory Management Strategy." In Advances in Library and Information Science. IGI Global, 2019. http://dx.doi.org/10.4018/978-1-5225-9531-1.ch005.

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Implementing a just-in-time (JIT) inventory management strategy seems to be the latest hot topic in the business world, particularly in manufacturing industries. In today's competitive supply chain environment, more and more companies are either adopting JIT methodology or at least beginning to research and understand how JIT would affect their business. But what exactly is JIT? Many companies may be already putting into practice some of the concepts of JIT – such as looking at always improving or trying to reduce waste in terms of product or labor steps. Some companies may be fully ready to e
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Jing You, Tang, and Nabilah Filzah Mohd Radzuan. "INVENTORY MANAGEMENT SYSTEM FOR SSM COMPANY." In Emerging Technologies During the Era of Covid-19 Pandemic. PENERBIT UNIVERSITI MALAYSIA PAHANG, 2023. http://dx.doi.org/10.15282/pandemic.2023.07.

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Suruhanjaya Syarikat Malaysia (SSM) is a statutory body vested with the power to regulate and oversee corporate and business affairs in Malaysia. Formed in 2002, SSM fulfils its function as the leading authority for improving corporate governance by ensuring compliance with business registration and corporate legislation through comprehensive enforcement and monitoring activities in order to maintain positive developments in the nation's corporate and business sectors. Therefore, this study aims to develop an online website called Inventory Management System to manage the inventory system of S
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