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Keyword: Inventory management
Inventory Management Practices during COVID 19 Pandemic to Maintain Liquidity Increasing Customer Service level in an Industrial Products Company in Mexico
This work presents the development and improvement obtained by implementing inventory managing practices during the COVID 19 pandemic in a Mexican company, a leader in the industrial sector to overcome the effects on the Company’s economies due to constrained market to maintain liquidity and preserve employment by increasing customer service level ensuring the availability of…
Read More Green Inventory Supply Chain Model with Inflation under Permissible Delay in Finite Planning Horizon
Trade credit is an important cost reduction tool in the inventory management. The effect of trade credit is studied on the integrated system for sharing the cost benefits realized due to the permissible delay. Credit term factor is introduced to divide the cost benefits between the retailer and the supplier. The various costs in the…
Read More Assessment of the Quality and Sustainability Implications of FIFO and LIFO Inventory Policies through System Dynamics
Perishable inventory management contributes simultaneously to society and the economy, by reducing food wastage and capitalizing on the freshness of goods. For this reason, countless mathematical models have been developed for their effectiveness and cost-efficient management. Yet, the majority of these models can only optimize systems for a limited time frame, allowing for small gains…
Read More An efficient model to improve the performance of platelet inventory of the blood banks
Platelet transfusions are vital for the prevention of fatal hemorrhage. Therefore, a stable inventory of platelets is required for an efficient and effective delivery of services in all the hospitals and medical centers. However, over the past decades, the requirement for platelets seems to be continuously increasing, while the number of potential donors is decreasing.…
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