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124377

A FRAMEWORK FOR EVALUATING AND COMPARING INVENTORY CONTROL POLICIES IN SUPPLY CHAINS

Article

Last updated: 26 Dec 2024

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Subjects

-

Tags

Mechanical, Power, Production, Design and Mechatronics Engineering.

Abstract

Supply chains, always, face increased uncertainty in demand. For that reason, inventory control presents a critical issue of supply chain management. Controlling inventories with proper policies can enhance customer service levels, smooth production plans, and reduce operation costs. In this paper, a framework is suggested for evaluating and comparing different types of inventory control policies. Four distinct inventory control policies are discussed and modeled. Different types of measures are used to evaluate the performance of the supply chains which implement these inventory control policies; performance measures used are; fill rate, as an example of desired measures (to be increased), and inventory level, as an example of undesired measures (to be decreased). A framework for evaluating and comparing the overall performance of the inventory policy is developed and applied. A discrete event simulation with ARENA simulation package is used for developing a simplified supply chain model consists of two echelons, with one supplier that prepares and supplies raw materials to a production/inventory system, which has two different inventories, one for supplied raw materials, and the other for finished products. A numerical example is provided to illustrate the applicability of the developed framework. The applied numerical example clarified the ability of the evaluation framework to deal with different types of inventory control policies, and different practice scenarios.

DOI

10.21608/jesaun.2010.124377

Keywords

Supply chain management, Simulation, Inventory control, Continuous Review, periodic review

Authors

First Name

Mohammad

Last Name

Abd El-Aal

MiddleName

-

Affiliation

Mechanical Engineering Department, Faculty of Engineering, Assiut University, 71516 Assiut

Email

-

City

-

Orcid

-

First Name

Mahmoud A.

Last Name

El-Sharief

MiddleName

-

Affiliation

Mechanical Engineering Department, Faculty of Engineering, Assiut University, 71516 Assiut

Email

msharif@assiut.edu.eg

City

-

Orcid

-

First Name

Ahmed Ezz

Last Name

El-Deen

MiddleName

-

Affiliation

Mechanical Engineering Department, Faculty of Engineering, Assiut University, 71516 Assiut

Email

-

City

-

Orcid

-

First Name

Abo-Bakr

Last Name

Nassr

MiddleName

-

Affiliation

Mechanical Engineering Department, Faculty of Engineering, Assiut University, 71516 Assiut

Email

-

City

-

Orcid

-

Volume

38

Article Issue

No 2

Related Issue

16739

Issue Date

2010-03-01

Receive Date

2009-11-01

Publish Date

2010-03-01

Page Start

449

Page End

465

Print ISSN

1687-0530

Online ISSN

2356-8550

Article File

JESAUN_Volume 38_Issue No 2_Pages 449-465.pdf

PDF . 457.3kB

Link

https://jesaun.journals.ekb.eg/article_124377.html

Detail API

https://jesaun.journals.ekb.eg/service?article_code=124377

Order

8

Type

Research Paper

Type Code

1,438

Publication Type

Journal

Publication Title

JES. Journal of Engineering Sciences

Publication Link

https://jesaun.journals.ekb.eg/

MainTitle

A FRAMEWORK FOR EVALUATING AND COMPARING INVENTORY CONTROL POLICIES IN SUPPLY CHAINS

Details

Type

Article

Created At

23 Jan 2023