An applied model for improving inventory management in ERP systems-Reference-Cited by-同舟云学术

An applied model for improving inventory management in ERP systems

Published:2003-04-01 Issue:2 Volume:16 Page:114-124
ISSN:0957-6053
Container-title:Logistics Information Management
language:en
Short-container-title:

Author:

Razi Muhammad A.,Tarn J. Michael

Abstract

Enterprise resource planning (ERP) systems provide functions to calculate safety stock (SS), make demand forecast and determine reorder point (ROP) for each item contained in the database based on the item’s demand history. Most ERP systems are ill‐equipped to deal with the demand of slow moving items such as spare parts. Based on data from a Fortune 500 company, presents the development and evaluation of a spare parts inventory control model. Compares the proposed model with the results achieved using the forecasting and inventory management modules of a popular ERP system. Tested with computer simulation, the proposed model significantly outperforms the commercial ERP model on both measures of service level and expected total annual cost.

Publisher

Emerald

Subject

General Energy

Reference32 articles.

1. Archibald, B.C. and Silver, E.A. (1978), “(s, S) policies under continuous review and discrete compound Poisson demand”, Management Science, Vol. 24, pp. 899‐904.

2. Argon, N.T., Gulu, R. and Erkip, N. (2001), “Analysis of an inventory system under backorder correlated deterministic demand and geometric supply process”, International Journal of Production Economics, Vol. 71 No. 1‐3, pp. 247‐54.

3. Bagchi, U., Hayya, J.C. and Chu, C.H. (1986), “The effect of lead‐time variability: the case of independent demand”, Journal of Operations Management, Vol. 6 No. 2, pp. 159‐77.

4. Bartakke, M.N. (1981), “A method of spare parts inventory planning”, Omega, Vol. 9 No. 1, pp. 51‐8.

5. Chiang, C. (2001), “A note on optimal policies for a periodic inventory system with emergency orders”, Computers and Operations Research, Vol. 28 No. 2, pp. 93‐103.

Cited by 20 articles. 订阅此论文施引文献订阅此论文施引文献，注册后可以免费订阅5篇论文的施引文献，订阅后可以查看论文全部施引文献

1. Understanding the impact of technology investments on financial performance among Latin American supply chains;The International Journal of Logistics Management;2024-06-17

2. Impact of material management techniques on construction project performance using ERP software: A state of art review;MACHINE LEARNING AND INFORMATION PROCESSING: PROCEEDINGS OF ICMLIP 2023;2023

3. Economic measuring of losses derived from inventory management at an oil refinery;International Journal of Productivity and Performance Management;2020-08-17

4. Logistics Improvement by Investment in Information Technology Using System Dynamics;Advances in System Dynamics and Control;2018

5. Spare Parts Inventory Management Literature and Direction Towards the Use of Data Mining Technique;Handbook of Research on Promoting Business Process Improvement Through Inventory Control Techniques;2018