• IE interfaces
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• v.21 no.3
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• pp.343-353
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• 2008

Vendor-managed inventory(VMI) is a supply chain strategy to improve the inventory turnover and customer service in supply chain management. Unfortunately, many VMI programs fail because they simply transfer the transactional aspects of placing replenishment orders from customer to vendor. In fact, such VMI programs often degrade supply chain performance because vendors lack capability to plan the VMI operations effectively in an integrated way under the dynamic, complex, and stochastic VMI supply chain environment. This paper presents a decision support system, termed DSSV, for VMI in the retail supply chain. DSSV supports the market forecasting, vendor's production planning, retailer's inventory replenishment planning, vehicle routing, determination of the system operating parameter values, retailer's purchase price decision, and what-if analysis. The potential benefits of DSSV include the provision of guidance, solution, and simulation environment for enterprises to reduce risks for their VMI supply chain operations.

• The Journal of the Institute of Internet, Broadcasting and Communication
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• v.18 no.5
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• pp.237-244
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• 2018

The Smart Factory level of manufacturing factories of SMEs now lacks a system for grasping the accurate inventory amount associated with inventory movements in managing warehouses at the basic level. Also, it is difficult to manage accurate materials for loss of data due to worker manual work and production method due to experience. In order to solve this problem, in this paper, automatic acquisition of inventory to minimize manual work to grasp workers' Inventory and improve automation is done. In the smart warehouse management system using the IoT-based autonomous mobile module, the autonomous mobile module acquires the data of the inventory storage while moving through the line. In order to grasp the material of the Inventory storage, The Camera module recognizes the name of the inventory storage. And Then, If output matches, the data measured by the sensor is transferred to the server. This data can be processed, saved in a database, and real-time inventory quantity and location can be grasped in a web-based monitoring environment for administrators. The Real-time Automatic Inventory (RAIC) systems is reduce manual tasks and expect the effects of automated inventory management systems.

• International Journal of Advanced Culture Technology
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• v.3 no.2
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• pp.1-14
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• 2015

The purpose of this paper is to reveal two problems in the existing inventory systems in retail market, and to suggest a Two-Bin System under Automatic Ordering System considering only base-stock. Large retailers already have a sophisticated inventory system based on an automatic ordering principle. However, why does the out-of-stock (OOS) happen in large discount stores in spite of having a good inventory system? This paper suggests two systems after finding the root causes concerning the previous question. For evaluating the performance of each system, the random 200 data set in each sample group was generated from MINITAB 16 and obeyed the Poisson distribution. The existing inventory system in retail market cannot help generating OOS due to indwelling contradiction in itself. The reasons are the ordering deadline and the relationship between ordering quantity and base stock. This paper also demonstrates that these previous studies on inventory fall into the closed loop. Also the paper shows that the performance of the replenishment policy was better than traditional methods dealing with ordering quantity and base stock.

• Journal of the Korea Society for Simulation
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• v.21 no.3
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• pp.25-33
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• 2012

Ptak & Smith published ORLICKY'S Material Requirement Planning Third Edition in 2011 to correspond the rapidly changed market demand by improving the original MRP based on Theory of Constraints(TOC) replenishment inventory management. This study is to develop the simulation model to decide the proper target inventory level for TOC replenishment inventory management using system dynamics Vensim software. This study shows that the proper target replenishment level is how much significant to manage the inventory by the random sample data simulation. This simulation model will be extended to compare the results of the TOC replenishment inventory management planning with the results of the old MRP planning by the enterprise actual inventory data.

• Journal of Internet of Things and Convergence
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• v.2 no.4
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• pp.27-34
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• 2016

In this paper, we designed and implemented a system to easily check and manage book inventory using web and Android mobile device. In the previous conventional method, the user visits the bookstore directly and then checks the inventory. However, in this case, the user accessibility is inconvenient, and it is troublesome to check or reconfirm the inventory. In order to solve these inconveniences, we provide book inventory management system for requesting book purchase and inquiring bulletin board by book field, and then providing real time inventory check with book application and purchase functions. In addition, through the push notification function, we can catch up with the purchase status of the ordered books on the web and Android mobile device in real time. Therefore, we designed and implemented a function that enables bookstore operators and users to easily and conveniently manage by providing statistical information on inventory data.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.23 no.58
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• pp.101-111
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• 2000

This study uses financial statements on several hundred companies listed in the Korea Stock Market to analyze trends in inventory turnover ratios and examine the effect of inventory performance on the profitability of the companies. Statistical analyses are done to determine if there have been significant changes in inventory turnover ratios and how turnover ratio pattern varied by factors such as industry, size of the firm, and the effectiveness of previous inventory management. Inventory turnover ratios decreased for four consecutive years and were found to vary by industry. Also it is proved that there was statistically significant relationship between the size of the firm and the average level of inventory as a fraction of sales. Regression analysis is done to investigate the relationship between the inventory management performance and profitability of companies and it is found that improvement in inventory level affected profitability of the companies.

• Journal of information and communication convergence engineering
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• v.19 no.4
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• pp.221-227
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• 2021

An early warning system was developed to help identify stock status as early as possible. For performance to improve, there needs to be a feature to predict the amount of stock that must be provided and a feature to estimate when to buy goods. This research was conducted to improve the inventory early warning system and optimize the Reminder Block's performance in minimum stock settings. The models used in this study are the single exponential smoothing (SES) method for prediction and the economic order quantity (EOQ) model for determining the quantity. The research was conducted by analyzing the Reminder Block in the early warning system, identifying data needs, and implementing the SES and EOQ mathematical models into the Reminder Block. This research proposes a new Reminder Block that has been added to the SES and EOQ models. It is hoped that this study will help in obtaining accurate information about the time and quantity of repurchases for efficient inventory management.

• Journal of the Korean Operations Research and Management Science Society
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• v.15 no.1
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• pp.63-72
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• 1990

This problem in this paper concerns the determination of safety stock for multi-echelon invenetory system. In this model the criterion is to minimize system safety stock subject to a service level constraint and expected annual total cost. Then, safety stock is determined by minimizing expected annual total cost and satisfying given service level. This expected annual total cost is obtained by expected total inventory holding cost plus the expected total stockout cost. Numerical example is given in a three-echelon inventory system. The results obtained by the use of the Hill Algorithm.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.30 no.3
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• pp.20-27
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• 2007

A company establishes a sale strategy through the inventory to set the purchasing requisite of the customer in a global company environment. And a sale company can become the reason of a sale opportunity loss because of a customer satisfaction rate if it does not have the all thing to want a purchasing company in a business-to-business. This paper analyzes the association relation of the goods which the customer orders. And we use a datamining technique for an association analysis of goods. The result of such analysis enhances the ability to get the orders of customer and may minimize a sale opportunity loss. We present a case of the 'D' company inventory management system, in order to verify the effect of the proposal system.

• Proceedings of the Korean Operations and Management Science Society Conference
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• 1997.10a
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• pp.117-120
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• 1997

In this paper, we analyze Inventory Strategy of our country middle-small Company which are ordered form large Company which product using JIT(just in time) System. Until now, we have not found a good inventory strategy for middle small Company which such like above. In this paper, we first simply survey product lead time, lot size and safety inventory in continuous product system which idea can be adapted our object. We try to mathematical modelling of product lead time, total inventory cost of bur country middle-small Company. We suggest inventory strategy for middle-small Company.