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Measuring the impact of inventory control practices: A conceptual framework


Radzuan, Kamaruddin and Othman, Abdul Aziz and Anuar, Herman Shah and Osman, Wan Nadzri (2014) Measuring the impact of inventory control practices: A conceptual framework. In: 4th International Conference on Technology and Operations Management (ICTOM04), 18-19 August 2014, Kuala Lumpur, Malaysia.

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Abstract

Inventory control provides method to manage the flow of materials or goods in the supply chain. Since controlling inventory is not the only mechanism to ensure an adequate inventory levels, it is also able to reduce inventory related cost. The manufacturing sector holds large inventories with quite complicated process and policy related to inventory control, especially when involving external party whether they are supplier or customer The manufacturing companies always confront with issues related to inventory management, which includes bullwhip effect on demand, increase of inventory cost, late delivery, and inventory shortage. Therefore, a key challenge for manufacturing company is to determine how to control the inventory flows effectively as to get the best overall inventory performance. Since inventory control manages to cover a wide range of aspects, it is chosen to focus on specific element such as inventory monitoring and ordering; control limits; and replenishment decisions.Lacking of an inventory control practices that normally occurred among manufacturing companies had lead this paper to propose a framework on inventory control practices to acquire that knowledge.

Item Type: Conference or Workshop Item (Paper)
Additional Information: Organized by: School of Technology Management and Logistics, Universiti Utara Malaysia, Prince of Songkla Universiti (PSU) & Institut Teknologi Bandung (ITB)
Uncontrolled Keywords: inventory control practices, inventory performance, manufacturing company
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Divisions: School of Technology Management & Logistics
Depositing User: Mr. Kamaruddin Radzuan
Date Deposited: 25 Oct 2015 04:23
Last Modified: 18 Apr 2016 06:10
URI: http://repo.uum.edu.my/id/eprint/15967

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