Saving Concepts in Supply Chain Management: A Study on Inventory and Transportation Costs

Muhammad Khodri Harahap, Afif Zuhri and Abdul Rahim, Mohd Kamarul Irwan (2023) Saving Concepts in Supply Chain Management: A Study on Inventory and Transportation Costs. International Journal of Academic Research in Business and Social Sciences (IJARBSS), 13 (6). pp. 239-252. ISSN 2222-6990

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Abstract

Supply chain is a systematic and strategic coordination of the traditional business function to across business function within supply chain for the purpose of improving the long-term performance of the business. The objective of the paper is to understand the saving concepts are used in operational path to achieve optimization in term of cost saving. Business nowadays going towards to minimizing the operational in order to compete with others The purpose is to achieve the minimization in inventory routing problem (IRP) with cost minimization consists inventory and transportation costs focus on the single warehouse with multiple customers. The operational costs can be reduced by solving the inventory management and transportation process for vehicle to replenish the inventory. In this paper, a mathematical model was developed and simulated by using an optimization software package to achieve the optimization. The findings show that the optimization can be achieved by reducing the movement of the vehicle To conclude, the bigger the vehicle’s capacity, much capacity can add and less routes taken by the vehicle to supply the inventory to the customer

Item Type:	Article
Uncontrolled Keywords:	Saving Concepts, Supply Chain Management, Inventory, Transportation Costs
Subjects:	H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Divisions:	School of Technology Management & Logistics
Depositing User:	Mr. Izhar Hj. Hashim
Date Deposited:	23 Jan 2025 13:34
Last Modified:	23 Jan 2025 13:34
URI:	https://repo.uum.edu.my/id/eprint/31952

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