Achieving cost efficiency through increased inventory leanness: Evidences from oriented strand board (OSB) industry

Tasdemir, Cagatay; Hızıroǧlu, Salim

doi:10.1016/j.ijpe.2018.12.017

Cited by 27 publications

(18 citation statements)

References 42 publications

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“…Value Stream Mapping has several definite features that makes it special and important for lean manufacturing compared to other mapping techniques. As an example, apart from managing the manufacturing process, VSM also enhances the whole manufacturing system by creating a holistic view of it [13,14].…”

Section: Related Workmentioning

confidence: 99%

Determination of Process Variability by Using Triangular Fuzzy Number to Minimize Production Lead Time in a Dynamic Value Stream Mapping

Thulasi

Faieza²,

Azfanizam³

et al. 2023

AEJ

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This paper shows the incorporation of Value Stream Mapping (VSM) with triangular fuzzy numbers to determine variability and uncertainty in a conveyor manufacturing company. VSM is a pen and paper tool which is used to indicate wastes and bottleneck processes graphically and develop an action plan to enhance the production line. However, some weaknesses are identified in the conventional VSM where it fails to consider variability in a dynamic manufacturing environment. As such, this paper fills up the research gap by using Triangular Fuzzy Number (TFN) to illustrate time intervals, inventories and other variables of VSM operation. The purpose of this paper is to minimize total production lead time (TPLT) and total value-added time (TVAT) in the current value stream of the conveyor chain. More accurate details of variability in the dynamic manufacturing environment can be illustrated by a Triangular Fuzzy Number (TFN) of VSM. As a result, the future value stream map shows 50% and 22% reduction in TPLT and TVAT respectively compared to the current value stream. In conclusion, this paper also recommends that in order to optimize the accuracy of VSM analysis further, a discrete event simulation can be used to examine the fuzzy VSM.

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Section: Related Workmentioning

confidence: 99%

Determination of Process Variability by Using Triangular Fuzzy Number to Minimize Production Lead Time in a Dynamic Value Stream Mapping

Thulasi

Faieza²,

Azfanizam³

et al. 2023

AEJ

View full text Add to dashboard Cite

show abstract

“…In the twenty-first century, manufacture shifted from mass production to flexible production. After industrialization, inventory management operations changed and were more focused on productivity and the effectiveness of production processes, which became the major corporation concerns (Tasdemir and Hiziroglu, 2019). As a result, inventory control is viewed as a crucial component for making manufacturing and distribution choices in production plants.…”

Section: Literature Reviewmentioning

confidence: 99%

Management of inventory for firms’ efficiency – a study on steel manufacturing industry

Panigrahi

Mishra²,

Samantaray

et al. 2022

JAMR

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PurposeThe purchase is becoming a more difficult cum tactical decision that affects the cost factor, quality factor, time factor and responsive factor of the buy and maintains them. The purpose of this study is to investigate the effect of inventory management (IM) practices on operational efficiencies (OEs) in Indian steel manufacturing firms.Design/methodology/approachThe study is based on a quantitative research design that has collected information from 321 key officials of Indian steel manufacturing firms. The analyses are carried out with the use of statistical techniques such as confirmatory factor analysis and structural equation modeling (SEM).FindingsThe paper finds that inventory management (IE) has a considerable impact on the OE of steel manufacturing firms in India. The manufacturing industry must highlight the significance of inventory management practice (IMP) for enhancing firm efficiencies in a volatile environment with the help of management teams. Understanding the impact of IE practices on firms’ OE would be helpful for company shareholders and investors.Practical implicationsThe paper suggests the manufacturing industry to emphasize the role of inventory management practices to have better productivity of the firm. This research focuses on the relationship between IMP and OE.Social implicationsEffective and efficient use of inventory will be helpful in reducing the overall cost of production and reduced costs to customers.Originality/valueCompanies require resources to attain a long-term competitive edge. Also, as a consequence, the research is compatible with resource-based view (RBV) theory.

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“…Liberopoulos, Tsikis, and Delikouras (2010) researching stockout costs enriched Schwartz findings with economical substantiation of backorder costs proposing new model for computation of an optimal EOQ. Potential cost savings is a focus point of Tasdemir and Hiziroglu (2019) research. Although their proposed raw materials inventory model under certain circumstances could increase cost savings optimizing storage quantities not compromising a predefined customer satisfaction level, it is applicable only to production companies using a bulk unpacked raw materials, especially those, which are dependent on one type of raw materials and act as intermediaries in a relatively low value added creation process by only slightly changing particular products shape.…”

Section: Literature Reviewmentioning

confidence: 99%

“…The substantial financial effect of modifications in retailer's inventory management can be achieved only if inventory levels are systematically lowered (Tasdemir & Hiziroglu, 2019), as retailer maintains an everyday supply procedures. It makes the proper management of the supply chain, especially its part between warehouse and store shelf more critical than it was before (Myerson, 2012).…”

Section: Introductionmentioning

confidence: 99%

Eoq for Perishable Goods: Modification of Wilson’s Model for Food Retailers

Zeng

Nestorenko

et al. 2019

Technological and Economic Development of Economy

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A timely response to a fluctuating and ever-changing consumer demand is an important decision for a company, as it may impact its position in the market. Thus, proper inventory management becomes a focal point in retail business process management and can provide a substantial competitive advantage. In this paper, we introduce a modified version of Wilson’s model, which takes into account trends in consumer demand and offer flexibility in reordering time. The illustration of the proposed model is presented, showing the significant economic benefit under particular conditions.

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Achieving cost efficiency through increased inventory leanness: Evidences from oriented strand board (OSB) industry

Cited by 27 publications

References 42 publications

Determination of Process Variability by Using Triangular Fuzzy Number to Minimize Production Lead Time in a Dynamic Value Stream Mapping

Determination of Process Variability by Using Triangular Fuzzy Number to Minimize Production Lead Time in a Dynamic Value Stream Mapping

Management of inventory for firms’ efficiency – a study on steel manufacturing industry

Eoq for Perishable Goods: Modification of Wilson’s Model for Food Retailers

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