Inventory management models and their effects on uncertain demand

N. Nemtajela; C. Mbohwa

doi:10.1109/IEEM.2016.7798037

Inventory management models and their effects on uncertain demand

N. Nemtajela
, C. Mbohwa

Quality and Operations Management

University of South Africa

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

9 Citations (Scopus)

Abstract

This paper focuses on the use of inventory models to control the material flow and purchased inventory items in manufacturing companies. The objectives of this paper are to assess the effects of demand uncertainty on inventory management and to evaluate the difference on uncertain demand subject to demand controls as determined and the models used. Three inventory management models are studied; the Economic Order Quantity (EOQ), the Activity-Based Costing (ABC), and Just-in-time (JIT). The paper was a descriptive in nature and was conducted through the use of quantitative research methods. Survey questionnaire was compiled to gather primary data from five FMCG companies in manufacturing organisations. Survey data of 255 respondents from FMCG manufacturing companies was used in the analysis.

Original language	English
Title of host publication	2016 International Conference on Industrial Engineering and Engineering Management, IEEM 2016
Publisher	IEEE Computer Society
Pages	1046-1048
Number of pages	3
ISBN (Electronic)	9781509036653
DOIs	https://doi.org/10.1109/IEEM.2016.7798037
Publication status	Published - 27 Dec 2016
Event	2016 International Conference on Industrial Engineering and Engineering Management, IEEM 2016 - Bali, Indonesia Duration: 4 Dec 2016 → 7 Dec 2016

Publication series

Name	IEEE International Conference on Industrial Engineering and Engineering Management
Volume	2016-December
ISSN (Print)	2157-3611
ISSN (Electronic)	2157-362X

Conference

Conference	2016 International Conference on Industrial Engineering and Engineering Management, IEEM 2016
Country/Territory	Indonesia
City	Bali
Period	4/12/16 → 7/12/16

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 9 Industry, Innovation, and Infrastructure

Keywords

Fast moving consumer goods (FMCG)
inventory management
inventory management models
uncertain demand

ASJC Scopus subject areas

Business, Management and Accounting (miscellaneous)
Industrial and Manufacturing Engineering
Safety, Risk, Reliability and Quality

Access to Document

10.1109/IEEM.2016.7798037

Cite this

Nemtajela, N., & Mbohwa, C. (2016). Inventory management models and their effects on uncertain demand. In 2016 International Conference on Industrial Engineering and Engineering Management, IEEM 2016 (pp. 1046-1048). Article 7798037 (IEEE International Conference on Industrial Engineering and Engineering Management; Vol. 2016-December). IEEE Computer Society. https://doi.org/10.1109/IEEM.2016.7798037

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Nemtajela, N & Mbohwa, C 2016, Inventory management models and their effects on uncertain demand. in 2016 International Conference on Industrial Engineering and Engineering Management, IEEM 2016., 7798037, IEEE International Conference on Industrial Engineering and Engineering Management, vol. 2016-December, IEEE Computer Society, pp. 1046-1048, 2016 International Conference on Industrial Engineering and Engineering Management, IEEM 2016, Bali, Indonesia, 4/12/16. https://doi.org/10.1109/IEEM.2016.7798037

Inventory management models and their effects on uncertain demand. / Nemtajela, N.; Mbohwa, C.
2016 International Conference on Industrial Engineering and Engineering Management, IEEM 2016. IEEE Computer Society, 2016. p. 1046-1048 7798037 (IEEE International Conference on Industrial Engineering and Engineering Management; Vol. 2016-December).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

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ER -

Inventory management models and their effects on uncertain demand

Abstract

Publication series

Conference

UN SDGs

Keywords

ASJC Scopus subject areas

Access to Document

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