Exploring Green Inventory Management through Periodic Review Inventory Systems—A Comprehensive Literature Review and Directions for Future Research

Jasmina Žic (), Samir Žic (), Goran Đukić and Svetlana Dabić-Miletić
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Jasmina Žic: Faculty of Mechanical Engineering and Naval Architecture, University of Zagreb, Ivana Lučića 5, 10002 Zagreb, Croatia
Samir Žic: Faculty of Engineering, University of Rijeka, Vukovarska 58, 51000 Rijeka, Croatia
Goran Đukić: Faculty of Mechanical Engineering and Naval Architecture, University of Zagreb, Ivana Lučića 5, 10002 Zagreb, Croatia
Svetlana Dabić-Miletić: Faculty of Transport and Traffic Engineering, University of Belgrade, Vojvode Stepe 305, 11010 Belgrade, Serbia

Sustainability, 2024, vol. 16, issue 13, 1-17

Abstract: With the increasing environmental concerns and legislative pressures, the focus on incorporating ecologically sustainable practices into inventory management systems has grown, leading to the emergence of green inventory management. However, this field is not without its challenges, with numerous conflicting real-world constraints and goals. A comprehensive literature review targeting green inventory management operating under a periodic review inventory system was conducted to identify research gaps and potential directions for future research. Despite the growing interest in the field, this review highlighted the scarcity of relevant studies. Out of the 1272 papers reviewed, only 16 studies, or 1.3%, met the criteria for exploring periodic review inventory systems while simultaneously considering environmental and economic aspects. These studies were further analyzed in detail and categorized according to key classification criteria. The future research directions highlighted the need for additional studies on periodic review inventory systems operating under stochastic market demand in the context of green supply chain management. The standardization of emission calculation methodologies was also emphasized as a crucial step towards aligning inventory management practices with the aim of increasing inventory management efficiency and the related improvement in the environmental performance of supply chains.

Keywords: green supply chain; green inventory management; periodic review inventory systems; environmental impact; supply chain costs; service level control; sustainability (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2024
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