Inventory Management Sustainability: A Case of Carbon Emanation Reduction in Selected Ceramics Manufacturing Firms in Lagos State, Nigeria

Adebayo Tolulope Adedugba, Olaleke O. Ogunnaike, Kingsley A. Adeyemo, Busola E. Kehinde and Gbenga Oke
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Adebayo Tolulope Adedugba: Caleb University, Nigeria
Olaleke O. Ogunnaike: Covenant University, Nigeria
Kingsley A. Adeyemo: Covenant University, Nigeria
Busola E. Kehinde: Covenant University, Nigeria
Gbenga Oke: University of Ibadan, Nigeria

International Journal of System Dynamics Applications (IJSDA), 2022, vol. 11, issue 1, 1-14

Abstract: Inventory optimality is an option of energy utilization proportionality that can lessen carbon emanations and maximize profitability. This study proposes an inventory management model in which the stock volume is optimally decided to diminish energy per resource utilized in-other to reduce carbon emanations. This will likewise help in concluding renewal volume optimally. Consequently, the study utilized economic order quantity (EOQ) to decide inventory volumes in-other to decrease carbon emanations so as to augment profits of the inventory chain. Partial least square(PLS) was additionally utilized to examine the extent of inventory management frameworks on environmental sustainability. The study, therefore, shows its oddity and pertinency by utilizing economic order quantity(EOQ) and partial least square(PLS) to examine and optimize inventory respectively, as it gives a perspective of decreasing carbon emanations during inventory procedures.

Date: 2022
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