ALGORITHM FOR THE PROCUREMENT AND INVENTORY MANAGEMENT IN THE DISTRIBUTION SUPPLY CHAIN

Valery F. Lukinykh () and Yulia V. Lukinykh ()
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Valery F. Lukinykh: Krasnoyarsk State Agrarian University
Yulia V. Lukinykh: Russian State Social University, branch in Krasnoyarsk

Business Logistics in Modern Management, 2015, vol. 15, 79-91

Abstract: This paper is devoted to practical testing of the developed method of harmonized volumes of purchased products in the retail networks. The problem is connected with a difficulty of forecasting demand and inventory products based on the existing methods. The peculiarity of this paper is to present a developed method of harmonic prediction of the volume and variety of the purchased and sold products in retail networks in non-stationary demand, which contributes to the development of the methods ABC and XYZ classifications. To apply the developed method of harmonization in order to optimize the inventory of the products, an algorithm for the application of the harmonization method in the supply chain has been developed and described. This allows reducing the time intervals in procurement, optimizing inventory, expediting information acquisition, improving the level of logistics services and ensuring sustainable operation of enterprises in the value chain, having the changing demand and supply.

Keywords: inventory management; procurement management; supply chains; product groups; harmonization matrix (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:osi:bulimm:v:15:y:2015:p:79-91

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