Research on integrated inventory transportation optimization of inbound logistics via a VMI-TPL model of an existing enterprise

Third-party logistics companies face a challenging task in minimizing inventory transportation costs due to the complexities of managing numerous suppliers. Effectively optimizing costs becomes a formidable problem for such companies. This empirical research has yielded strategies for minimizing the...

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Main Authors: Kun Zhang, Hanping Hou, Zhiqiang Dong, Ziheng Liu
Format: Article
Language:English
Published: AIMS Press 2023-08-01
Series:Mathematical Biosciences and Engineering
Subjects:
Online Access:https://www.aimspress.com/article/doi/10.3934/mbe.2023724?viewType=HTML
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author Kun Zhang
Hanping Hou
Zhiqiang Dong
Ziheng Liu
author_facet Kun Zhang
Hanping Hou
Zhiqiang Dong
Ziheng Liu
author_sort Kun Zhang
collection DOAJ
description Third-party logistics companies face a challenging task in minimizing inventory transportation costs due to the complexities of managing numerous suppliers. Effectively optimizing costs becomes a formidable problem for such companies. This empirical research has yielded strategies for minimizing the inventory transportation cost specifically for company D. Through a rigorous optimization process, the findings presented in this paper demonstrate an average reduction of 7.18% in company D's inventory transportation cost. By jointly optimizing inbound logistics inventory transportation under VMI-TPL mode, this study extends the theory of supplier managed inventory and improves the inbound logistics mode. The results of this study can provide quantitative support and decision-making references for the project operation management of company D and similar enterprises.
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spelling doaj.art-df5c559ad6a9452d9bfeb749c61b7a022023-09-27T01:29:11ZengAIMS PressMathematical Biosciences and Engineering1551-00182023-08-01209162121623510.3934/mbe.2023724Research on integrated inventory transportation optimization of inbound logistics via a VMI-TPL model of an existing enterpriseKun Zhang0Hanping Hou1Zhiqiang Dong2Ziheng Liu 31. School of Economics and Management, Beijing Jiaotong University, Beijing, China1. School of Economics and Management, Beijing Jiaotong University, Beijing, China1. School of Economics and Management, Beijing Jiaotong University, Beijing, China2. School of Software Engineering, Beijing Jiaotong University, Beijing, ChinaThird-party logistics companies face a challenging task in minimizing inventory transportation costs due to the complexities of managing numerous suppliers. Effectively optimizing costs becomes a formidable problem for such companies. This empirical research has yielded strategies for minimizing the inventory transportation cost specifically for company D. Through a rigorous optimization process, the findings presented in this paper demonstrate an average reduction of 7.18% in company D's inventory transportation cost. By jointly optimizing inbound logistics inventory transportation under VMI-TPL mode, this study extends the theory of supplier managed inventory and improves the inbound logistics mode. The results of this study can provide quantitative support and decision-making references for the project operation management of company D and similar enterprises.https://www.aimspress.com/article/doi/10.3934/mbe.2023724?viewType=HTMLsupplier inventory managementthird-party logisticsmilk run inventory transportation optimizationdecentralized distributed inventory transportation optimization
spellingShingle Kun Zhang
Hanping Hou
Zhiqiang Dong
Ziheng Liu
Research on integrated inventory transportation optimization of inbound logistics via a VMI-TPL model of an existing enterprise
Mathematical Biosciences and Engineering
supplier inventory management
third-party logistics
milk run inventory transportation optimization
decentralized distributed inventory transportation optimization
title Research on integrated inventory transportation optimization of inbound logistics via a VMI-TPL model of an existing enterprise
title_full Research on integrated inventory transportation optimization of inbound logistics via a VMI-TPL model of an existing enterprise
title_fullStr Research on integrated inventory transportation optimization of inbound logistics via a VMI-TPL model of an existing enterprise
title_full_unstemmed Research on integrated inventory transportation optimization of inbound logistics via a VMI-TPL model of an existing enterprise
title_short Research on integrated inventory transportation optimization of inbound logistics via a VMI-TPL model of an existing enterprise
title_sort research on integrated inventory transportation optimization of inbound logistics via a vmi tpl model of an existing enterprise
topic supplier inventory management
third-party logistics
milk run inventory transportation optimization
decentralized distributed inventory transportation optimization
url https://www.aimspress.com/article/doi/10.3934/mbe.2023724?viewType=HTML
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AT zhiqiangdong researchonintegratedinventorytransportationoptimizationofinboundlogisticsviaavmitplmodelofanexistingenterprise
AT zihengliu researchonintegratedinventorytransportationoptimizationofinboundlogisticsviaavmitplmodelofanexistingenterprise