Saving Concepts in Supply Chain Management: A Study on Inventory and Transportation Costs
Supply chain is a systematic and strategic coordination of the traditional business function to across business function within supply chain for the purpose of improving the long-term performance of the business. The objective of the paper is to understand the saving concepts are used in operational...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Human Resource Management Academic Research Society (HRMARS)
2023
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| Online Access: | https://repo.uum.edu.my/id/eprint/31952/1/IJARBSS%2013%2006%202023%20239-252.pdf |
| _version_ | 1824451219322568704 |
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| author | Muhammad Khodri Harahap, Afif Zuhri Abdul Rahim, Mohd Kamarul Irwan |
| author_facet | Muhammad Khodri Harahap, Afif Zuhri Abdul Rahim, Mohd Kamarul Irwan |
| author_sort | Muhammad Khodri Harahap, Afif Zuhri |
| collection | UUM |
| description | Supply chain is a systematic and strategic coordination of the traditional business function to across business function within supply chain for the purpose of improving the long-term performance of the business. The objective of the paper is to understand the saving concepts are used in operational path to achieve optimization in term of cost saving. Business nowadays going towards to minimizing the operational in order to compete with others The purpose is to achieve the minimization in inventory routing problem (IRP) with cost minimization consists inventory and transportation costs focus on the single warehouse with multiple customers. The operational costs can be reduced by solving the inventory management and transportation process for vehicle to replenish the inventory. In this paper, a mathematical model was developed and simulated by using an optimization software package to achieve the optimization. The findings show that the optimization can be achieved by reducing the movement of the vehicle To conclude, the bigger the vehicle’s capacity, much capacity can add and less routes taken by the vehicle to supply the inventory to the customer |
| first_indexed | 2025-02-19T02:31:09Z |
| format | Article |
| id | uum-31952 |
| institution | Universiti Utara Malaysia |
| language | English |
| last_indexed | 2025-02-19T02:31:09Z |
| publishDate | 2023 |
| publisher | Human Resource Management Academic Research Society (HRMARS) |
| record_format | eprints |
| spelling | uum-319522025-01-23T13:34:27Z https://repo.uum.edu.my/id/eprint/31952/ Saving Concepts in Supply Chain Management: A Study on Inventory and Transportation Costs Muhammad Khodri Harahap, Afif Zuhri Abdul Rahim, Mohd Kamarul Irwan HD28 Management. Industrial Management Supply chain is a systematic and strategic coordination of the traditional business function to across business function within supply chain for the purpose of improving the long-term performance of the business. The objective of the paper is to understand the saving concepts are used in operational path to achieve optimization in term of cost saving. Business nowadays going towards to minimizing the operational in order to compete with others The purpose is to achieve the minimization in inventory routing problem (IRP) with cost minimization consists inventory and transportation costs focus on the single warehouse with multiple customers. The operational costs can be reduced by solving the inventory management and transportation process for vehicle to replenish the inventory. In this paper, a mathematical model was developed and simulated by using an optimization software package to achieve the optimization. The findings show that the optimization can be achieved by reducing the movement of the vehicle To conclude, the bigger the vehicle’s capacity, much capacity can add and less routes taken by the vehicle to supply the inventory to the customer Human Resource Management Academic Research Society (HRMARS) 2023 Article PeerReviewed application/pdf en cc4_by https://repo.uum.edu.my/id/eprint/31952/1/IJARBSS%2013%2006%202023%20239-252.pdf Muhammad Khodri Harahap, Afif Zuhri and Abdul Rahim, Mohd Kamarul Irwan (2023) Saving Concepts in Supply Chain Management: A Study on Inventory and Transportation Costs. International Journal of Academic Research in Business and Social Sciences (IJARBSS), 13 (6). pp. 239-252. ISSN 2222-6990 http://www.hrmars.com |
| spellingShingle | HD28 Management. Industrial Management Muhammad Khodri Harahap, Afif Zuhri Abdul Rahim, Mohd Kamarul Irwan Saving Concepts in Supply Chain Management: A Study on Inventory and Transportation Costs |
| title | Saving Concepts in Supply Chain Management: A Study on Inventory and Transportation Costs |
| title_full | Saving Concepts in Supply Chain Management: A Study on Inventory and Transportation Costs |
| title_fullStr | Saving Concepts in Supply Chain Management: A Study on Inventory and Transportation Costs |
| title_full_unstemmed | Saving Concepts in Supply Chain Management: A Study on Inventory and Transportation Costs |
| title_short | Saving Concepts in Supply Chain Management: A Study on Inventory and Transportation Costs |
| title_sort | saving concepts in supply chain management a study on inventory and transportation costs |
| topic | HD28 Management. Industrial Management |
| url | https://repo.uum.edu.my/id/eprint/31952/1/IJARBSS%2013%2006%202023%20239-252.pdf |
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