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Current Order and Inventory Models in Manufacturing Environments: A Review from 2008 to 2018

Journal: International Journal of Mechanical and Production Engineering Research and Development (IJMPERD ) (Vol.8, No. 1)

Publication Date:

Authors : ; ;

Page : 1087-1096

Keywords : Order Management; Inventory Control; Operational Risk & Activity-Based Cost;

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Abstract

One of the issues of designing a supply chain network is "Supply chain ordering management ". Extra costs are the most important factors in the survival of an organization and have a significant impact on the company's competitiveness. However, holding inventory, order accepting, and functional risks are factors that have not been studied simultaneously. The purpose of this paper is to provide a review on order and inventory and use of Activity based costing approach in regard to supply chain management and cost managment. This paper selected and reviewed 56 published articles in a decade of 32 important journals related to order and inventory of supply chain manufacturing industries which were chosen from the “Science direct and Scopus” databases and in this regard, the Artificial Neural Network method which called “ANN”, ant colony algorithm and queue theory have been proposed. Finally, International Journal of production Economics was ranked as the first. The results of this paper acknowledge that order management and inventory control can help decision makers in solving some problems under uncertainties and situations of demands in the environmental manufacturing industries and this approach has seen increasing interest among previous researchers to use this approach in various steps of supply chain management.

Last modified: 2018-04-26 18:49:15