Optimization of Inventory Management: A Literature Review

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  • Nabila Bouti 11 ,
  • Ibrahim Boukallal 11 &
  • Fatima El Khoukhi 12  

Part of the book series: Lecture Notes in Networks and Systems ((LNNS,volume 669))

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  • International Conference on Digital Technologies and Applications

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Inventory management (IM) is an essential component of the Supply Chain (SC). Maintaining the proper stock level through the SC optimizes the company’s costs and guarantees the delivery of goods to customers, ensuring their satisfaction. However, the diverse and numerous factors (demand, perishability, shortage, etc.) cause the IM problem's complexity as they influence the Inventory Management Optimization (IMO) process. This diversity triggers researchers to further examine of the IMO in view of the fact that these factors are interrelated. This paper reviews part of the work carried out, dealing with the optimization of the IM problem. The main objective of this study is to analyze different parameters of existing mathematical models of IMO, to deliver an overview describing the main factors of the problem.

  • Inventory Management Optimization
  • Supply Chain
  • Mathematical Modeling
  • Literature Review

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IA Laboratory, FS Meknes, Moulay Ismail University of Meknes, Meknes, Morocco

Nabila Bouti & Ibrahim Boukallal

IA Laboratory, FLSH Meknes, Moulay Ismail University of Meknes, Meknes, Morocco

Fatima El Khoukhi

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Badre Bossoufi

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Bouti, N., Boukallal, I., El Khoukhi, F. (2023). Optimization of Inventory Management: A Literature Review. In: Motahhir, S., Bossoufi, B. (eds) Digital Technologies and Applications. ICDTA 2023. Lecture Notes in Networks and Systems, vol 669. Springer, Cham. https://doi.org/10.1007/978-3-031-29860-8_92

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DOI : https://doi.org/10.1007/978-3-031-29860-8_92

Published : 28 April 2023

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COMMENTS

  1. REVIEW OF INVENTORY CONTROL MODELS: A ...

    the field of inventory control theory in the form of a narrative review. On the other hand, the study does not aim to overview all the wide spectrum of literature related to inventory control theory. In this regard this study mentions scientific papers selectively in order to identify patterns and trends, characterize the

  2. The impact of inventory management practice on firms

    2.1. Theoretical review. According to Stevenson (Citation 2010), Inventory Management is defined as a framework employed in firms in controlling its interest in inventory.. It includes the recording and observing of stock level, estimating future request, and settling on when and how to arrange (Adeyemi & Salami, 201

  3. Optimization of Inventory Management: A Literature Review

    Maintaining the proper stock level through the SC optimizes the company’s costs and guarantees the delivery of goods to customers, ensuring their satisfaction. However, the diverse and numerous factors (demand, perishability, shortage, etc.) cause the IM problem's complexity as they influence the Inventory Management Optimization (IMO) process.