• Proceedings of the Safety Management and Science Conference
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• 2010.04a
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• pp.189-197
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• 2010

Recently, industrial business environments have rapidly changed and face severe competitive challenges. The effective inventory system enables to product and deliver the products quickly for meeting due date of customer's order in this environment. This study have developed a web-based inventory system framework using RFID for a plastic injection molding industry. The system analysis inventory problem issues such as inventory planning, warehouse assignment. In this study, web-based inventory system using Java language is proposed and implemented. As the result of implementation of the system, we expected that it manages to inventory planning continually and systematically.

• Journal of the Korea Safety Management & Science
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• v.12 no.3
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• pp.177-182
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• 2010

Industrial business environments have rapidly changed and face severe competitive challenges. The effective inventory system enables to product and deliver the products quickly for meeting due date of customer's order in this environment. This study have developed a web-based inventory system using RFID for an injection molding industry. The system analysis inventory problem issues such as inventory planning, warehouse assignment and assist to develop production scheduling. In this study, web-based inventory system using Java language and RFID technology is proposed and implemented. As the result of implementation of the system, we expected that it manages to inventory planning continually and systematically.

• Journal of the Korea Society for Simulation
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• v.12 no.4
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• pp.61-71
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• 2003

Recently, a matter of the highest priority that the company must do for the satisfaction of customer service is that the company ensure the competitive power throughout the strategic cooperation in the market environment changing rapidly In this situation, one of allied strategies is the supply chain management and the outsourcing is one of the supply chain management strategies. In this paper, the inventory sharing system is introduced as the method to solve two inconsistency problem such as inventory and customer service. This paper also suggests how to increase customer service and to decrease inventory throughout construction of the inventory sharing system among outsourcing companies. For this, we experimented the effect of the inventory sharing system on the supply chain dynamics by using the simulation modeling and analyzed the validity about construction of the inventory sharing system presented in this study. The simulation is designed by Vensim(Process simulation package) and has some feedback loops.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.30 no.3
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• pp.117-126
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• 2007

It has been a major issue to repair the broken system quickly for improvement of productivity and utilization. Generally, high utilization of system requires the high amount of spare parts in inventory and inventory cost. Therefore, it is necessary to determine the proper amount of inventory with regard to utilization of system. This study designs a methodology for determining the proper amount of inventory level in a two-echelon spare parts distribution system. The requirements are to satisfy proper customer demands at a distribution center and to maintain over the utilization of the whole system at customers. This methodology minimizes total inventory investment at a distribution center and customers.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.38 no.3
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• pp.136-148
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• 2015

We analyzed the effect of three different types of inventory systems for saving the total cost using simulation on the system where multiple depots and many retailers disperse on the limited area. Three types of inventory systems are single echelon system with inventory exchange and two-echelon system and the variant two-echelon system. Variant two echelon system is the two-echelon system where the inventory transshipmentsare allowed on every two stage inventory echelons. Inventories kept on every retailer are commonly used for all retailers when certain retailer has stock-out. And when all retailers are stock-out, inventories kept on every depot are commonly used for the retailers whose assigned depots are stock-out. These all three systems are simulated with the constraint of service level on wide range of parameter settings. Simulation results show that cost saving effect appear clear for single echelon system and two-echelon system when shortage cost portion and transportation cost portion becomes large respectively irrespective of depot number. Variant two echelon system seems to be superior to two other systems when transportationcost portion becomes very small. But this superiority is not proved in terms of statistics. So we may conclude that the variant two echelon system may be useless with the higher administrative efforts due to frequent inventory exchange. Also we note that the traditional two echelon system becomes inferior to two other systems in terms of statistics when service level becomes high or when demand variance becomes very large. And inventory integration effect that cost becomes saved when depot number decrease, diminishes when transportation cost or stock-out cost increases irrespective of inventory systems.

• The Journal of Information Systems
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• v.6 no.1
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• pp.223-256
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• 1997

Since the business scales of retailing companies become to be very large and the number of items dealt increases explosively, automation of inventory management becomes one of the most important issues to solve in retailing industry. In order to accomplish this automation of inventory management, there must be a great need to a method which can perform real-time decision making on inventory control in an automatic fashion, while communicating with inventory information systems like POS system and automatic warehousing system. But even in this circumstance, there are also many obstructions to such automation like varying demands, limited capacity of warehouse and exhibition room, need for strategic consideration on inventory control, etc., in a real sense. Due to these reasons, it seems very difficult that most large-scaled retailing companies get fully automated inventory management system. To overcome those difficulties and reflect them into inventory control, we propose a automated inventory control methodology for retailing industry based on neural network and policy model. Especially, policy model is devised to deal with dynamic varying demands and using this model, strategic goals on inventory can be considered into inventory control mechanism. Our proposed approach is implemented in workstation and its performance is also empirically verified also against to real case of one of the major retailing firm in Korea.

• Proceedings of the Safety Management and Science Conference
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• 2005.11a
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• pp.194-198
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• 2005

Inventory information system is providing the benefits of smoother demand, lower inventories(work in process, safety stock) and reduced costs. This study focused on improvement of safety level inventory efficiency by inventory information system. The results indicated that inventory information system allowed the company to serve its customers more surely and efficiently.

• Journal of the Korean Institute of Intelligent Systems
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• v.11 no.7
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• pp.584-590
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• 2001

An inventory management system of manufacturing industry has a model of different kinds according to the objective and the situation. An inventory management system needs superior system technique in demand forecast, economical efficiency, reliability and application for stable supply of the finished goods, the raw materials and the parts. This paper proposes a demand forecast method based on fuzzy structured neural network, which uses min-operation and trapezoid membership function of fuzzy rules. So we can construct an intelligent inventory management system that make optimized decision-making for forecasting data with expert s opinion in fuzzy environment. The inventory management system uses intelligence agent and it could be adapted to a system environment change in order.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.46 no.4
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• pp.93-100
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• 2023

In this paper, an alternative inventory policy that trades off the bullwhip effect at an upstream facility with cost minimization at a current facility, with the goal of reducing system wide total expected inventory costs, when external demand distributjon is autocorrelated, is considered. The alternative inventory policy has a form that is somewhere between one that completely neglects the autocorrleation and one that actively utilizes the autocorrelation. For this purpose, a mathematical model that allows us to evaluate system wide total expected inventory costs for a periodic review system is developed. This model enables us to identify an optimal inventory policy at a current facility that minimizes system wide total expected inventory costs by the best tradeoff of the bullwhip effect at an upstream facility with cost minimization at a current facility. From numerical experiments, it has been found that (i) when the autocorrelation is negative, the optimal policy is one that actively utilizes the autocorrelation, (ii) when the autocorrelation is small and positive, the optimal policy is one that neglects the autocorrelation, and (iii) when the autocorrelation is large and positive, the optimal policy is somewhere between one that actively utilizes the autocorrelation and one that neglect the autocorrelation.

• KSII Transactions on Internet and Information Systems (TIIS)
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• v.6 no.2
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• pp.515-528
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• 2012

The aim of this article is to provide a study on the issue of inventory inaccuracy and to show the manner in which RFID technology can improve the inventory management performance. The objective of inventory control is to monitor the stock flow of merchandises in order to understand the operating profit and loss. A proper mechanism of inventory control could be made to help the profitability. As RFID is applied to inventory control, it can improve efficiency, enhance accuracy and achieve security. In this paper, we introduce the evolution of different mechanisms of inventory control with RFID system-counting method, collect-all method, and continuous monitoring method. As for improving the accuracy of inventory check during business hours, continuous monitoring is the solution. We introduce the infrastructure of the RFID inventory management system based on M2M architecture can make the inventory be efficiently monitored with instant warnings.