库存管理中英文对照外文翻译文献.docx
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库存管理中英文对照外文翻译文献.docx
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文献信息:
文献标题:
A Multi-Criteria Decision Framework for InventoryManagement(库存管理的多准则决策框架)
国外作者:
PK Krishnadevarajan,S Balasubramanian,N Kannan,VRavichandran
文献出处:
《InternationalJournalofManagement》,2016,7
(1):
85-93字数统计:
英文3228单词,17138字符;中文5509汉字
外文文献:
AMulti-CriteriaDecisionFrameworkforInventory
Management
AbstractInventorymanagementisaprocess/practicethateverycompanyundertakes.Mostcompaniesfailtoapplyacomprehensivesetofcriteriatoranktheirproducts/items.Thecriteriaaretoofeworsubjectiveinnature.Inventoryisrequiredtostayinbusinessandmeetcustomerneeds.Ifitisnotdonerightitcausesdeteriorationincustomerserviceandcouldleadtodamagestobothcustomerandsupplierrelationsandeventuallycausebusinessbreakdown.Asimplemulti-criteriadrivenholisticframeworkdevelopedbyindustryinputiscriticaltothesuccessofinventorymanagement.AninventorymanagementframeworkusingFIVEmain-criteriacategories(revenue,customerservice,profitability,growth,risk),21(between3and6ineachcategory)metricsand4ranks(A,B,C,D)ispresentedinthispapertoassistcompanieswiththeirinventorymanagementprocess.Theframeworkthatispresentedhasbeendevelopedthroughliteraturereview,surveys,interviewsandfocus
groupswithseveralindustryowners,inventorymanagersandbusinessmanagers.TheinteractionwithcompaniesledtoasetofTHREEcriticalquestions:
1.Isthereacomprehensiveinventorymanagementframework?
2.Whatinventorymetricsshouldbetrackedormonitoredonaroutinebasis?
3.Howdoimplementamulti-criteriainventoryclassification?
Thispaperisanattempttoanswerthesecriticalquestionsandprovideaframeworkthatisdevelopedbybringingtogetherexistingliteratureavailableandinput/findingsfromindustryexecutivesintheareaofinventorymanagement.
Keywords:
Inventory,InventoryManagement,InventoryClassification,InventoryRanking,Multi-CriteriaInventoryManagement.
1.INTRODUCTION
Inventoryisacriticalassetandresourcethatishandledextensivelybymostbusinesses.Managinginventoryeffectivelyhasbeensomethingthateverycompanystrivesfor;however,itisalsoanareawherecompaniesoftenhavefailedandstillcontinuetofail.Companieshandlemultipleitems/productsbuttreatallitemsequallybecausethebusinessobjectiveistoservethecustomer.Asaresulttheyenduphavingexcessinventoryofthewrongitems.Asbusinessesexpandtherearesomanyproductsininventoryandthecompanyendsuphavingmorestockinginventoryforeachproductorendupinvestingmoreinthewronginventory.Item/inventorystratificationistheprocessofrankingitemsbasedonrelevantfactorsapplicabletothebusinessenvironment.AccordingtoPradipKumarKrishnadevarajan,GunasekaranS.,LawrenceF.B.andRaoB(2015)andPradipKumarKrishnadevarajan,SBalasubramanianandNKannan(2015)youshouldclassifyitemsintoacertainnumberofcategories(typicallylessthanfive)sothatmanagingthemday-to-daydoesnotbecomeunwieldy.Thisisespeciallyneededwhenhandlingseveralhundredsor
thousandsofitems,whereidentifyingandfocusingonthemostcriticalitemsisofutmostimportancetoallowresourcestobeusedeffectivelyandefficiently.Thisstratificationprocessistypicallydoneataphysicallocationlevel(atbranchesordistributioncenters)acrosstheentirecompany,althoughitcouldbeappliedathigherlevels(regionsortheentirecompany).Theitemstratificationprocessisusuallynotwell-definedorgivendueimportance,anditoftengetsover-simplified.Theinventorystratificationprocessshouldaddressseveralmetricsandamulti-criteriaapproachmustbetakenforeffectiveinventorymanagement.Thispaperattemptstopresentacomprehensiveframeworkthatcouldassistcompaniesinchoosingtherightsetofmetricstoperforminventoryrankingfortheirbusiness.
2.FRAMEWORKDEVELOPMENT
Theprocessofinventoryclassificationactuallybeginsbydevelopingorchoosingaframeworkthatsuitsthecompany’svisionandgoals.Thedevelopmentprocessoftheproposedinventoryframeworkprocesstookplaceintwostages.Thefirststagewastolookatexistingliteraturetounderstandthedifferentfactors/criteriathatarebeingusedforinventoryevaluationbyvariousindustries/businesses.Thesecondstagewasinteractionwithcompaniestogatherinput,understandmetricsusedandchallengesfacedinexecutingtheinventoryclassificationprocess.
2.1.LiteratureReview
(Pareto,1906)observedthatabout20%ofthepopulationofacountryhasabout80%ofitswealth(alsoknownasthe80-20rule).Thisruleholdstrueforitemssoldbyafirm:
about20%ofitemsaccountforabout80%ofafirm’srevenue.
(FloresandWhybark,1987)presentaninventoryrankingmodeldrivenbycriticalityanddolla
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