Volume 2 Number 5 (Oct. 2012)
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IJEEEE 2012 Vol.2(5): 404-408 ISSN: 2010-3654

Evaluating Inventory Management Performance: a Preliminary Desk-Simulation Study Based on IOC Model

Flora Bernardel, Roberto Panizzolo, and Davide Martinazzo

Abstract—The focus of this study is on preliminary use and implementation of an innovative stock performance evaluation procedure, based on the Inventory Operating Curves model. The evaluation of Inventory System performances is becoming a primary concern for senior managers in many sectors, due to the global financial crisis and the budget-cutting policies. However, traditional models require to simultaneously assess and monitor many interrelated parameters, in order to describe the logistic behavior of a huge quantity of items. In that sense, traditional tools are not very useful or effective for decision-making and managerial practice. The Inventory Operating Curves (IOC) model, based on an aggregate Inventory Level approach, can be successfully employed to perform an evaluation of the current Inventory System. In addition, it can support the re-design of the logistic parameters consistently with the manifold requirements of the downstream channel. The case study provided in this paper refers to a selected Italian pharmaceutical manufacturer. The evaluation of the real inventory data available, is developed around the seasonality issues which are expected to affect the demand pattern of a particular product family.

Index Terms—Inventory Management, Desk Simulation, Inventory Control.

F. Bernardel and R. Panizzolo are with the Management and Engineering Department, University of Padua, Italy (e-mail: flora.bernardel@unipd.it;roberto.panizzolo@unipd.it).
D. Martinazzo is with the Manufacturing Department, Carel Industries,Padua, Italy (e-mail: davide.martinazzo@carel.com).

Cite: Flora Bernardel, Roberto Panizzolo, and Davide Martinazzo, "Evaluating Inventory Management Performance: a Preliminary Desk-Simulation Study Based on IOC Model," International Journal of e-Education, e-Business, e-Management and e-Learning vol. 2, no. 5, pp. 404-408, 2012.

General Information

ISSN: 2010-3654 (Online)
Abbreviated Title: Int. J. e-Educ. e-Bus. e-Manag. e-Learn.
Frequency: Quarterly
Editor-in-Chief: Prof. Kuan-Chou Chen
Executive Editor: Ms. Nancy Lau
Abstracting/ Indexing: EBSCO, Google Scholar, Electronic Journals Library, QUALIS, ProQuest, EI (INSPEC, IET)
E-mail: ijeeee@iap.org
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