Study of the Product Oil inventory Management Model Based on VMI

The traditional inventory management method can't meet the requirement because the event of the each link based on the supply chain of product oil are synchronized under the environment of supply chain management. In this paper, the management model of product oil inventory based on the VMI sys...

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Bibliographic Details
Published in2010 International Forum on Information Technology and Applications Vol. 2; pp. 273 - 276
Main Authors Shenghua Bao, Minjie Zhu
Format Conference Proceeding
LanguageEnglish
Published IEEE 01.07.2010
Subjects
Analytical models
Biological system modeling
Economic Order Cycle
Economic Order Quantit
Economics
Inventory Control
Inventory management
Marketing and sales
Petroleum
product oil
Supply chains
Vendor Managed Inventory
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Summary:The traditional inventory management method can't meet the requirement because the event of the each link based on the supply chain of product oil are synchronized under the environment of supply chain management. In this paper, the management model of product oil inventory based on the VMI system is studied, and the inventory model for partially incoming goods evenly and delay in delivery is tried to establish througu summarizing the current problem existing in the management of product oil inventory and analysing the major inventory index of product oil, at last the model is analyzed and discussed.
ISBN:1424476216
9781424476213
DOI:10.1109/IFITA.2010.247