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Proposing multi-item replenishment model for an inventory management system of Malaysia’s SMEs

The present study describes a modified Economic Order Quantity (EOQ) for multi-item replenishment model with the deterministic demand nature of an inventory management. The function is subjected to the available financial and space constraints in the organization. If the constraints are not satisfie...

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Main Authors: Salleh, Mohd Rizal, Rahman, Irfan ur, Mohamad, Effendi, Nawaz, Rashid, A Rahman, Muhamad Arfauz
Format: Article
Language:English
Published: Hashemite University 2022
Online Access:http://eprints.utem.edu.my/id/eprint/26794/3/08-100-21.PDF
http://eprints.utem.edu.my/id/eprint/26794/
http://jjmie.hu.edu.jo/Vol-16-3/08-100-21.pdf
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spelling my.utem.eprints.267942023-04-14T15:09:07Z http://eprints.utem.edu.my/id/eprint/26794/ Proposing multi-item replenishment model for an inventory management system of Malaysia’s SMEs Salleh, Mohd Rizal Rahman, Irfan ur Mohamad, Effendi Nawaz, Rashid A Rahman, Muhamad Arfauz The present study describes a modified Economic Order Quantity (EOQ) for multi-item replenishment model with the deterministic demand nature of an inventory management. The function is subjected to the available financial and space constraints in the organization. If the constraints are not satisfied under the given conditions, then Lagrange technique is applied to obtain the optimal order quantity of the multi-items. The purpose of this study is to empower the manufacturing sector of Malaysia’s SMEs with the advantages of the inventory model that controls the overproduction and underproduction inventories to meet their customer’s demand on the right time. From this study, 90.9% of the optimum quantities of products had been achieved by using the multi-item inventory replenishment model as compared to the EOQ. This model is able to control the total cost of inventory efficiently for the optimum space availability. Hashemite University 2022-06 Article PeerReviewed text en http://eprints.utem.edu.my/id/eprint/26794/3/08-100-21.PDF Salleh, Mohd Rizal and Rahman, Irfan ur and Mohamad, Effendi and Nawaz, Rashid and A Rahman, Muhamad Arfauz (2022) Proposing multi-item replenishment model for an inventory management system of Malaysia’s SMEs. Jordan Journal of Mechanical and Industrial Engineering, 16 (3). pp. 395-401. ISSN 1995-6665 http://jjmie.hu.edu.jo/Vol-16-3/08-100-21.pdf
institution Universiti Teknikal Malaysia Melaka
building UTEM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknikal Malaysia Melaka
content_source UTEM Institutional Repository
url_provider http://eprints.utem.edu.my/
language English
description The present study describes a modified Economic Order Quantity (EOQ) for multi-item replenishment model with the deterministic demand nature of an inventory management. The function is subjected to the available financial and space constraints in the organization. If the constraints are not satisfied under the given conditions, then Lagrange technique is applied to obtain the optimal order quantity of the multi-items. The purpose of this study is to empower the manufacturing sector of Malaysia’s SMEs with the advantages of the inventory model that controls the overproduction and underproduction inventories to meet their customer’s demand on the right time. From this study, 90.9% of the optimum quantities of products had been achieved by using the multi-item inventory replenishment model as compared to the EOQ. This model is able to control the total cost of inventory efficiently for the optimum space availability.
format Article
author Salleh, Mohd Rizal
Rahman, Irfan ur
Mohamad, Effendi
Nawaz, Rashid
A Rahman, Muhamad Arfauz
spellingShingle Salleh, Mohd Rizal
Rahman, Irfan ur
Mohamad, Effendi
Nawaz, Rashid
A Rahman, Muhamad Arfauz
Proposing multi-item replenishment model for an inventory management system of Malaysia’s SMEs
author_facet Salleh, Mohd Rizal
Rahman, Irfan ur
Mohamad, Effendi
Nawaz, Rashid
A Rahman, Muhamad Arfauz
author_sort Salleh, Mohd Rizal
title Proposing multi-item replenishment model for an inventory management system of Malaysia’s SMEs
title_short Proposing multi-item replenishment model for an inventory management system of Malaysia’s SMEs
title_full Proposing multi-item replenishment model for an inventory management system of Malaysia’s SMEs
title_fullStr Proposing multi-item replenishment model for an inventory management system of Malaysia’s SMEs
title_full_unstemmed Proposing multi-item replenishment model for an inventory management system of Malaysia’s SMEs
title_sort proposing multi-item replenishment model for an inventory management system of malaysia’s smes
publisher Hashemite University
publishDate 2022
url http://eprints.utem.edu.my/id/eprint/26794/3/08-100-21.PDF
http://eprints.utem.edu.my/id/eprint/26794/
http://jjmie.hu.edu.jo/Vol-16-3/08-100-21.pdf
_version_ 1763300021847982080
score 13.211869

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