Agile Inventory Management Model Under a Digital Transformation Approach for Stockout Reduction in Chemical Industry’s MSE

Virginia Garamendi-Colos; Mercedes Cano-Lazarte; Nestor Mamani-Macedo; Carlos Raymundo; Francisco Dominguez

doi:10.1007/978-3-030-50791-6_58

Agile Inventory Management Model Under a Digital Transformation Approach for Stockout Reduction in Chemical Industry’s MSE

Virginia Garamendi-Colos
, Mercedes Cano-Lazarte
, Nestor Mamani-Macedo
, Carlos Raymundo
, Francisco Dominguez

Faculty of Engineering

Universidad Peruana de Ciencias Aplicadas
Universidad Rey Juan Carlos

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

1 Scopus citations

Abstract

Through digital transformation, company processes that are, or could be, conducted manually are reduced; moreover, human tasks are automated when software-based processes are established. This paper analyzes the adoption of a digital transformation tool to manage inventory through the application of agile models, such as Just-In-Time, and the use of Enterprise Resource Planning (ERP), employing the Deming cycle method, as several unclear empiric processes exist for managing inventory and purchases. It also upholds that as defined processes are established and the companies exert higher control over inventory turnover and outflows, they could apply methods, such as demand forecasting, to avoid stockout, supply shortage, and inventory loss.

Original language	English
Title of host publication	Advances in Human Factors, Business Management and Leadership - Proceedings of the AHFE 2020 Virtual Conferences on Human Factors, Business Management and Society, and Human Factors in Management and Leadership
Editors	Jussi Ilari Kantola, Salman Nazir, Vesa Salminen
Publisher	Springer
Pages	455-461
Number of pages	7
ISBN (Print)	9783030507909
DOIs	https://doi.org/10.1007/978-3-030-50791-6_58
State	Published - 2020
Event	AHFE Virtual Conference on Human Factors, Business Management and Society, and the International Conference on Management and Leadership, 2020 - San Diego, United States Duration: 16 Jul 2020 → 20 Jul 2020

Publication series

Name	Advances in Intelligent Systems and Computing
Volume	1209 AISC
ISSN (Print)	2194-5357
ISSN (Electronic)	2194-5365

Conference

Conference	AHFE Virtual Conference on Human Factors, Business Management and Society, and the International Conference on Management and Leadership, 2020
Country/Territory	United States
City	San Diego
Period	16/07/20 → 20/07/20

Keywords

Agile models
Digital transformation
Inventories
Supply

Access to Document

10.1007/978-3-030-50791-6_58

Cite this

Garamendi-Colos, V., Cano-Lazarte, M., Mamani-Macedo, N., Raymundo, C., & Dominguez, F. (2020). Agile Inventory Management Model Under a Digital Transformation Approach for Stockout Reduction in Chemical Industry’s MSE. In J. I. Kantola, S. Nazir, & V. Salminen (Eds.), Advances in Human Factors, Business Management and Leadership - Proceedings of the AHFE 2020 Virtual Conferences on Human Factors, Business Management and Society, and Human Factors in Management and Leadership (pp. 455-461). (Advances in Intelligent Systems and Computing; Vol. 1209 AISC). Springer. https://doi.org/10.1007/978-3-030-50791-6_58

Garamendi-Colos, Virginia ; Cano-Lazarte, Mercedes ; Mamani-Macedo, Nestor et al. / Agile Inventory Management Model Under a Digital Transformation Approach for Stockout Reduction in Chemical Industry’s MSE. Advances in Human Factors, Business Management and Leadership - Proceedings of the AHFE 2020 Virtual Conferences on Human Factors, Business Management and Society, and Human Factors in Management and Leadership. editor / Jussi Ilari Kantola ; Salman Nazir ; Vesa Salminen. Springer, 2020. pp. 455-461 (Advances in Intelligent Systems and Computing).

@inproceedings{03dd741e132642feaaed7327780ccf6b,

title = "Agile Inventory Management Model Under a Digital Transformation Approach for Stockout Reduction in Chemical Industry{\textquoteright}s MSE",

abstract = "Through digital transformation, company processes that are, or could be, conducted manually are reduced; moreover, human tasks are automated when software-based processes are established. This paper analyzes the adoption of a digital transformation tool to manage inventory through the application of agile models, such as Just-In-Time, and the use of Enterprise Resource Planning (ERP), employing the Deming cycle method, as several unclear empiric processes exist for managing inventory and purchases. It also upholds that as defined processes are established and the companies exert higher control over inventory turnover and outflows, they could apply methods, such as demand forecasting, to avoid stockout, supply shortage, and inventory loss.",

keywords = "Agile models, Digital transformation, Inventories, Supply",

author = "Virginia Garamendi-Colos and Mercedes Cano-Lazarte and Nestor Mamani-Macedo and Carlos Raymundo and Francisco Dominguez",

note = "Publisher Copyright: {\textcopyright} 2020, The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG.; AHFE Virtual Conference on Human Factors, Business Management and Society, and the International Conference on Management and Leadership, 2020 ; Conference date: 16-07-2020 Through 20-07-2020",

year = "2020",

doi = "10.1007/978-3-030-50791-6\_58",

language = "Ingl{\'e}s",

isbn = "9783030507909",

series = "Advances in Intelligent Systems and Computing",

publisher = "Springer",

pages = "455--461",

editor = "Kantola, \{Jussi Ilari\} and Salman Nazir and Vesa Salminen",

booktitle = "Advances in Human Factors, Business Management and Leadership - Proceedings of the AHFE 2020 Virtual Conferences on Human Factors, Business Management and Society, and Human Factors in Management and Leadership",

}

Garamendi-Colos, V, Cano-Lazarte, M, Mamani-Macedo, N, Raymundo, C & Dominguez, F 2020, Agile Inventory Management Model Under a Digital Transformation Approach for Stockout Reduction in Chemical Industry’s MSE. in JI Kantola, S Nazir & V Salminen (eds), Advances in Human Factors, Business Management and Leadership - Proceedings of the AHFE 2020 Virtual Conferences on Human Factors, Business Management and Society, and Human Factors in Management and Leadership. Advances in Intelligent Systems and Computing, vol. 1209 AISC, Springer, pp. 455-461, AHFE Virtual Conference on Human Factors, Business Management and Society, and the International Conference on Management and Leadership, 2020, San Diego, United States, 16/07/20. https://doi.org/10.1007/978-3-030-50791-6_58

Agile Inventory Management Model Under a Digital Transformation Approach for Stockout Reduction in Chemical Industry’s MSE. / Garamendi-Colos, Virginia; Cano-Lazarte, Mercedes; Mamani-Macedo, Nestor et al.
Advances in Human Factors, Business Management and Leadership - Proceedings of the AHFE 2020 Virtual Conferences on Human Factors, Business Management and Society, and Human Factors in Management and Leadership. ed. / Jussi Ilari Kantola; Salman Nazir; Vesa Salminen. Springer, 2020. p. 455-461 (Advances in Intelligent Systems and Computing; Vol. 1209 AISC).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

TY - GEN

T1 - Agile Inventory Management Model Under a Digital Transformation Approach for Stockout Reduction in Chemical Industry’s MSE

AU - Garamendi-Colos, Virginia

AU - Cano-Lazarte, Mercedes

AU - Mamani-Macedo, Nestor

AU - Raymundo, Carlos

AU - Dominguez, Francisco

PY - 2020

Y1 - 2020

N2 - Through digital transformation, company processes that are, or could be, conducted manually are reduced; moreover, human tasks are automated when software-based processes are established. This paper analyzes the adoption of a digital transformation tool to manage inventory through the application of agile models, such as Just-In-Time, and the use of Enterprise Resource Planning (ERP), employing the Deming cycle method, as several unclear empiric processes exist for managing inventory and purchases. It also upholds that as defined processes are established and the companies exert higher control over inventory turnover and outflows, they could apply methods, such as demand forecasting, to avoid stockout, supply shortage, and inventory loss.

AB - Through digital transformation, company processes that are, or could be, conducted manually are reduced; moreover, human tasks are automated when software-based processes are established. This paper analyzes the adoption of a digital transformation tool to manage inventory through the application of agile models, such as Just-In-Time, and the use of Enterprise Resource Planning (ERP), employing the Deming cycle method, as several unclear empiric processes exist for managing inventory and purchases. It also upholds that as defined processes are established and the companies exert higher control over inventory turnover and outflows, they could apply methods, such as demand forecasting, to avoid stockout, supply shortage, and inventory loss.

KW - Agile models

KW - Digital transformation

KW - Inventories

KW - Supply

UR - https://www.scopus.com/pages/publications/85088227592

U2 - 10.1007/978-3-030-50791-6_58

DO - 10.1007/978-3-030-50791-6_58

M3 - Contribución a la conferencia

AN - SCOPUS:85088227592

SN - 9783030507909

T3 - Advances in Intelligent Systems and Computing

SP - 455

EP - 461

BT - Advances in Human Factors, Business Management and Leadership - Proceedings of the AHFE 2020 Virtual Conferences on Human Factors, Business Management and Society, and Human Factors in Management and Leadership

A2 - Kantola, Jussi Ilari

A2 - Nazir, Salman

A2 - Salminen, Vesa

PB - Springer

T2 - AHFE Virtual Conference on Human Factors, Business Management and Society, and the International Conference on Management and Leadership, 2020

Y2 - 16 July 2020 through 20 July 2020

ER -

Garamendi-Colos V, Cano-Lazarte M, Mamani-Macedo N, Raymundo C, Dominguez F. Agile Inventory Management Model Under a Digital Transformation Approach for Stockout Reduction in Chemical Industry’s MSE. In Kantola JI, Nazir S, Salminen V, editors, Advances in Human Factors, Business Management and Leadership - Proceedings of the AHFE 2020 Virtual Conferences on Human Factors, Business Management and Society, and Human Factors in Management and Leadership. Springer. 2020. p. 455-461. (Advances in Intelligent Systems and Computing). doi: 10.1007/978-3-030-50791-6_58

Agile Inventory Management Model Under a Digital Transformation Approach for Stockout Reduction in Chemical Industry’s MSE

Abstract

Publication series

Conference

Keywords

Access to Document

Other files and links

Fingerprint

Cite this