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Optimization of Inventory Management: A Literature Review

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Digital Technologies and Applications (ICDTA 2023)

Part of the book series: Lecture Notes in Networks and Systems ((LNNS,volume 669))

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Abstract

Inventory management (IM) is an essential component of the Supply Chain (SC). Maintaining the proper stock level through the SC optimizes the company’s costs and guarantees the delivery of goods to customers, ensuring their satisfaction. However, the diverse and numerous factors (demand, perishability, shortage, etc.) cause the IM problem's complexity as they influence the Inventory Management Optimization (IMO) process. This diversity triggers researchers to further examine of the IMO in view of the fact that these factors are interrelated. This paper reviews part of the work carried out, dealing with the optimization of the IM problem. The main objective of this study is to analyze different parameters of existing mathematical models of IMO, to deliver an overview describing the main factors of the problem.

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Authors and Affiliations

  1. IA Laboratory, FS Meknes, Moulay Ismail University of Meknes, Meknes, Morocco

    Nabila Bouti & Ibrahim Boukallal

  2. IA Laboratory, FLSH Meknes, Moulay Ismail University of Meknes, Meknes, Morocco

    Fatima El Khoukhi

Authors
  1. Nabila Bouti
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  2. Ibrahim Boukallal
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  3. Fatima El Khoukhi
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Correspondence to Nabila Bouti .

Editor information

Editors and Affiliations

  1. Ecole Nationale des Sciences Appliquées, Fez, Morocco

    Saad Motahhir

  2. Faculty of Sciences, Sidi Mohamed Ben Abdellah University, Fez, Morocco

    Badre Bossoufi

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Bouti, N., Boukallal, I., El Khoukhi, F. (2023). Optimization of Inventory Management: A Literature Review. In: Motahhir, S., Bossoufi, B. (eds) Digital Technologies and Applications. ICDTA 2023. Lecture Notes in Networks and Systems, vol 669. Springer, Cham. https://doi.org/10.1007/978-3-031-29860-8_92

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