Open AccessAn Inventory Model based on Manufacturer-Direct Business Model with the help of E-Commerce Trading
Author(s) -
Antonitte Vinoline,
W. Ritha,
J. Merline Vinotha,
Nivetha Martin
Publication year - 2019
Publication title -
international journal of innovative technology and exploring engineering
Language(s) - English
Resource type - Journals
ISSN - 2278-3075
DOI - 10.35940/ijitee.f1304.0486s419
Subject(s) - revenue , order (exchange) , production (economics) , business model , business , product (mathematics) , e commerce , online business , inventory management , marketing , process (computing) , computer science , operations research , industrial organization , operations management , the internet , microeconomics , economics , engineering , world wide web , finance , geometry , mathematics , operating system
The significance of inventory management partake in the rapid growth and development of all organizations. Inventories impacts sales and revenues, customer relations, production and operation costs etc. On the other hand, online shopping became a trendy choice among the web-users, they can buy any product either through online market places or over web stores. The main intention of this paper is to develop an inventory model based on 'Manufacturer-direct' business model with the help of e-commerce trading strategies. Also this proposed model considered the process of recycling and disposal of deteriorating items over 3R approach . In order to maximize the profits and to minimize the waste generation, this model provides optimum values. Numerical examples are illustrated to validate the model.