International Journal of Industrial Engineering & Production Research

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Inventory management plays a vital role in attaining the desired service level and prevents excess capital from being tied up in the form of dead stock. This paper presents a framework to effectively determine the items subject to obsolescence in an automotive spare parts warehouse. The inventory management techniques are applied to minimize the costs and a framework is proposed based on ABC-XYZ and FSN analysis to prioritize the spare parts based on their criticality. Further, the importance of items in the warehouse is carried out to eliminate the dead stock. The ABC classification findings reveal that A-class items accounted for 10.39% and hold the highest inventory value grouping. XYZ classification concludes that much priority should be given to the management of 52.7% of items under the Z category as the demand trend of these items is highly fluctuating. The N category items have no demand in recent times and need immediate attention, thereby preventing further unnecessary procurement. Thus, based on the ABC-XYZ and FSN analysis, the non-critical items, i.e., the non-moving items having fluctuating demand, are sorted out.

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In the field of logistics, there is a daily need for decision making, i.e. the need to solve business problems by selecting an appropriate solution. During the implementation of decision-making processes, it is necessary to find an optimal solution that will best meet the needs of companies. The selection of an optimal solution is crucial for the profitability, cost-effectiveness and long-term development of companies. The decision-making process in logistics is facilitated by applying various tools such as multi-criteria decision-making methods. In this paper, an integrated SWARA (Step-wise Weight Assessment Ratio Analysis) – MARCOS (Measurement Alternatives and Ranking according to Compromise Solution) model was developed and applied in order to classify products. Fifty alternatives, i.e. products were evaluated based on three criteria. The first criterion is the quantity of purchased products, the second criterion is the unit price of products and the third criterion is the annual value of purchase. The SWARA method was applied to determine the significance of the criteria, while the classification of products was performed using the MARCOS method. According to the results of the originally created MCDM model, the products were grouped into three categories A, B, and C. Then, a sensitivity analysis was performed using a model involving the integration of SWARA method and ABC analysis. Using this model, the classification of products into three groups was performed on the basis of the aforementioned criteria, and then a comparative analysis was conducted.

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Being sharia compliant is a very important matter for Muslims especially the Millennial generation particularly in obtaining halal foods. In the context product and service selection and purchase, the Millennial generation is considered to have high capability in the aspect of accessing rapid information through the social media. In effect, the Millennial Muslims behavior is enviasaged to enhance the consumption of halal products and services in Malaysia due to their purchasing power. Thus, the main aim of the present study is to examine the purchasing behaviour of Millennial Muslims towards halals products. A dataset comprising of 403 respondents were employed using Structural Equation Modeling-Partial Least Square (SEM-PLS). This cross-section study identified specific factors such as social media influencers, understanding of halal concept and perception of halal logo. Specifically, attitude plays the role of mediator in this study. Thus, this study suggests that the purchase of halal food is influenced by these factors. Hence, producers should strategize their marketing communication efforts on various social networking sites to strengthen consumers awareness on the values of halal products.