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Inventory control model based on Big Data, EOQ, ABC and forecast to increase productivity in a hardware SME

Research output: Chapter in Book/ReportConference contributionpeer-review

3 Scopus citations

Abstract

Within the commercial sector, SMEs represent more than 90% of all companies; they are responsible for 50% of GDP and generate between 60% and 70% of employment worldwide, which is why they are critical in the Peruvian economy. However, through an exhaustive review of the literature and sectoral analysis, we concluded they have a high risk of failure in the short term due to various problems, such as poor inventory management. In Peru, the provisions for carrying out inventories usually have a ratio of between 1% and 1.4% of the total inventory stock; thus, SMEs belonging to the hardware sector more frequently present this problem that affects the profitability of their companies. For this reason, the need arises to design an inventory control model that increases the productivity of hardware SMEs. After the pilot implementation of the first component, an increase in distribution efficiency of 11% is achieved, and its effectiveness is supported by simulating the entire model, obtaining the same results.

Original languageAmerican English
Title of host publicationProceedings of the 2023 14th International Conference on E-Education, E-Business, E-Management and E-Learning, IC4E 2023
PublisherAssociation for Computing Machinery
Pages271-275
Number of pages5
ISBN (Electronic)9798400700651
DOIs
StateIndexed - 1 Feb 2023
Externally publishedYes
Event14th International Conference on E-Education, E-Business, E-Management and E-Learning, IC4E 2023 - Virtual, Online, China
Duration: 1 Feb 20234 Feb 2023

Publication series

NameACM International Conference Proceeding Series

Conference

Conference14th International Conference on E-Education, E-Business, E-Management and E-Learning, IC4E 2023
Country/TerritoryChina
CityVirtual, Online
Period1/02/234/02/23

Bibliographical note

Publisher Copyright:
© 2023 ACM.

Keywords

  • ABC analysis
  • Big Data
  • EOQ
  • Increased productivity
  • inventory control
  • SMEs

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