In this era, many small-scale industries have been facing problems regarding the management of their supply chains resulting in delays in their deliveries. This happens due to a lack of commitment from the suppliers and other components of the supply chain. This affects the manufacturer’s reputation which leads to losses in the long term. In this paper, we are introducing a mobile application called “Invento”, which aims to help manufacturers and suppliers to manage their inventories and operations effectively and hence increase their productivity. It uses a reward-based system to encourage suppliers to deliver the required material to the manufacturer on time.
Introduction
I. INTRODUCTION
Nowadays many people tend to use mobile apps in their day-to-day lives. As these apps are free to use and due to internet connectivity they can be used by many worldwide. One of the major problems in various manufacturing industries is managing the inventory effectively to deliver the order on time. This is a quite complex process as this requires commitment from all the suppliers. Many firms nowadays outsource the manufacturing of various subparts of their final product. Sheer commitment from these suppliers is required so that the firm can produce and deliver the product on time. This also requires effective and responsive supply chains prone to disruption because of many factors like climate, disasters, demand fluctuation, etc.
This mobile application aims to solve this problem using a reward-based system to encourage all the suppliers in a particular industry to deliver the required components for creating the final product before the deadline. This can be a game changer for many small-scale B2B businesses which aim to manage their inventories and track their orders effectively. The app will contain all the information about the components such as the quantity, quality, weight of the shipment, expected delivery date, etc. RFID tech can also be added to this application for implementation in warehouses to count the inventory and get more data about the shipment.
A. Objectives
To help small and medium-scale industries to manage their inventories effectively.
To track delivery time and order.
To create a platform for industries to manage their supply chain easily.
To make the manufacturer aware of other suppliers in the market.
To encourage the suppliers to deliver the required components on time using a reward-based system.
To create an affordable marketing platform to enhance the growth of local businesses.
B. Scope
In the future we would create a platform to connect various manufacturers with potential suppliers and empower small-scale industries locally and globally.
C. Features
Easy tracking of the delivery time and schedule.
Easy to maintain past and future data of the suppliers.
Easy to select suitable suppliers from the available list.
Ease in manufacturing products before the deadlines
II. LITERATURE SURVEY
Shaolong Hu et al[1], elaborate on how suppliers should be selected and their selection criteria. It also identifies the gaps in the supplier selection model and also the further directions proposed. It also suggests that supplier characteristics play a key role in identifying the right suppliers. These characteristics include procurement price, reserve capacity, agreement cost, procurement prices (which vary with order quantity and lead time), return price, bonus, commitment quantity, production capacity, transportation cost, delivery time, and substitute. During the research, they found out that the most frequently considered objectives are procurement cost, transportation cost, holding cost, and fixed costs
Truong Ngoc Cuong et al[3], discussed the improvement in seaport operations through system optimization. They also tell about the novel management strategy which provides managerial insights and innovative solutions for seaport authorities to make more efficient strategic planning and manage maritime operations effectively.
They also discuss the port management strategy to manage logistics.
P.Manco et al[4], did research that focuses on various topics such as the technology selection methods, the scheduling and production planning, the spare parts management, the supply chain management, and the impact of AM processes on the environmental sustainability of the production systems. These concepts are discussed regarding additive manufacturing and metal additive manufacturing.
Mona Taheri et al[5], did research focusing on the financial considerations in inventory management problems. The research is carried out taking into account the dairy industry. It proposes a model to manage cash flow effectively along with inventory management. According to the research, the Cost Of Goods Sold(COGS) is the most important effect of cash flow management combined with inventory management.
III. PROPOSED SYSTEM
This application can be used by all industries to manage their inventory and keep track of their deliveries effectively. All the employees of the industry right from the operations manager, inventory manager, and the workers can be notified about the order details and expected delivery date. A list of alternate suppliers will also be provided to the manufacturer in case an issue arises with the primary supplier. Following is the interface of the proposed application:
After registering the supplier is redirected to the following page. Here they have to enter details such as material, location(address), supply history, and contact details. In the material section, they have to mention the specific grade of the material. Their exact address will be required as it will be used to connect them to the manufacturers nearby. In the supplier history, they have to mention the manufacturers to whom they have previously supplied. This helps new manufacturers to select the best suppliers for the required material.
IV. ACKNOWLEDGEMENT
We would like to express our deepest gratitude to our supervisor, Prof. Vishal Shinde, for his guidance and support throughout this project. His insightful feedback was invaluable in shaping our research and helping us to overcome various obstacles along the way.
Conclusion
In this modern era, everyone has internet access and mobile phones which can be used to increase productivity at work. This application provides the necessary inventory and operations management tools required to boost productivity in the manufacturing sector and also provides a platform for various local suppliers to compete with the global players.
References
[1] Shaolong Hu et al (2022) Supplier selection in disaster operations management.Volume 82, Part B, August 2022, 101302.
[2] Bin Shen et al (2022) Emerging Technologies in e-commerce operations and supply chain management, Volume 55, September–October 2022, 101203.
[3] Truong Ngoc Cuong et al (2021) Container throughput analysis and seaport operations management using nonlinear control synthesis, Volume 100, December 2021, Pages 320-341.
[4] P.Manco et al (2019) The Additive Manufacturing Operations Management Maturity: a Closed an Open Issue?, Volume 41, 2019, Pages 98-105.
[5] Mona Taheri et al (2023) A fuzzy programming model for optimizing the inventory management problem considering financial issues: A case study of the dairy industry, Volume 221, 1 July 2023, 119766.
[6] Marta Rinaldi et al (2023) A new procedure for spare parts inventory management in ETO production: a case study, Volume 217, 2023, Pages 376-385.
[7] John K.M.Kuwornu et al (2023) The adoption of sustainable supply chain management practices on performance and quality assurance of food companies, Volume 5, December 2023, 100103.
[8] Flaviana Kalignano (2023) An overview of the impact of additive manufacturing on supply chain, reshoring, and sustainability, Volume 7, June 2023, 100103.
[9] Carlos Rodriguez Monroy (2010) Analysis of global manufacturing virtual networks in the aeronautical industry, Volume 126, Issue2, August 2010, Pages 314-323.