Ivan Elyashevich, Victor Sergeev, Valentina Dybskaya, Anastasia Ivanova
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Category management for the operational resource procurement
The introduction of Category Management in operational resources purchasing helps to improve logistics service levels and increase the profitability of industrial enterprises. There are two main purposes of the provided article. The first purpose is to develop a methodological framework for category management of operational resources supply for large industrial enterprises. Secondly, it aims to offer a mechanism for inter-organizational collaboration with suppliers and contractors in supply chains. This study is based on the methods of forecasting of the uncertain stock demand. Time-series and correlation-regression models are used for forecasting. The first finding of the research is the systematization and classification of the operational resources purchased by industrial enterprises. Modified models of operational resources inventory management and a methodology for assessing tied-up losses are offered in this article and, they are based on category management. A developed methodology allows one to make strategic decisions in the field of procurement. According to the preliminary estimates, implementation of the proposed approaches increases net profit in large industrial companies by 4–5 % in relative periods.
期刊介绍:
The Journal of Innovation and Knowledge (JIK) explores how innovation drives knowledge creation and vice versa, emphasizing that not all innovation leads to knowledge, but enduring innovation across diverse fields fosters theory and knowledge. JIK invites papers on innovations enhancing or generating knowledge, covering innovation processes, structures, outcomes, and behaviors at various levels. Articles in JIK examine knowledge-related changes promoting innovation for societal best practices.
JIK serves as a platform for high-quality studies undergoing double-blind peer review, ensuring global dissemination to scholars, practitioners, and policymakers who recognize innovation and knowledge as economic drivers. It publishes theoretical articles, empirical studies, case studies, reviews, and other content, addressing current trends and emerging topics in innovation and knowledge. The journal welcomes suggestions for special issues and encourages articles to showcase contextual differences and lessons for a broad audience.
In essence, JIK is an interdisciplinary journal dedicated to advancing theoretical and practical innovations and knowledge across multiple fields, including Economics, Business and Management, Engineering, Science, and Education.