Effective inventory management is fundamental to order fulfillment excellence and supply chain success. In this paper, we develop a strategic inventory management decision tool that integrates inventory classification and inventory control policy decisions for maximizing order fulfillment performance, while accounting for a constraint on inventory budget and the profit expectation of a firm. This inventory solution tool provides critical enhancements to current inventory planning software, which is developed upon the traditional inventory classification scheme and where practitioners have to balance service levels and safety stock decisions through trial‐and‐error. The model allows firms to assess whether the current inventory performance is Pareto optimal, quantify the trade‐offs between various performance measures, and identify the right inventory level according to the firms' strategic goals. In computational results, we demonstrate the trade‐off and positive relationships between key item‐ and order‐based inventory performance measures and short‐term profitability under different levels of inventory budget in a multi‐item finished goods inventory system.

中文翻译：

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通过多项目产成品系统中的集成库存管理提高订单履行绩效

有效的库存管理是卓越订单履行和供应链成功的基础。在本文中，我们开发了一种战略库存管理决策工具，该工具整合了库存分类和库存控制策略决策，以最大化订单履行绩效，同时解决了对库存预算和企业利润期望的约束。该库存解决方案工具对当前库存计划软件进行了重要的增强，该软件是在传统库存分类方案的基础上开发的，从业人员必须通过反复试验来平衡服务水平和安全库存决策。该模型允许公司评估当前的库存绩效是否为帕累托最优，量化各种绩效指标之间的权衡，并根据公司的战略目标确定合适的库存水平。在计算结果中，我们证明了在多项目成品库存系统中，基于关键物料和订单的库存绩效指标与不同库存预算水平下的短期获利能力之间的权衡和正相关关系。