Sustainable Inventory Management
Perspectives from India
By: Nita H. Shah, Mandeep Mittal
The book provides various research methods and ordering policies for inventory management in the sustainable environment in India. Sustainable inventory management is an area in which more studies from India are needed. In the age where global warming, environmental disasters, and increased public awareness about environmental issues encourage countries to reduce greenhouse gas (GHG) emissions, this book includes a collection of research studies that elaborate various inventory models to determine optimal ordering policy and provide helpful suggestions for reduction in carbon emission while managing inventory. The book is beneficial for practitioners, educators, and researchers in India and other countries. It is also helpful for retailers/managers to improve business functions and make more accurate and realistic decisions.
AI Overview
The book "Sustainable Inventory Management: Perspectives from India" by Nita H. Shah and Mandeep Mittal is a comprehensive guide to inventory management practices that prioritize sustainability. Here is a detailed overview of the book:
Key Themes
Sustainability in Inventory Management: The book focuses on the need for sustainable practices in inventory management, particularly in the context of India. It emphasizes the importance of reducing greenhouse gas emissions and minimizing environmental impact through inventory management strategies.
Research Methods and Ordering Policies: The authors provide various research methods and ordering policies that can be used to optimize inventory management in a sustainable environment. These include strategies for determining optimal ordering policies and reducing carbon emissions.
Environmental Impact: The book highlights the environmental impacts of inventory management, such as materials used for manufacturing and packaging, carbon emissions from transportation, storage, and handling, energy usage in facilities, and waste from excess raw materials, packaging, or unsold finished goods.
Inventory Optimization: It includes a collection of research studies that elaborate various inventory models to determine optimal ordering policies. This helps in making more accurate and realistic decisions for retailers and managers.
Practical Applications: The book is beneficial for practitioners, educators, and researchers in India and other countries. It offers practical insights and suggestions for improving business functions by integrating eco-friendly practices into inventory management.
Plot Summary
The book does not have a narrative plot but rather a structured approach to sustainable inventory management. It covers various aspects of sustainable inventory management, including:
- Inventory Classification and Segmentation: The authors discuss schemes for classifying inventory based on environmental impact, material characteristics, source location, or disposal requirements. This helps in optimizing handling and prioritizing action on high-impact items.
- Risk Management and Compliance: The book addresses risk management by balancing supply security with environmental impact through supplier diversification, circular supplies, and contingency planning. It also emphasizes regulatory compliance for responsible disposal, emissions monitoring, worker safety, environmental reporting, and supply chain disclosures.
Critical Reception
While there is no specific critical reception available for the book, it is clear from the descriptions that it is a valuable resource for practitioners, educators, and researchers looking to integrate sustainable practices into their inventory management strategies. The book's focus on practical applications and its inclusion of various research methods make it a useful tool for improving business functions and reducing environmental impact.
Additional Resources
For those interested in learning more about sustainable inventory management, there are additional resources available. The Academy93 course on sustainable inventory management includes handpicked books that offer invaluable insights into the field, empowering learners to integrate eco-friendly practices into their inventory management strategies.