Reading: Smart Container Inventory Management: A Conceptual Approach

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Smart Container Inventory Management: A Conceptual Approach

Author:

Lalith Edirisinghe

CINEC, Millennium Drive, IT Park, Malabe, LK
About Lalith

Faculty of Management, Humanities and Social Sciences

College of Transportation Management, Dalian Maritime University, No. 1 Linghai Rd, Ganjingzi, Dalian, Liaoning, China

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Abstract

Containerization has provided a substantial contribution to the global supply chain. However, it is quite a paradox to note that carriers do not practice or pursue a standard container inventory management system. Each individual carrier develops an inventory management mechanism that suits to their vision, mission, and objectives. These practices are hardly shared between carriers and most of them believe that container inventory management is purely the tacit knowledge of their container controllers and nothing to argue on their decisions. This attitude impedes the industry gaining the experience curve advantage and learning by mistakes. Therefore, the same mistake tends to take place quite often which is highly absurd. The paper challenges this reality and recommends a realistic approach to manage the container inventories of carriers that help reduce global container inventory imbalance. The conceptual model comprises Multidimensional carrier index and country index; 3F Container Inventory Management conceptual model; 6R container supply model; and Virtual container pool.
How to Cite: Edirisinghe L. Smart Container Inventory Management: A Conceptual Approach. CINEC Academic Journal. 2017;2:105–10. DOI: http://doi.org/10.4038/caj.v2i0.64
Published on 30 Dec 2017.
Peer Reviewed

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