• ISSN: 2010-0248 (Print)
    • Abbreviated Title: Int. J. Innov.  Manag. Technol.
    • Frequency: Quarterly
    • DOI: 10.18178/IJIMT
    • Editor-in-Chief: Prof. Jin Wang
    • Managing Editor: Ms. Nancy Y. Liu
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    • E-mail: ijimt@ejournal.net
HOME > Archive > 2023 > Volume 14 Number 4 (Nov. 2023) >
IJIMT 2023 Vol.14(4): 138-142
doi: 10.18178/ijimt.2023.14.4.950

Management Model to Increase Inventory Rotation in SMEs in the Mining Industry

Monika Ciesielkiewicz1,*, Claire F. Bonilla2, and Carlos Olave-Lopez-de-Ayala3
1. School of Education, Computense Unversity of Madrid, Spain
2. Department of Computer Science, UDIMA—Universidad a Distancia de Madrid, Spain
3. School of Ecomomics, University of Valencia, Spain
Email: monikacies@gmail.com(M.C.); clairefbonilla@gmail.com(C.F.B.); carolode@alumni.uv.es(C.O.-L.A.)
*Corresponding author

Abstract—Logistics is an area that determines, in many cases, the prosperity of a company. Regardless of its size, the search for new tools, procedures and management techniques has increased in recent years. In the mining sector, the 49,9% of companies do not have an inventory control mechanism; therefore, a low turnover of this. This can be for three reasons: inefficient purchasing policy, inadequate demand planning, and inadequate storage method. For this reason, a model conformed by the following tools was developed: ABC classification, JIT, MRP, and inventory management. Likewise, the Arena Software was used in an SMEs that imported drill bits for the mining industry to validate the described model. The results were a 62% improvement over the purchasing policy, a 73% decrease in cycle time, and only the use of one worker for the import process, allowing the other worker to be in another area. Finally, with this research is possible to conclude that correct inventory management has a positive impact on the company's economy.

Index Terms—ABC, JIT, MRP, Inventory management, inventory rotation

The authors are with Facultad de Ingeniería, Universidad de Lina, Perú.
*Correspondence: jcquiroz@ulima.edu.pe (J.C.Q.F.)

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Cite: Zenia Beatriz Campos-Espejo, Anthony Andre Coronado-Zamalloa, Juan Carlos Quiroz-Flores*, Martín Collao-Diaz and Alberto Flores-Pérez, "Management Model to Increase Inventory Rotation in SMEs in the Mining Industry," International Journal of Innovation, Management and Technology vol. 14, no. 4, pp. 138-142, 2023.

Copyright © 2023 by the authors. This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited (CC BY 4.0).

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