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Performance measurement is a vital part of any successful organization. For many companies, the critical performance metrics determined based on their supply chain strategies. However, companies do not have a clear understanding of their adopted supply chain strategy and are incapable of introducing the most critical metrics for measuring their performance. This study determines the supply chain strategy adopted by ketchup companies in Malaysia; it also specifies the most critical factors for measuring companies' performance based on Balanced Scorecard (BSC) perspectives. The final part of...

In this book, a mixed integer programming (MIP) model formulation has been proposed to find out the optimum order quantity, optimum order time, and the minimum total cost of purchasing, ordering, and holding over the predefined planning horizon. Several forecasting techniques have been used to determine future demands. As in reality the price is not always stable, the prices of the parts were estimated. The companies also need an adequate amount of safety stock on hand to avoid stock-outs due to the uncertainty in demand; therefore, optimal safety stock for each part was calculated based on...