Benefits of Remanufacturing in Reverse Supply Chains | Chapter 11 | Science and Technology: Recent Updates and Future Prospects Vol. 11

 

This paper described an overview of a reverse supply chain in general and a re-manufacturing process in a reverse supply chain. A Reverse Supply Chain (RSC) deals with the backward flow of products returned from users. Increasing attention has been given to the RSC due to the increasing value of products and technology at the end of direct supply chains as well as the impact of green legislation. A general model was used in order to examine possible re-manufacturing processes in reverse supply chains. Several remanufacturing model processes were investigated. A case study on a small-to-medium enterprise dealing with electronic products and having RSC processes was considered. A mathematical model was proposed to evaluate the cost of remanufacturing process with the objective of minimizing remanufacturing cost. Using cost as a measurement metric in this research limits the model, as minimizing cost is not always the main objective of a system. With end-of-life products, the mathematical model could be different to cover regulation instead of minimum cost.

 

 

Author(s) Details

Maulida Boru Butar Butar

Universitas Gunadarma, Jalan Margonda Raya No.100, Depok, Indonesia.

Mohammad Yamin

Universitas Gunadarma, Jalan Margonda Raya No.100, Depok, Indonesia.

 

Please see the link:- https://doi.org/10.9734/bpi/strufp/v11/1479

Leveraging Risk Management and Standardization to Foster Innovation in the Post-Pandemic COVID Era | Chapter 3 | New Advances in Business, Management and Economics Vol. 5

COVID-19, which emerged in late 2019, has profoundly disrupted multiple facets of life, including social, economic, and work models in organizations such as government organizations, private organizations, and businesses. These disruptions have posed significant challenges to global and local supply chains, affecting key activities such as production, processing, distribution, and consumption. Organizations and policymakers have implemented various measures to mitigate the adverse effects of the pandemic, not only to control the health crisis itself but also to address its short-term, mid-term, and long-term socio-economic consequences. On the other hand, there are also opportunities to open innovation based on the lessons learned from the COVID-19 pandemic and offering valuable lessons for organizations and industries to rethink their operational models. The crisis has highlighted the critical role of risk management and standardization in fostering adaptive and resilient systems that can withstand future disruptions. By leveraging structured risk assessment frameworks and standardized practices, organizations can enhance their ability to innovate while maintaining stability and efficiency. This paper describes the role of risk management and standardization in supporting innovation in the new normal based on lessons learned during the COVID-19 pandemic which is the intersection of risk management, standardization, and innovation in the post-pandemic era, emphasizing how structured frameworks can facilitate adaptive solutions. Key factors affecting risk management and standardization on the innovation are identified and analyzed. Some recommendations for improvement based on risk management and standardization are also summarized. The method used in this review is descriptive-analytic based on literature studies from several scientific journals, and publications released by international organizations, associations, and government.

 

Author (s) Details

 

Bambang Prasetya
Research Center for Testing Technology and Standard, National Research and Innovation Agency (BRIN), Bld 720, BJ Habibie Science and Technology Park, PUSPIPTEK, Setu, South Tangerang, Banten, 15314, Indonesia.

 

Yopi
Deputyship of BRIDA, National Research and Innovation Agency (BRIN), Jl. MH Thamrin 8, Jakarta 10340, Indonesia.

 

Biatna Dulbert Tampubolon
Research Center for Testing Technology and Standard, National Research and Innovation Agency (BRIN), Bld 720, BJ Habibie Science and Technology Park, PUSPIPTEK, Setu, South Tangerang, Banten, 15314, Indonesia and Chair of Innovation Economics, TU Berlin, Straße des 17. Juni 135 10623 Berlin, Germany.

Please see the book here:- https://doi.org/10.9734/bpi/nabme/v5/4728

An Integrated On-demand Technology for Pharmaceutical Drug Traceability in the US | Chapter 6 | Advanced Concepts in Pharmaceutical Research Vol. 1

 Pharmaceutical serialization is a permissible requirement that ensures each part of prescribed drug is given a special unique identifying number. In the supply chain, this unique labeling is utilized for product following and authentication. To decrease the risk of fake medications entering the US display, the Drug Supply Chain Security Act (DSCSA) first introduced drug drug serialization laws in 2018. A 2D data form barcode encoded accompanying a unique identity must be impressed on each drug unit apiece pharmaceutical drug maker. Basically, the risk of drug copying cannot be completely removed by simply printing a distinctive identifying rule for authenticity and traceability on each prescription cures. Therefore, by copying the alike information in numerous parts, criminals and drug counterfeiters can still present unlawful or stolen cures into the supply chain through an illicit beginning or online commerce. We found that the US market wanted a technology to authenticate individual cure units accompanying a centralized, secure repository before discharging them to cases. The United States ultimately requires a joined on-demand technology place all approved trading participants to be related for drug authentication. Before releasing cures into the market, the maker must update the product's singular identifier in the in the middle connected hub table. This procedure will guarantee that subjects are receiving genuine cure and reduce the chance of administering unauthorized or counterfeit pharmaceuticals.

Author(s) Details:

Shambhu Sarkar,
Jubilant HollisterStier LLC, Pennsylvania, USA.

Please see the link here: https://stm.bookpi.org/ACPR-V1/article/view/12077

Preventing Adverse Effects of Medicines: A Knowledge Attitude and Practice Study of Leaders in the Nigerian Public Health Supply Chain | Chapter 9 | New Advances in Medicine and Medical Science Vol. 8

 Pharmacovigilance is delineated as ‘‘the science and activities having connection with the detection, estimate, understanding and prevention of adverse belongings or any additional drug-related problem.” This study checked the knowledge, stance, and practice of pharmacovigilance by leaders in the public health drug supply chain management in Nigeria. The key practice approach of pharmacovigilance includes spontaneous reporting of antagonistic drug reactions and guaranteeing continuous post-marketing following of the quality and security of medicines. The success of pharmacovigilance depends on the knowledge, attitude, and willing participation of healthcare personnel, sufferers, and institutions. A cross-divided approach was used in the survey of 209 leaders of picked public health organisations. Purposive examining technique was used to administer certified semi-organized questionnaire. Questions were drawn from the Nigerian social pharmacovigilance policy. A 55% answer  rate was received as feedback. Among the responders, healing doctors and medical workshop scientists had better knowledge and practice of pharmacovigilance than pharmacists. Factors guide practice of pharmacovigilance include knowledge of the pharmacovigilance policy (OR = 1.90; P = .11), training given by respondents' organisations (OR = 1.34; P = .48), accused' organisation receiving periodic revises from the National Pharmacovigilance Centre (OR = 1.11; P = .85) and respondents alone receiving periodic revises (OR = .83; P = .73). In conclusion, the study suggests that listening the safety and quality of cures in the public health scope of Nigeria could improve through raised awareness of the interstate pharmacovigilance policy, training in pharmacovigilance, and regular safety media by the national pharmacovigilance centre.

Author(s) Details:

Anthony Obieze,
USAID Global Health Supply Chain-Procurement and Supply Management Project, Abuja, Nigeria.

Please see the link here: https://stm.bookpi.org/NAMMS-V8/article/view/11077

A Brief Study about Supply Chain Finance | Chapter 09 | New Innovations in Economics, Business and Management Vol. 8

 One facet of supply chain finance, or how money goes back to suppliers, will be discussed in this chapter. In general, supply chain financing occurs when companies (buyers) use a financer/funder to pay their bills to suppliers (sellers) (bank or any financial institution). The chapter provides an important overview of Supply Chain Finance and its growing relevance. The chapter, which focuses on Supply Chain Finance, also discusses the evolution of Supply Chain Finance, including its history, benefits, and drawbacks. The goal of this research is to give students a fundamental grasp of Supply Chain Finance, including its idea, benefits, advantages, and downsides, as well as how it operates. The chapter finishes by looking at Supply Chain Finance's future possibilities.

Author(S) Details

Hajar Alawi
Dhofar University, Sultanate of Oman.

Mohammed Abdul Imran Khan
Dhofar University, Sultanate of Oman.

View Book:- https://stm.bookpi.org/NIEBM-V8/article/view/6740

Heuristic Simulation–Optimization Approach to Information Sharing in Supply Chains: A Descriptive Study | Chapter 10 | Novel Research Aspects in Mathematical and Computer Science Vol. 1

 The supply chain's long-term viability is only possible if all levels involved in the supply chain are profitable. Each of these tiers will be profitable if information sharing and an effective and seamless coordination mechanism are achieved between them. This approach reduces the bullwhip effect, which is a substantial risk factor. The most ideal supply chain is a symmetric chain in which the product quantity is transmitted from the upstream tier to the downstream tier in an amount equal to the tier's order quantity. The study's goal is to determine the required level of information sharing in order to optimise a supply chain with asymmetric input and output values, as well as to investigate the effects of information sharing on the supply chain's order fill rate (OFR) and total inventory cost (TIC) using analysis of variance (ANOVA) testing. The supply chain was optimised using particle swarm optimization (PSO), using an objective function that assumed maximum OFR and minimum TIC. The proposed method gave excellent results when comparing the mean, variance, and coefficient of variation. In addition, the technique used an ANOVA test with a 5% significance criterion to confirm the impact of the information sharing level.

Author(S) Details

Kyoung Jong Park
Department of Business Administration, Gwangju University, 277 Hyodeok-ro, Nam-gu, Gwangju 61743, Korea.

View Book:- https://stm.bookpi.org/NRAMCS-V1/article/view/6556

Study on Supply Chain Model with Stochastic Demand, Rework, Trade-credit, Variable Transportation Cost and Lead-time Dependent Ordering Cost Reduction| Chapter 11 | New Approaches in Engineering Research Vol. 9

 This research looks on a vendor-buyer supply chain system with a regularly distributed lead time demand. Imperfect production and defective rework are taken into account. The reduction of lead time and the cost of ordering are interdependent. Variable transportation costs and trade-credit financing are also taken into account. The goal of this study is to optimise the combined predicted total profit by giving an interdependent lead-time and ordering-cost reduction technique, as well as determining theNumber of deliveries, lead time, order lot size, ordering cost, and lead-time crashing cost are all optimal numbers. To establish the model, a suitable solution algorithm and a numerical example are presented.

Author (S) Details

Dr. Monami Das Roy
Department of Mathematics, Haldia Government College, Vidyasagar University, PurbaMedinipur - 721657, West Bengal, India.

View Book :-https://stm.bookpi.org/NAER-V9/article/view/2824

Investigation on Stackelberg Game for Product Renewal in Supply Chain | Chapter 4 | Recent Studies in Mathematics and Computer Science Vol.4

 The paper studied the process of product renewal in a supply chain, which is composed of one manufacturer and

one retailer. There are original product and renewal product in the supply chain. A market share shift model for
renewal product was firstly built on an increment function and a shift function. Based on the model, the
decision-making plane consisting of two variables was divided into four areas. Since the process of product
renewal was divided into two stages, Stackelberg-Nash game model and Stackelberg-merger game model could
be built to describe this process. The optimal solutions of product pricing strategy of two games were obtained.
The relationships between renewal rate, cost, pricing strategy and profits were got by numerical simulation.
Some insights were obtained in this paper. Higher renewal rate will make participants’ profits and total profit
increase at the same margin cost. What is more important, the way of the optimal decision-making of the supply
chain(SC) was that renewal product(RP) comes onto the market with a great price differential between original
product (OP) and RP.

Author(s) Details
Yong Luo
School of Electrical Engineering, Zhengzhou University, Zhengzhou, 450001, China.

Yamin Lou
School of Electrical Engineering, Zhengzhou University, Zhengzhou, 450001, China.

Shizhao Wang
School of Electrical Engineering, Zhengzhou University, Zhengzhou, 450001, China.

View Book :- http://bp.bookpi.org/index.php/bpi/catalog/book/234