A new model developed for supply chain management
Indicating that supply chain management of perishable products has become increasingly important, Asst. Prof. Dr. Mehdi SAFAEI has developed a new model that offers suggestions to supply chains. Safaei aims to minimize total costs and minimize warehouses that cannot maintain product quality. Safaei's work was published in the journal of “Trends in Food Science & Technology” and attracted great attention.
Asst. Prof. Dr. Mehdi Safaei from Istanbul Gelisim University has developed a model that offers suggestions to supply chains. Safaei, aiming to optimize the perishable food supply chain and to provide a new perspective to supply chain management with its model prepared considering all aspects such as location, time, inventory control and routing, said: “With the software to be developed, users will be able to access all the outputs of the model prepared by simply entering the data and minimize the costs.”
Emphasizing the importance of supply chain management of perishable products Asst. Prof. Dr. Mehdi Safaei from Istanbul Gelisim University (IGU) added: “meat products, vegetables and fruits, flowers, photography, films, computer parts, cell phones, fashionable clothing and seasonal goods, as well as medicines, blood and human organs are all perishable products. Therefore, the supply chain management of these products is important.”
“TURKEY'S PHARMACEUTICAL MARKET IS THE 16TH LARGEST IN THE WORLD”
Emphasizing that Turkey is a significant producer of fruits, vegetables nuts, wheat, and milk Safaei added: “Total edible food loss and waste, was calculated as 26.04 million tons/year. Turkey is a large country with more than 79 million inhabitants. Agricultural production and the food industry play important roles in the economy. In addition to the food industry, Turkey has potential in the pharmaceutical industry as well, which could have a very significant impact on the world market economy. Many recent international drug companies have announced that they are planning to invest in Turkey. Turkey's pharmaceutical market is the 16th largest pharmaceutical market in the world. According to reports, the share of the pharmaceutical sector in Turkey is 8 billion, which will grow to 23 billion in 2023 and its exports will reach more than 8 billion. It will enhance the positive outlook for Turkey's pharmaceutical sector as well as strategic partnerships, mergers and acquisitions of domestic and foreign investment in Turkey.”
“IT WILL MINIMIZE THE COSTS”
Safaei indicating that model developed by him is capable of optimizing the inventory of perishable goods along the supply chain, continued as follows: “Turkey also plays an important role in the supply chain of perishable goods, such as food and pharmaceuticals, with its 80 million consumer population and geographical location. These drug and food supply chains are providing services both nationally and internationally. Optimize inventory management of these types of supply chains reduces the cost of the chain as a result of reducing the rate of corruption in products”.
Created Date: : Tuesday, October 22, 2019