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An index to evaluate carrier competence in container inventory management

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dc.contributor.author Edirisinghe, L
dc.contributor.author Jin, Z
dc.contributor.author Wijeratne, AW
dc.contributor.editor Gunaruwan, TL
dc.date.accessioned 2022-04-27T05:33:52Z
dc.date.available 2022-04-27T05:33:52Z
dc.date.issued 2017-07
dc.identifier.citation Edirisinghe, L., Jin, Z., & Wijeratne, A.W. (2017). An index to evaluate carrier competence in container inventory management [Extended Abstract]. In T.L. Gunaruwan (Ed.), Proceedings of 2nd International Conference on Research for Transport and Logistics Industry 2017 (pp. 79-82). Sri Lanka Society of Transport and Logistics. https://slstl.lk/r4tli-2017/ en_US
dc.identifier.uri http://dl.lib.uom.lk/handle/123/17731
dc.description Container inventory management (CIM) is an important activity in liner shipping business. The container inventory imbalances (CIIs) can primarily be attributed to global trade imbalances. Well planned, accurately forecasted, realistically allocated, and effectively managed container flows ensure that material and goods are globally supplied on time, in a cost-efficient way. The CIM decisions are usually influenced by many factors (Edirisinghe, Zhihong, & Wijeratne, Container Inventory Management: Factors influencing Container Interchange, 2016). However, there is no standard fool-proof CIM system in place that could effectively and efficiently control these factors (Edirisinghe & Zhihong, Virtual Container Pool: Solution to Container Inventory Imbalance, 2016). It is identified that managing containers comprises of various parameters such as high detention cost, rising inventories, vessel misses, rejection of cargo by buyers and load times: each of which have a significant impact on economic profit as freight containers are usually exchanged in intermodal stations or terminals. The total sum spent on repositioning an empty container (MTY) is a complex calculation because the cost parameters are varied and numerous (Edirisinghe, Zhihong, & Wijeratne, Evaluation Of Expected Payoff Through Container interchange between shipping lines: a solution to container inventory imbalance in Sri Lanka, 2015). The increasing complexity of transportation and manufacturing networks poses huge challenges for container in the process. Thus, new business corporation models are an essential factor. There is a great lack of transparency about container movements and inventory in the network which cause substantial inefficiencies in the entire supply chain. This invariably leads to prohibitive costs in transportation, sourcing, material planning and administering containers as well as to an inadequate availability of containers and therefore to low service quality. Striking an optimum balance between customer demand for the carriage and supply of containers is the key to optimising the utility of containers. If carriers can provide the right size, quantity and quality of containers at the right location/port at the right time when it is demanded by exporters, optimum utilisation will be achieved. It is not easy to know the exact amounts of empty containers required in the future port area. There are 6 CIM strategies, namely: Freight Drop for Import; Freight Drop for Export; Service Agreements; Budget Synchronise; Agile Inventory; and Priority Export (Edirisinghe, Zhihong, & Wijeratne, The Global Impact of Container Inventory Imbalance and the Factors that Influence Container Inventory Management Strategies, 2016). The objective of this paper is to develop an index to evaluate carrier’ competence in CIM. This index has two facets, namely, the CIM competence of an individual carrier and the country index of CIM that represents the CIM competence of all carriers which operate container services in a country. The country index is termed as the multidimensional CIM index5 (MCI)® while the individual carrier’s index is labelled as carriers' CIM competence (CCI)®. en_US
dc.language.iso en en_US
dc.publisher Sri Lanka Society of Transport and Logistics en_US
dc.relation.uri https://slstl.lk/r4tli-2017/ en_US
dc.subject Containers en_US
dc.subject Inventory management en_US
dc.subject Multidimensional index en_US
dc.subject Sri Lanka en_US
dc.subject Shipping en_US
dc.subject Competence en_US
dc.title An index to evaluate carrier competence in container inventory management en_US
dc.type Conference-Extended-Abstract en_US
dc.identifier.faculty Engineering en_US
dc.identifier.department Department of Transport and Logistics Management en_US
dc.identifier.year 2017 en_US
dc.identifier.conference 2nd International Conference on Research for Transport and Logistics Industry 2017 en_US
dc.identifier.place Colombo en_US
dc.identifier.pgnos pp. 79-82 en_US
dc.identifier.proceeding Proceedings of 2nd International Conference on Research for Transport and Logistics Industry 2017 en_US


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