AN EXPLORATION ON MILK RUN CONCEPT ON INVENTORY MANAGEMENT IN HYUNDAI MOTOR INDIA LIMITED

DOI: https://doie.org/10.1101/Nerj.2024469416

Satwik. R, Dr. D. ANTO PRAVIN SINGH, Aarushi Khanuja, Shivani. R, Charulatha. M, Varsha S


Abstract:

The purpose of this paper is to review the literature on Milk Run Logistics and to present an overview of its implementation practices adopted by the manufacturing organizations. The paper also discusses milk run logistics in the procurement system with a special emphasis on the automobile industry. Milk run system is all about logistics support for the supply chain. Milk run system results in reduction in cost of transportation, travelling path and fuel consumption. The effects of the direct shipment on the traffic conditions and on the environment have also been studied. By introducing the milk run logistics under heavily congested traffic conditions, the supplier can have full control on the procurement process. Also, the number of trucks on road can be reduced thus resulting in improvement in traffic conditions. The effect of the milk run logistics on the reduction of CO2 is also discussed. The promotion of Milk Run logistics can be highly evaluated from the viewpoint of environmental policy.


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