Proposal of Improvement in Inventory Levels at TIER One Company
Abstract
In this case study, carried out in a supplier of the automotive industry, it was found an excess of costs due to inventory shortages, causing line stoppage in the company. That puts the company at high risk with penalties from the client, as it may not supply the requested sub-assemblies. To solve this problem, tools were used such as the Pareto diagram to select a client; the ABC classification to select a product; the analysis of the demand to identify the behavior pattern; Holt forecasts to predict demand with greater certainty; and a continuous review model with uncertain demand (q *, R) to set the appropriate inventory level, considering that the client handles a Just-In-Time strategy (JIT). The results indicate that with this improvement proposal can be guaranteed a customer service level of 99.9% and at the same time reduce the inventory logistics costs without receiving penalties.
Full Text:
PDF (SPANISH)References
CARO-CARRETERO, R. AND ORTIZ-MARCOS, S. (2014). “Explanatory factors for the performance rate in a cosmetic company sector,” DYNA Management 2, 1-17.
COLLIER, D.A. AND EVANS, J.R. (2009). Administración de Operaciones. Bienes, Servicios y Cadenas de Valor, Cengage, México.
DAS, A. AND HANDFIELD, R. B. (1997). “Just-in-time and logistics in global sourcing: an empirical study,” International Journal of Physical Distribution & Logistics Management 27, 244 - 259.
DONG, Y., CARTER, C. R. AND DRESNER, M. E. (2001). “JIT purchasing and performance: an exploratory analysis of buyer and supplier perspectives,” Journal of Operations Management 19, 471–483.
WILD, T. (2017). Best practice in inventory management, Routledge, NY.
HANKE, J. E. AND WICHERN, D. (2006). Pronósticos en los negocios, 8va ed., Pearson, México.
HOPP, W. J., SPEARMAN, M. L. AND ZHANG, R. Q. (1997). “Easily Implementable Inventory Control Policies,” Operation Research 45, 327-340.
JAE-DONG HONG, JACK C, HAYYA AND SEUNG-LAE K. (1992). “JIT purchasing and setup reduction in an integrated inventory model,” International Journal of Production Research 30 (2), 255-266.
KRAJEWSKI, L. AND RITZMAN, L. (2008). Administración de operaciones, Pearson Education, México.
SÁNCHEZ-PARTIDA, D., OLIVARES BENÍTEZ, E., MARTÍNEZ FLORES, J.L. (2012). “Determination of parameters for inventory control of spare parts,” Proceedings of the 2012 Industrial and Systems Engineering Research Conference, G. Lim and J.W. Herrmann.
STIG-ARNE, M. (2007). “Inventory control in environments with short lead times,” International Journal of Physical Distribution & Logistics Management 32 (2), 115-130.
HOLWEG, M. (2007). “The genealogy of lean production,” Journal of operations management 25 (2), 420-437.
NAHMIAS, S. (2007). Análisis de la producción y las operaciones, Mc-Graw Hill, México.
PRATAP, M., AND SINGH, H. (2008). “Evaluation and Economic Selection of Raw Materials' Inventory Control Policies: A Case Study,” Journal of Operations Management 7 (4), 21-30.
QING L., HE X. AND SHAOHUI Z. (2008). “Periodic-review inventory systems with random yield and demand: Bounds and heuristics,” IIE Transactions 40 (4), 434-444.
NAHMIAS, S. (2008). Production and Operations Analysis, Mc-Graw Hill, Boston.
Refbacks
- There are currently no refbacks.
