A global manufacturing company was experiencing inefficiencies in in its inventory management processes. With suppliers across the world delivering parts for the company’s products, multiple buyers within the company are responsible for tracking the parts required for each product from the manufacturing phase through delivery. The company needed a way to keep a master list of all inventory with easy access to parts’ delivery statuses and other pertinent information relevant to the company. The firm engaged Aciron to develop a custom inventory management system focused on enhancing inventory management through powerful parts tracking, management, and reporting features.
Aciron initiated the project by holding extensive interviews with client personnel to understand the company’s needs and challenges. Aciron followed an agile, iterative, approach to application development, allowing the client to regularly review and make adjustments to the application, and to easily incorporate the clients’ evolving requirements. Throughout the project, Aciron focused on open communication, with regular status reports and meetings, consistently engaging key client personnel and ensuring project milestones were met on time and within budget. Click here to read Solution…
Pearl Polymers Limited (PPL) is one of the most distinguished and reputed manufacturer and exporter of all types of PET (PolyEthylene Terephthalate), containers and bottles in India. The products are marketed under the renowned brand name of “PEARLPET“. Realizing the potential of a food grade and recyclable polymer as versatile as PET, Pearl Polymers Limited successfully ventured in the field of manufacturing and exporting of all types of PET bottles, containers, jars etc using advanced Injection Stretch Blow Molding(ISBM) technology in 1984. From one machine in 1984, they have grown to over 65 machines in five locations. The PEARLPET brand is today looked as a mark of quality. All the units are ISO 9001 certified and are undergoing HACCP (Hazardous Analysis and Critical Control Points) certification.
Pearl Polymers Limited has manufacturing plants at five locations (Gurgaon, Baddi, Pantnagar, Mahad and Jigni) and offices at six locations (Delhi, Gurgaon, Lucknow, Kolkata, Mumbai and Bangalore)…click here to refer the inventory management efforts by Pearl Polymers Limited
A Case Study about Batch Production Inventory System
The plant of BASF under consideration consists of multiple parallel production lines, which produce multiple products in a make-to-stock fashion for process industry. Complicating factors for planning are the stochastic demand, setup times, batch processing and ﬁnite buffer capacities.
The main contribution is the development of a three-stage methodology integrating production and inventory decisions, which can be used for the evaluation and optimization of a wide range of batch-production/inventory systems. Implementation of this methodology in a decision support tool enabled us to identify major opportunities for improvement of current practice.
Case Study about Spare Parts Inventory Management in Malaysia
Abstract :This thesis presents a case study in inventory management of spare parts at company called MIM Resources Sdn. Bhd. The company’s core business is assembling and manufacturing consumer electronics and home appliances such as television. The company does not give adequate importance to inventory management due to various reasons including disorganization of spare parts and use of inappropriate computer software packages combined with inexperienced manpower. As a result, there is an inefficient deployment of inventory and strangulation of monetary flow as well as poor customer service.
Introduction: MIM Resources Sdn. Bhd was incorporated in year 2000 with a team of professionals lead by Mr. K.H. Tan an accountant by profession who has more than 20 years experience in Sales & Marketing of Consumer Electronics and Home Appliances in both the domestic and international markets. He has served in several executive positions in the consumer electronic giants Matsushita Electric Corporation & Malaysia Electronics Corporation. Noticing the immense he put his plan and vision of starting his own assembling and manufacturing company called MIM Resources Sdn. Bhd., targeting the Consumer Electronics and Home Appliances market for the domestic, international and OEM markets. Their major product rangs in Consumer Electronics consists of CRT TV, LCD TV and Plasma TV, and for Home Appliances consist of Air Conditioners, Water Coolers, Electric Irons and Water heaters.
Introduction: Inventory control systems are used for managing the stocks of companies and big distribution organisations. In this unit we will discuss about OOM for invention control systems. We will cover class diagram design, object diagram different kind of relationships, which include generalization, association and collaboration. We will also discuss use case diagrams activities and events. Click here to read more on Inventory Control System
A Case Study about Ericsson Stock & Inventory Management
Challenge: Agility has had a relationship with Ericsson since 2006 and was providing 3PL services for its transmission business in Dandenong, Melbourne. The services included warehousing, pick and pack, inventory management and distribution. A dedicated facility and warehouse management system were established for the Ericsson account.
To manage their expansion, Ericsson needed additional storage capabilities in order to secure the inventory and reverse logistics for its hardware services and warranty repair sector. To find a cost effective solution, they turned to Agility to help grow their business and serve their customers more effectively.
A Case Study about Inventory Control of Spare Parts Using a Bayesian Approach
Abstract: This paper presents a case study of applying a Bayesian approach to forecast demand and subsequently determine the appropriate parameter S of an (S-1,S) inventory system for controlling spare parts of electronic equipment. First, the problem and the current policy are described. Then, the basic elements of the Bayesian approach are introduced and the procedure for calculating the appropriate parameter S is illustrated. Finally, we present the results of applying the Bayesian approach in an innovative way to determine the stock levels of three types of circuit packs at several locations. According to the proposed method, a lower base stock than the one currently used is sufficient to achieve the desired service level.
Introduction: Inventory control of spare parts plays an increasingly important role in modern operations management. The trade-off is clear: on one hand a large amount of spare parts ties up a large amount of capital, while on the other hand too little inventory may result in poor customer service or extremely costly emergency actions. This paper studies a specific case, where a company producing circuit packs as spare parts for telephone switching systems has a policy of keeping its customers content by maintaining a sufficiently high service level. The company, which for confidentiality purposes will be called by the fictitious name “Katharo Technik”, KT for brevity, designs, develops and manufactures communication systems.
Case Study about Best Practices in Inventory Management
Organisation Background: The firm was a leading consumer products company dealing in cosmetics and personal care products with its head office located overseas.
The company had a supply chain network of 3 factories with bonded stock rooms (BSR) attached for despatch to the depots and 35 depots for servicing distributors. Goods move from the factory to the BSR. BSR despatches stocks to Mother CFAs (depot). Other depots receive stocks from the Mother depot and sell them to distributors.
Introduction: The purpose of this exercise is to help your field staff to better understand the communities in which they work, and the roles of individuals and groups within those communities, so you can become a more effective force for community-based conservation. This exercise is a quick, lowtech procedure for identifying a community’s key stakeholders and should result in an outreach strategy visavis these stakeholders that will assist you in achieving your local conservation goals. The evaluation of stakeholders is an important step that enables you to build more powerful constituencies for community conservation work, participate most effectively in local decisionmaking, and avoid potential pitfalls.
Worldwide Conservation Alliance (WCA) hired a new staff person to manage its ten-year-old preserve in the western part of Arcadia County, in the state of Bliss. Previously, the preserve had no onsite staff, and most local residents lived their lives in near-complete ignorance of Worldwide Conservation Alliance. An examination of WCA’s membership database reveals that it has some 750 members in the county, 80% of whom reside in the county’s more urban eastern communities. The preserve consists of three small tracts, 600 acres in all, bordering a small river, which overflows its banks annually. WCA was attracted to the property because the area provides important habitat for several species of rare darters, scores of neotropical songbirds, and the purple-legged frog, which is under consideration for designation as an endangered species.
Case Study on Best Practices in Inventory Management Organisation Background: The firm was a leading consumer products company dealing in cosmetics and personal care products with its head office located overseas. The company had a supply chain network of 3 factories with bonded stock rooms (BSR) attached for despatch to the depots and 35 depots for servicing distributors. Goods move from the factory to the BSR. BSR despatches stocks to Mother CFAs (depot). Other depots receive stocks from the Mother depot and sell them to distributors..
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