Achieving cost efficiency through increased inventory leanness: Evidence from manufacturing industry

• Autorzy: Mor Rahul S. , Kumar Dinesh , Yadav Sarika , Jaiswal Swatantra K.

Identyfikatory

DOI

10.30657/pea.2021.27.6

• Języki publikacji: EN

Abstrakty

EN

Inventory management’s fundamental problem starts with maintaining equilibrium among the operating efficiency, cost of investment, and other allied costs with extensive inventories to keep the actual conflicts at the minimum while optimizing the inventory holding levels. But, inventory management practices have not been well exploited in various manufacturing industries yet. In this study, inventory management tools, i.e., ABC and VED analysis, have been applied in the manufacturing industry, considering 146 items as raw material for an assembly. A total of 15 items under ‘AV’ class have been identified that consume 82.05 % of the total cost, and these items need strict control and frequent ordering. Sigma level of suppliers is also calculated, which comes out to be 2.36, and it must be improved to reduce the overall inventory cost.

Słowa kluczowe

EN

inventory management; ABC; VED analysis; manufacturing industry; lean production

PL

zarządzanie zapasami; ABC; analiza VED; przemysł wytwórczy

• Wydawca: Oficyna Wydawnicza Stowarzyszenia Menedżerów Jakości i Produkcji
• Czasopismo: Production Engineering Archives
• Rocznik: 2021
• Tom: Vol. 27, Iss. 1
• Strony: 42--49
• Opis fizyczny: Bibliogr. 48 poz., rys., tab.

Twórcy

autor

Mor Rahul S.

• Dept. of Food Engineering, National Institute of Food Technology Entrepreneurship and Management, Sonepat - 131028, India

autor

Kumar Dinesh

• Dept. of Production & Industrial Engineering, National Institute of Technology, Jamshedpur - 831014, India

autor

Yadav Sarika

• Dept. of FBM & ED, National Institute of Food Technology Entrepreneurship and Management, Sonepat - 131028, India

autor

Jaiswal Swatantra K.

• Dept. of Mechanical Engineering, National Institute of Technology, Raipur - 492010, India

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Uwagi

Opracowanie rekordu ze środków MNiSW, umowa Nr 461252 w ramach programu "Społeczna odpowiedzialność nauki" - moduł: Popularyzacja nauki i promocja sportu (2021).