Determining Production Lot Sizes and Reorder Points in the Manufacturing of Moulded Fibre
Hämäläinen, Ville (2013)
Savonia-ammattikorkeakoulu
2013
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Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-201301281774
https://urn.fi/URN:NBN:fi:amk-201301281774
Tiivistelmä
Competition in the target company`s business branch has tightened. Improvements in stock management would improve the competitiveness of the company.
Targets of this study were to create cost effective systems to releasing capital tied up to the finished storage and defining and assuring customer service level and
with the help of that improving the profitability. The fourth goal was to explore the possibility to build up a fast, simple and cheap tool for planning the production of
finished goods.
The study is were applied action research methods. This study is third and last part of LEKA – subprojects series done to target company.
The company follows finished good inventory on general level with minimum and maximum inventory levels. The current system sets limits to the inventory levels of total finished goods and it gives a general view to warehouse. Inventory
monitoring on product group- and item level is not in focus. Good finished goods in ventory management would shift focus on product group- and item level by calcu lating safety stocks, order points and economical production quantities for items that should be kept in storage
The Study gives overlook to company`s warehouse management and points out areas for improvement. One of the suggested improvements has already been taken into use and other suggestion is presented to one of the key customers. The study has highlighted the importance of inventory management and management tools will be developed more in future.
Targets of this study were to create cost effective systems to releasing capital tied up to the finished storage and defining and assuring customer service level and
with the help of that improving the profitability. The fourth goal was to explore the possibility to build up a fast, simple and cheap tool for planning the production of
finished goods.
The study is were applied action research methods. This study is third and last part of LEKA – subprojects series done to target company.
The company follows finished good inventory on general level with minimum and maximum inventory levels. The current system sets limits to the inventory levels of total finished goods and it gives a general view to warehouse. Inventory
monitoring on product group- and item level is not in focus. Good finished goods in ventory management would shift focus on product group- and item level by calcu lating safety stocks, order points and economical production quantities for items that should be kept in storage
The Study gives overlook to company`s warehouse management and points out areas for improvement. One of the suggested improvements has already been taken into use and other suggestion is presented to one of the key customers. The study has highlighted the importance of inventory management and management tools will be developed more in future.