Warehouse planning and management: Case Medituote
Korhonen, Jari (2024)
2024
All rights reserved. This publication is copyrighted. You may download, display and print it for Your own personal use. Commercial use is prohibited.
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-2024053119030
https://urn.fi/URN:NBN:fi:amk-2024053119030
Tiivistelmä
Suomen Medituote Oy has been facing a predicament relating to high warehouse fill rate. To alleviate this, the company’s internal material flow between two warehouses was selected for analysis. The goal was to find ways to decrease the amount of incoming goods while also ensuring the goods concerned would not run out before the re-order date.
The research began with analysis of existing data to determine important variables regarding the products within the material flow. The demand of the products in question was also visualised in graphs to better understand the demand patterns. Using existing knowledge and the data, formulas to determine case specific re-order point and quantity were developed. These were then used together to develop a tool to determine the need and quantity of new orders.
The tool in question was tested in a simulation conducted in Excel-environment. The simulation was done three times to account for variance in the demand. After observing the results, it was recommended to Medituote that they would test the tool developed in a real scenario.
The research began with analysis of existing data to determine important variables regarding the products within the material flow. The demand of the products in question was also visualised in graphs to better understand the demand patterns. Using existing knowledge and the data, formulas to determine case specific re-order point and quantity were developed. These were then used together to develop a tool to determine the need and quantity of new orders.
The tool in question was tested in a simulation conducted in Excel-environment. The simulation was done three times to account for variance in the demand. After observing the results, it was recommended to Medituote that they would test the tool developed in a real scenario.