Spare Parts Inventory Management System in a Service Sector Company

2021 ◽  
pp. 787-799
Author(s):  
Buse Atakay ◽  
Özge Onbaşılı ◽  
Simay Özcet ◽  
İrem Akbulak ◽  
Hatice Birce Cevher ◽  
...  
PLoS ONE ◽  
2021 ◽  
Vol 16 (11) ◽  
pp. e0259284
Author(s):  
Hailan Ran

The present work aims to strengthen the core competitiveness of industrial enterprises in the supply chain environment, and enhance the efficiency of inventory management and the utilization rate of inventory resources. First, an analysis is performed on the supply and demand relationship between suppliers and manufacturers in the supply chain environment and the production mode of intelligent plant based on cloud manufacturing. It is found that the efficient management of spare parts inventory can effectively reduce costs and improve service levels. On this basis, different prediction methods are proposed for different data types of spare parts demand, which are all verified. Finally, the inventory management system based on cloud-edge collaborative computing is constructed, and the genetic algorithm is selected as a comparison to validate the performance of the system reported here. The experimental results indicate that prediction method based on weighted summation of eigenvalues and fitting proposed here has the smallest error and the best fitting effect in the demand prediction of machine spare parts, and the minimum error after fitting is only 2.2%. Besides, the spare parts demand prediction method can well complete the prediction in the face of three different types of time series of spare parts demand data, and the relative error of prediction is maintained at about 10%. This prediction system can meet the basic requirements of spare parts demand prediction and achieve higher prediction accuracy than the periodic prediction method. Moreover, the inventory management system based on cloud-edge collaborative computing has shorter processing time, higher efficiency, better stability, and better overall performance than genetic algorithm. The research results provide reference and ideas for the application of edge computing in inventory management, which have certain reference significance and application value.


1994 ◽  
Vol 94 (9) ◽  
pp. 22-28 ◽  
Author(s):  
Nagen N. Nagarur ◽  
Tai‐san Hu ◽  
Nirmal K. Baid

2013 ◽  
Vol 18 (3) ◽  
pp. 63-77 ◽  
Author(s):  
Natalie M. Scala ◽  
Jayant Rajgopal ◽  
Kim LaScola Needy

2017 ◽  
Vol 117 (4) ◽  
pp. 754-763 ◽  
Author(s):  
Meimei Zheng ◽  
Kan Wu

Purpose The purpose of this paper is to propose a smart spare parts inventory management system for a semiconductor manufacturing company. Design/methodology/approach With the development of the Internet of Things and big data analytics, more information can be obtained and shared between fabs and suppliers. Findings On the basis of the characteristics of spare parts, the authors classify the spare parts into two types, the consumable and contingent parts, and manage them through a cyber-physical inventory management system. Originality/value In this new business model, the real time information from machines, shop floors, spare parts database and suppliers are used to make better decisions and establish transparency and flexibility between fabs and suppliers.


2013 ◽  
Vol 315 ◽  
pp. 733-738 ◽  
Author(s):  
Noor Ajian Mohd-Lair ◽  
Chuan Kian Pang ◽  
Willey Y.H. Liew ◽  
Hardy Semui ◽  
Loh Zhia Yew

Spare parts inventory management is very important to ensure smooth operation of maintenance department. The main objectives of inventory management of spare parts are to ensure the availability of spares and materials for the maintenance tasks and increase the productivity of the maintenance department. This research centred on the development of the Computerised Inventory Management System (CIMS) for the maintenance team at Weida Integrated Industries Sdn. Bhd. The inventory management technique used to control the spare parts inventory in this research was the basic Economic Order Quantity models (EOQ). However, the CIMS developed is unique as it has the ability in handling inventories in multiple-storage locations. The CIMS was written using the Visual Basic 2010 software. This CIMS has the abilities to keep records and process the spare parts information effectively and faster besides helping the user to perform spare parts ordering tasks compared to the current manual recording. In addition, the ordering quantity and frequency for the CIMS is determined through the EOQ technique. However, observation indicates that the overall average inventory level currently at the factory is lower than the expected overall average inventory level produced by the CIMS. This is due to the fact that the CIMS was unable to consider the opening stock in ordering the inventories. Therefore, further improvements are needed to optimize the performance of the system such as using the EOQ with the reorder point technique, the periodic or continuous review system.


Sign in / Sign up

Export Citation Format

Share Document