scholarly journals Experimental Investigation & Evaluation of Incorporated Material to Set their Optimum Re-Order Point in Kanban Control

2012 ◽  
pp. 25-30
Author(s):  
Ajay Bangar ◽  
Neetu Neetu ◽  
Rajan Sharma ◽  
Vaibhav Tiwari
Keyword(s):  
Mathematical Modeling ◽  
Experimental Investigation ◽  
Significant Part ◽  
Inventory Cost ◽  
Manufacturing Company ◽  
Kanban Control

In a manufacturing company inventory cost is a significant part of expense. So, the Re-order Point (R.O.P.) of the items must be optimum to reduce its carrying cost. We have study about the inventory and R.O.P. in Nevatia Steel & Alloys Pvt. Ltd. Mumbai and tried to find the optimum R.O.P. by applying VED and XYZ Analysis. Finally, for mathematical modeling we also take help of MatLab.

Experimental investigation and mathematical modeling of triode PEM fuel cells

2017 ◽  
Vol 248 ◽  
pp. 518-533 ◽  
Author(s):  
E. Martino ◽  
G. Koilias ◽  
M. Athanasiou ◽  
A. Katsaounis ◽  
Y. Dimakopoulos ◽  
...  
Keyword(s):  
Mathematical Modeling ◽  
Experimental Investigation ◽  
Fuel Cells ◽  
Pem Fuel Cells

scholarly journals An Optimal Order Quantity Of Spare Parts To Minimize Total Inventory Cost Using Periodic Review Approach (R,s,s) Method In PT. XYZ Bandung

2017 ◽  
Vol 1 (02) ◽  
Author(s):  
Feviana Betsi Purba ◽  
Luciana Andrawina ◽  
Murni Dwi Astuti
Keyword(s):  
Spare Part ◽  
Spare Parts ◽  
Optimal Order ◽  
Periodic Review ◽  
Order Quantity ◽  
Inventory Cost ◽  
Inventory Policy ◽  
Total Saving ◽  
Manufacturing Company ◽  
Total Inventory

The availability of spare parts is very crucial thing for manufacturing company in order to support the continuity of production activities. PT XYZ is a manufacturing company which produces thread into fabric. In this case, inventory control of spare part is not properly managed. Inventory position of spare parts in warehouse is always more than inventory policy of the company itself or called overstock which causes total inventory cost is always high. Company only consider on the order fulfillment of spare parts to prevent downtime on the machine that increase performance of production. Hence, order quantity of spare parts is always excessive or not optimal. In this research, global inventory policy conducted in order to minimize total inventory cost is periodic review approach (R, s, S) method. This inventory policy will be calculated using power approximation and obtained total saving cost of holding cost by 31 % while total saving cost of order cost decreased by 7 %. Overall, total inventory cost minimized by 7 % or equal to Rp138.902.742.

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