University of Twente Student Theses
Optimising the ordering and inventory process for an efficient workflow in machine manufacturing
Flach, M.A. (2024) Optimising the ordering and inventory process for an efficient workflow in machine manufacturing.
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| Abstract: | This thesis was performed at IMS in Almelo. This machine manufacturer wants to become an OEM for a specific machine, and want to know how best to structure their ordering and inventory process. The main reason they struggle with ordering, is a high lead time variability. This research aims to set order dates for all components through a simulation optimisation study. The high lead time variability showed that a fairly simple 'rule of thumb' provided good results. Decreasing the lead time variability however, seems to be the best way to decrease costs. By using a structured planning, using safety lead times for clusters of components, the way of working in the purchasing department should become more efficient. |
| Item Type: | Essay (Master) |
| Clients: | IMS BV, Almelo, Netherlands |
| Faculty: | BMS: Behavioural, Management and Social Sciences |
| Subject: | 85 business administration, organizational science |
| Programme: | Industrial Engineering and Management MSc (60029) |
| Link to this item: | https://purl.utwente.nl/essays/104375 |
| Export this item as: | BibTeX EndNote HTML Citation Reference Manager |
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