University of Twente Student Theses
Improving the delivery reliability from Company X to its customers by inventory optimization while limiting the increase in overall inventory value.
IJpma, C.F. (2023) Improving the delivery reliability from Company X to its customers by inventory optimization while limiting the increase in overall inventory value.
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| Abstract: | Company X is a multinational paint manufacturer. In this research we improve the delivery reliability from company X to its customers by inventory optimization while limiting the increase in overall inventory value. More specifically, by optimizing the policy of deciding whether to order a product ready-made or tinted. In-house tinting results in the postponement of the point of customization. Therefore, demand is aggregated. We compare this with ordering a product ready-made which means that it is colored at the manufacturing site. We develop a Ready-made or Tinted Decision Model to calculate the cheapest decision. |
| Item Type: | Essay (Bachelor) |
| Faculty: | BMS: Behavioural, Management and Social Sciences |
| Subject: | 01 general works, 58 process technology, 83 economics, 85 business administration, organizational science |
| Programme: | Industrial Engineering and Management BSc (56994) |
| Link to this item: | https://purl.utwente.nl/essays/97792 |
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