Spare-parts costs and process management optimization

This paper explains in detail the research done at Abbott which is a core component of the study of industrial engineering and management at the university of Twente. The company manufactures drugs and health-related devices and has multiple sites around the world. The thesis focuses on the site Olst. Firstly we needed to understand the current situation and understand the current process then look at the problems that are happening and analyze the data. Then found the an improved ordering policy the order up to policy by calculating safety stock and order up to levels, along side giving other recommendation for the spare part management process at the site.