Raw material inventory strategy for make-to-order manufacturing
Thesis: M. Eng. in Logistics, Massachusetts Institute of Technology, Supply Chain Management Program, 2016.
| Main Authors: | , |
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| Format: | Thesis |
| Language: | eng |
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Massachusetts Institute of Technology
2017
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| Online Access: | http://hdl.handle.net/1721.1/107523 |
| _version_ | 1826200241719738368 |
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| author | Chandra, Vikash, M. Eng. Massachusetts Institute of Technology Tulley, Michael |
| author2 | Fredrik Eng Larsson. |
| author_facet | Fredrik Eng Larsson. Chandra, Vikash, M. Eng. Massachusetts Institute of Technology Tulley, Michael |
| author_sort | Chandra, Vikash, M. Eng. Massachusetts Institute of Technology |
| collection | MIT |
| description | Thesis: M. Eng. in Logistics, Massachusetts Institute of Technology, Supply Chain Management Program, 2016. |
| first_indexed | 2024-09-23T11:33:23Z |
| format | Thesis |
| id | mit-1721.1/107523 |
| institution | Massachusetts Institute of Technology |
| language | eng |
| last_indexed | 2024-09-23T11:33:23Z |
| publishDate | 2017 |
| publisher | Massachusetts Institute of Technology |
| record_format | dspace |
| spelling | mit-1721.1/1075232019-04-11T07:05:40Z Raw material inventory strategy for make-to-order manufacturing Chandra, Vikash, M. Eng. Massachusetts Institute of Technology Tulley, Michael Fredrik Eng Larsson. Massachusetts Institute of Technology. Engineering Systems Division. Massachusetts Institute of Technology. Supply Chain Management Program. Massachusetts Institute of Technology. Engineering Systems Division. Supply Chain Management Program. Engineering Systems Division. Thesis: M. Eng. in Logistics, Massachusetts Institute of Technology, Supply Chain Management Program, 2016. "June 2016." Cataloged from PDF version of thesis. Includes bibliographical references (pages 63-64). What is the appropriate raw material inventory strategy for a make-to-order manufacturing company? As companies grow in size and the business environment changes over time, many companies adapt their operating policies to remain competitive. However, some policies, such as raw material inventory policies, are left untouched as "legacies" of the company's past due to lower priorities or lack of adequate data. These raw material inventory policies are of particular importance to manufacturing firms, especially those that often operate at maximum capacity or have seasonality in demand. This research proposes a raw material inventory policy evaluation tool that allows a company to understand how certain key performance indicators are affected by various changes in its inventory policy and helps the company devise a strategy. This evaluation tool can then guide the company towards a better inventory policy in the absence of cost information and shows the results in terms of number of events. The company can then adjust various replenishment policies depending on the product's demand characteristics. In addition, the research demonstrates that inventory policy changes can be used to partially overcome supplier service level declines and demand variability. by Vikash Chandra and Michael Tully. M. Eng. in Logistics 2017-03-20T19:38:17Z 2017-03-20T19:38:17Z 2016 Thesis http://hdl.handle.net/1721.1/107523 962918499 eng MIT theses are protected by copyright. They may be viewed, downloaded, or printed from this source but further reproduction or distribution in any format is prohibited without written permission. http://dspace.mit.edu/handle/1721.1/7582 64 pages application/pdf Massachusetts Institute of Technology |
| spellingShingle | Supply Chain Management Program. Engineering Systems Division. Chandra, Vikash, M. Eng. Massachusetts Institute of Technology Tulley, Michael Raw material inventory strategy for make-to-order manufacturing |
| title | Raw material inventory strategy for make-to-order manufacturing |
| title_full | Raw material inventory strategy for make-to-order manufacturing |
| title_fullStr | Raw material inventory strategy for make-to-order manufacturing |
| title_full_unstemmed | Raw material inventory strategy for make-to-order manufacturing |
| title_short | Raw material inventory strategy for make-to-order manufacturing |
| title_sort | raw material inventory strategy for make to order manufacturing |
| topic | Supply Chain Management Program. Engineering Systems Division. |
| url | http://hdl.handle.net/1721.1/107523 |
| work_keys_str_mv | AT chandravikashmengmassachusettsinstituteoftechnology rawmaterialinventorystrategyformaketoordermanufacturing AT tulleymichael rawmaterialinventorystrategyformaketoordermanufacturing |