Inventory control policy for consumable goods and spare parts of PVD Well Services Company Ltd., Vietnam | |
| Author | Dinh Quang Tam |
| Call Number | AIT Thesis no.ISE-10-25 |
| Subject(s) | Wells Inventories Inventory control |
| Note | A master project report submitted in partial fulfillment of the requirements for the degree of Master of Engineering in Industrial Engineering and Management |
| Publisher | Asian Institute of Technology |
| Series Statement | Thesis ; no. ISE-10-25 |
| Abstract | In the economic downturn, the development or survival of a company depends mainly on how to minimize direct or indirect operation costs. Inventory control is one of the effective measures to solve that problem. This study only focuses on inventory control policy for consumable goods and spare parts. For many reasons in reality, some materials/spare parts are not kept in inventory or kept at a low inventory level. When the equipment experiences a failure, some spare part is needed to help bring the equipment back to working condition. The common problem for inventory here is how to identify all consumable goods/spare part how much to store, and how to monitor the number and plan to order to help avoid production stoppage, reduce the cost and maximize the profit. This study will first summary all consumable goods and spare parts used in PVD Well Services Co. Ltd and develop inventory policies for each of them through mathematical model and the company’ s real business activities. These policies will help the company establish the effective inventory control policies and bring competitive opportunities and profit increase for the company. |
| Year | 2010 |
| Corresponding Series Added Entry | Asian Institute of Technology. Thesis ; no. ISE-10-25 |
| Type | Thesis |
| School | School of Engineering and Technology (SET) |
| Department | Department of Industrial Systems Engineering (DISE) |
| Academic Program/FoS | Industrial Systems Engineering (ISE) |
| Chairperson(s) | Huynh Trung Luong; |
| Examination Committee(s) | Voratas Kachitvichyanukul; |
| Scholarship Donor(s) | Petro Vietnam; |
| Degree | Thesis (M.Eng.) - Asian Institute of Technology, 2010 |