| Author | Tran Quoc Thuc |
| Call Number | AIT Thesis no. ISE-96-41 |
| Subject(s) | Materials management
|
| Note | A thesis submitted in partial fulfillment of the requirements for the degree of Master of
Engineering, School of Advanced Technologies
|
| Publisher | Asian Institute of Technology |
| Abstract | A large number of raw materials are necessary for Thien Loe Shoe Company and
therefore the inventory cost involved is a great amount. The existing inventory system of the
company, which is independently controlled according to the customer orders is not optimum.
The objective of this study is to find out an optimum or nearly optimum inventory control
policy. A lot of inventory systems have been proposed and compared to select the best one.
They are MRP lot sizing system, heuristic procedure system, optimum procedure system
including two methods of running on PC and on a mini computer. The best inventory system
is a trade-off between a low total inventory cost, a short time to get the solution, a low expense
of computer-based facilities, and a flexibility of further analyses.
Raw material items are classified according to ABC analysis and supplier. There are
totally 193 items and 11 suppliers. Different proposed inventory models are implemented to
each of supplier families. The results obtained are analyzed, and some recommendations are
made. The heuristic procedure system have been chosen to replace the current inventory
system. This replacement brings a savings of 34 % of the total inventory cost.
|
| Year | 1996 |
| Type | Thesis |
| School | School of Advanced Technologies (SAT) |
| Department | Department of Industrial Systems Engineering (DISE) |
| Academic Program/FoS | Industrial Systems Engineering (ISE) |
| Chairperson(s) | Pastijn, Hugo |
| Examination Committee(s) | Bohez, Erik L. J.; Anulark Pinnoi |
| Scholarship Donor(s) | The Governments of Belgium and The Netherlands |
| Degree | Thesis (M. Eng.) - Asian Institute of Technology, 1996 |