IMPROVING AND OPTIMISING SPARE PARTS INVENTORY MANAGEMENT

Ng; Shiyun Heidi; Halim; Tony

Proceedings of ICLT 2016

IMPROVING AND OPTIMISING SPARE PARTS INVENTORY MANAGEMENT

Ng; Shiyun Heidi; Halim; Tony

SIM University, Singapore; SIM University, Singapore; SIM University, Singapore; SIM University, Singapore

International Conference on Logistics & Transport 2016, Singapore, pp. 99-107

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Abstract

With increasing market globalisation, the spare parts logistics in Asia-Pacific region has prosper to achieve high business margin for corporate profits. Managing spare parts inventory is challenging. Organisations are realising the higher customers’ expectations on quality and prompt after-sales support to ensure spare parts availability. This is mainly because end customers hope to extract the maximum value from products by extending products’ lifecycle.

Keywords

logistics; inventory; port; quality

Citation

Ng; Shiyun Heidi; Halim; Tony (2016). IMPROVING AND OPTIMISING SPARE PARTS INVENTORY MANAGEMENT. Proceedings of the International Conference on Logistics & Transport (ICLT 2016), Singapore, pp. 99-107.