REDUCING EXCESS INVENTORY IN A HIGH-MIX LOW-VOLUME MANUFACTURING SETTING

Huiting Liu; Dion Chan; Huay Ling Tay; Yan Weng Tan

Proceedings of ICLT 2016

REDUCING EXCESS INVENTORY IN A HIGH-MIX LOW-VOLUME MANUFACTURING SETTING

Huiting Liu; Dion Chan; Huay Ling Tay; Yan Weng Tan

School of Business, SIM University, Singapore; School of Business, SIM University, Singapore; School of Business, Singapore University of Social Sciences, Singapore; School of Business, SIM University, Singapore

International Conference on Logistics & Transport 2016, Singapore, pp. 160-167

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Abstract

Providing customers with a wide variety of products and services has been a characteristic of some manufacturing and service industries. Increased customisation generally leads to varied proliferation of a given part and often requires Original Equipment Manufacturers (OEMs) to hold inventory of a wide range of variants of a given part. This study investigates the case of an OEM which supplies batteries to its worldwide customers in the electronics industry.

Keywords

inventory; manufacturing

Citation

Huiting Liu; Dion Chan; Huay Ling Tay; Yan Weng Tan (2016). REDUCING EXCESS INVENTORY IN A HIGH-MIX LOW-VOLUME MANUFACTURING SETTING. Proceedings of the International Conference on Logistics & Transport (ICLT 2016), Singapore, pp. 160-167.