• Title/Summary/Keyword: Production and Inventory Management

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Implement Semi-Product Commonization Design for Reduction of Inventory : Focusing on Concrete Pump Truck Frame Assemble Process (펌프카 재고 감축을 위한 반제품 공용화 설계 구현 : H사(社) 펌프카 프레임 조립 공정 중심으로)

  • Kim, Kyung-Hun;Park, Chan-Woong
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.43 no.4
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    • pp.142-149
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    • 2020
  • A manufacturing company should produce its products and make a profit to continue its management. With the adoption of a multi-category small-volume production system, manufacturers that produce concrete pump-cine products are carrying out improvement activities to increase their market share amid the business-to-customer business environment. However, the slump in the construction investment environment has led to a decline in sales of concrete pump trucks. The purpose of holding inventory is to prevent loss of sales opportunities with the rate of change in the sales plan, and reducing the rate of change in the product can reduce unnecessary inventory and, in order to realize this, the goal of reducing inventory can be achieved by reviewing the parts that can be designed for common use. Therefore, to reduce the inventory of concrete pump trucks, semi-finished publicization design is necessary. According to the analysis, the frame assembly process of the 32M model is common. Production capacity can be secured without loss of sales opportunity.

Production and Shipment Planning for a Multi-Product Inventory Model with Cyclic Production Incorporated (복수제품의 순환생산을 위한 생산배송계획 수립연구)

  • Juhn, Jae-Ho;Yoon, Sang-Hum;Lee, Ik-Sun
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.35 no.1
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    • pp.169-180
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    • 2012
  • 본 논문은 (1 : 1 : $N$) 재고모형에 대한 복수제품의 순환생산 및 배송 일정계획을 수립하는 연구를 수행하였다. 세부적으로 공급자가 원자재를 생산자에게 배송하면, 생산자는 순환생산방식을 활용하여 복수의 제품을 생산하여 $N$ 구매자에게 배송하는 상황을 고려하고 있다. 본 연구의 목적은 공급자, 생산자, 구매자를 포함하는 시스템 전체의 비용을 최소화하는 계획을 수립하는 것이다. 최적해가 가지는 몇 가지 특성들을 분석하고, 이를 통해서 단계적인 휴리스틱 절차를 제시할 것이다. 테스트 실험을 통해서 제시된 휴리스틱 절차가 매우 효과적이면서도 효율적이라는 점을 입증하게 될 것이다.

System Dynamics Inventory Model with Imperfect Inspection and Reverse Logistics (품질검사의 불완전성과 회수물류를 고려한 시스템 다이나믹스 재고 모형)

  • Yu, Seung-Ho;Park, Myeong-Seop
    • Proceedings of the Korean Operations and Management Science Society Conference
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    • 2006.11a
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    • pp.391-402
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    • 2006
  • Most previous studies considering inventory models for imperfect quality assumed that defective items could be completely detected by inspection and fixed before delivery to customers. This makes it difficult to adopt their research results to practice. This study reduces the assumption of perfect inspection, and presents an inventory model considering reverse logistics caused by imperfect inspection. System dynamics model is used to describe complex and dynamic problem and to show the effect of imperfect inspection on profit by simulation. Then, this article provides a guideline for the inspection policy which provides the maximum profit.

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An Analysis of Two-stage Manufacturing Systems with Random Processing Times

  • Koh, Shie-Gheun;Hwang, Hark
    • Journal of the Korean Operations Research and Management Science Society
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    • v.22 no.1
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    • pp.59-73
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    • 1997
  • This papaer analyzes a system with consists of two workstations that are separated by finite buffer storage. In this system, we assume that the processing time in each station in a random variable and each station is not vulnerable to failure. To control the in-process inventory in the serial production system we use the (R, r) policy which is similar to the (s, S) policy in the inventory theory. Under the (R, r) policy the preceding station is forced down when the inventory level in the buffer reaches R and starts operation again when the inventory level falls to r. For the model developed, we analyze the system characteristics and the system performances.

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A Study on Smart Factory Construction Method for Efficient Production Management in Sewing Industry

  • Kim, Jung-Cheol;Moon, Il-Young
    • Journal of information and communication convergence engineering
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    • v.18 no.1
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    • pp.61-68
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    • 2020
  • In the era of the fourth industrial revolution, many production plants are gradually evolving into smart factories that apply information and communication technology to manufacturing, distribution, production, and quality management. The conversion from conventional factories to smart factories has resulted in the automation of production sites using the internet and the internet of things (IoT) technology. Thus, labor-intensive production can easily collect necessary information. However, implementing a smart factory required a significant amount of time, effort, and money. In particular, labor-intensive production industries are not automated, and productivity is determined by human skill. A representative industry of such industries is sewing the industry. In the sewing industry, wherein productivity is determined by the operator's skills. This study suggests that production performance, inventory management and product delivery of the sewing industries can be managed efficiently with existing production method by using smart buttons incorporating IoT functions, without using automated machinery.

Analysis of Financial Management Activities in Elementary School Foodservices (초등학교급식에서 수행되는 급식비 관련 재무관리 업무분석)

  • Choe, Eun-Hui;Lee, Jin-Mi;Gwak, Dong-Gyeong
    • Journal of the Korean Dietetic Association
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    • v.2 no.2
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    • pp.123-140
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    • 1996
  • The purpose of this study was to examine financial management practices in elementary school foodservices. Respondents were asked to provide information on demographics, operational characteristics, financial management activities(responsibility, importance and time demand). Data were collected from 106 elementary school foodservice using the mail questionnaire. The results were as follows 1. Time demand of 14 financial management activities was examined. The results of time-demand showed that most financial activities were performed about once per month. Reporting, inventory checking and production cost accounting were performed several times per week. 2. Major financial management activities performed by school dietitians were inventory checking, record keeping, production cost accounting, and foodservice operation planning. 3. Results of the importance rating of 14 financial management activities showed that the production cost accounting, budgeting, controlling meal costs, reporting the national treasury accounts, and inventory checking were rated as very important(4.00-4.49). Factor analysis was conducted on the importance ratings. Five activities were differentiated such as budgeting, record keeping, cost controlling, cost accounting, and reporting. The cost controlling task was identified at the most important one among them. 4. Important ratings for reporting were found to be significantly different by age, and years of experience. The younger and the less experienced were responded with higher scores on reporting. Analysis of variance for the importance scales by meal costs per one person, food cost percentage, labor cost percentage was conducted, but significant differences were not founded.

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Internet Based for Computer Integration Manufacturing System

  • Suesut, T.;Hankarjonsook, C.;Tipsuwanporn, V.;Tammarugwattana, N.;Tirasesth, K.
    • 제어로봇시스템학회:학술대회논문집
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    • 2003.10a
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    • pp.260-263
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    • 2003
  • This paper has developed the computer integration manufacturing system and Internet based tele-operations. The functions of CIMS include production planing, material requirement planning, work order generation, process control, quality control, shipping planning, warehouse and inventory management and material cost accounting.[1] In this paper focuses on the automatic warehouse control and inventory management by developing the information system as well as the Internet-based integration. The system overview is divided into three parts, the mechanical system, the computer and developed software to control and manage the information and the communication system. The mechanical system consists of the warehouse machine and forklift mobile robot controlled by programmable logic controller (PLC). The computer works on many functions such as control station interfaces with PLC, managing database and inventory, and Internet server to broadcast the inventory database to users via World Wide Web and monitoring the operation on web camera. Our scheme the inventory database can be checked easily anywhere and anytime when the users connect to the Internet. In this article, the lead-time and inventory level can be reduced therefore the holding cost and operating time is also decreased.

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An Optimal Ordering policy on Both Way Substitutable Two-Commodity Inventory Control System

  • Tanaka, Masatoshi;Yoshikawa, Shin-ichi;Tabata, Yoshio
    • Industrial Engineering and Management Systems
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    • v.4 no.2
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    • pp.145-157
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    • 2005
  • There are a lot of raw materials, work-in-processes and finished goods in manufacturing industry. Here, the less stock of materials and work-in-processes manufacturing industry has, the worse the rate of the production is. Inversely, the more manufacturing industry has, the more expensive the cost to support them is. Thus, it is important for us to balance them efficiently. In general, inventory problems are to decide appropriate times to produce goods and to determine appropriate quantities of goods. Therefore, inventory problems require as more useful information as possible. For example, there are demand, lead time, ordering point and so on. In this paper, we deal with an optimal ordering policy on both way substitutable two-commodity inventory control system. That is, there is a problem of how to allocate the produced two kinds of goods in a factory to m areas so as to minimize the total expected inventory cost. The demand of each area is probabilistic, and we adopt the exponential distribution as a probability density function of demand. Moreover, we provide numerical examples of the problem.

Sensitivity Analysis for Production Planning Problems with Backlogging

  • Lee, In-Soo
    • Journal of the Korean Operations Research and Management Science Society
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    • v.12 no.2
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    • pp.5-20
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    • 1987
  • This paper addresses sensitivity analysis for a deterministic multi-period production and inventory model. The model assumes a piecewise linear cost structure, but permits backlogging of unsatisfied demand. Our approach to sensitivity analysis here can be divided into two basic steps; (1) to find the optimal production policy through a forward dynamic programming algorithm similar to the backward version of Zangwill [1966] and (2) to apply the penalty network approach by the author [1986] in order to derive sensitivity ranges for various model parameters. Computational aspects are discussed and topics of further research are suggested.

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CHAOS IN PRODUCTION PLANNING

  • Haghighirad, Farzad;Makui, Ahmad;Ashtiani, Behzad
    • Journal of applied mathematics & informatics
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    • v.26 no.3_4
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    • pp.739-750
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    • 2008
  • A phenomenon which is seen in some of the manufacturing systems and production planning is chaos and the butterfly effect. The butterfly effect points out that in case of the presence of nonlinear relations in system and incorrect estimation of initial values of variables, the error in the estimates of system state will be intensified, and after a while there will be a large distance between available state of system and reality. Using mathematical means and computer simulation, we have tried to demonstrate that in a production system the numerical combination of Cycle Time (CT), Adjustment Time between existing and desired Work In Progress (WIP), and Adjustment Time between current and desired inventory can lead to chaos and butterfly effect in the behavior of the inventory state variable. Our paper concludes with a discussion of a hypothesis that emerged from this research.

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