Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
Inventory management: a theoretical approach to increasing delivery precision
University of Borås, Faculty of Textiles, Engineering and Business.
University of Borås, Faculty of Textiles, Engineering and Business.
2018 (English)Independent thesis Basic level (professional degree), 10 credits / 15 HE creditsStudent thesisAlternative title
Lagerhantering : en teoretisk metod till ökad leveransprecision (Swedish)
Abstract [en]

A high level of delivery precision from a focal firm to their customers has the potential to provide competitive advantage amongst competing businesses. This report will detail the subject of inventory management and utilize theories on the subject in order to provide recommendations to a multinational company that wishes to increase their delivery precision. The results of the work conducted are presented and recommendations given in the form of firstly analyzing inventory and segregating the product range where applicable. This should be treated as the first priority to gain an insight into where potential problem areas lie and to determine the products that are the biggest contributors to the overall value of goods sold. As a secondary measure, managing supplier relations carefully and the strategic sourcing of materials are strategies that will help to effectively reduce problems through increased visibility of information in communication channels. An accurate demand forecasting model will predict demand ahead of time, ensuring that the correct products are being held as inventory for no longer than is strictly needed, with a safety stock system being used as a safety net for those products that are suitable. A theoretical implementation of exponential II smoothing based forecasting coupled with standard deviation based safety stock calculations, yields results that effectively raises delivery precision. By forecasting demand for individual months and using calculated safety stock levels, the model is able to adjust for the shortfall between forecasted demand and actual demand.

Place, publisher, year, edition, pages
2018. , p. 69
Keywords [sv]
Inventory management, delivery precision, forecasting, lead time, safety stock, LISC, ABC-analysis
National Category
Engineering and Technology
Identifiers
URN: urn:nbn:se:hb:diva-21171OAI: oai:DiVA.org:hb-21171DiVA, id: diva2:1321880
Subject / course
Industriell ekonomi - Högskoleingenjör
Available from: 2019-06-14 Created: 2019-06-10 Last updated: 2019-08-27Bibliographically approved

Open Access in DiVA

fulltext(1483 kB)2312 downloads
File information
File name FULLTEXT01.pdfFile size 1483 kBChecksum SHA-512
424118fe6fbf13038c1884cc2450b5eb10a16e4564ea905a9c448b63c8c0e97de286d903612a4830173338f5a7defe7ba8f931f3ceb20cb4529ef4f0b0171eca
Type fulltextMimetype application/pdf

By organisation
Faculty of Textiles, Engineering and Business
Engineering and Technology

Search outside of DiVA

GoogleGoogle Scholar
Total: 2312 downloads
The number of downloads is the sum of all downloads of full texts. It may include eg previous versions that are now no longer available

urn-nbn

Altmetric score

urn-nbn
Total: 45 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf