Thesis
Presented to the Faculty of Economics
of the xxx University college
in Partial Fulfillment
of the Requirements
for the Degree of
Master of Science in Logistics
Abstract
A well-designed and steadily performed supply chain is indispensable to healthy performance of manufacturing industries. Starting from this thesis, XL, the main packing supplier of Guangzhou P&G, is selected as the research subject.
Through the study of XL Company, the inventory control throughout the supply chain is analyzed. Thus the lean thinking which is widely used for continuous improvement in manufacturing industries is proposed in the study.
On the basis of analysis of the factors which influence inventory cost, the strategy of avoiding excessive inventory in production is pointed out. The research frame of inventory cost is determined by stages: the raw material inventory, work-in-progress inventory, and finished goods inventory. By SWOT analysis of XL Company, the safety stock level of raw material in XL Company is counted and confirmed. The improvement of raw material safety stock level is determined by adopting Shapiro-wilk & Robert Hammond Inventory Model. Moreover, the principle of Vendor Managed Inventory was also proposed for the raw material inventory strategy.
The XL Company's executive plan in reducing in-progress work is implemented using Value Stream Map Analysis of Lean Thinking. Through analyzing the finished goods, the specific measures which can reduce finishe无忧论文 【http://www.uklunwen.com】d goods inventory by mitigating the Bullwhip Effect are proposed.
Keywords:
Effective supply chain, Lean thinking, Safety stock, Vendor Managed Inventory, Workflow analysis, Bullwhip effect |
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