Investigation on inventory network
Date of Issue2016-05-18
School of Electrical and Electronic Engineering
Recently, the inventory optimization has been a very popular topic in supply chain area. Because it is very important commercial function in the warehouse stock flow. Warehouse overstock will lead to a financial problem Due to poor planning of replenishment, the company capital chain will be affected due to cash can’t flow out and huge warehouse storage fee. On the other hand, a shortage stock will reduce the customer satisfaction rate. The goods delivery time will also be delay or postponed. The reputation of a company will be affect by such delay shipment. How to plan and manage an inventory network and warehouse storage become a critical element for company operation. The objective of this project is to use computer simulation technology to build up a warehouse model to run simulation and optimize the warehouse delay time. There are four sub warehouse and one main warehouse in this warehouse model. The manufacture was located in the main warehouse.in order to understand the relationship between warehouse variables and average total delay. In this project, we will carry out a few of simulation test for each warehouse parameter, such as, request arrival rate, request amount, production line capability and cargo capability. Last but not least, we will obtain the best warehouse storage value setting to get an minimum delay time per customer order.
DRNTU::Engineering::Electrical and electronic engineering::Computer hardware, software and systems
Final Year Project (FYP)
Nanyang Technological University