Publicação
Development of an inventory management policy at Wurth Portugal
| Resumo: | This project is carried out in a company that sells equipment and provides maintenance services for this equipment. The project's objective was to reduce equipment repair time by increasing the availability of parts to carry out these repairs. Having identified that the lack of parts for repair delays the completion of repairs, the current stock management policy was studied and taking into account the variability in demand and supply, a new stock management policy was proposed to the company to combat current irregularities. In addition, potential supply risks related to suppliers and delivery times were also identified and a supply risk mitigation policy was proposed. The current stock management policy for machine substitution parts was analyzed and the respective supply risks were identified. Data evaluation was carried out through observation, interviews and focus groups in the company's purchasing, logistics and technical services departments. The replacement parts were divided by classes through the ABC analysis (sales volume) in order to select those with the highest degree of importance, the so-called class A. Therefore, a suggestion for improving the management of the class A substitution parts stock was proposed. A proposal for mitigating the supply risk was also prepared. The proposals were implemented, leading to a substantial improvement throughout the machine repair process. |
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| Autores principais: | Ferreira, Francisco Manuel Canas Cardoso Durães |
| Assunto: | Stock management Supply risk Risk mitigation Gestão de stocks Risco de abastecimento Mitigação do risco |
| Ano: | 2021 |
| País: | Portugal |
| Tipo de documento: | dissertação de mestrado |
| Tipo de acesso: | acesso aberto |
| Instituição associada: | ISCTE |
| Idioma: | inglês |
| Origem: | Repositório ISCTE |
| Resumo: | This project is carried out in a company that sells equipment and provides maintenance services for this equipment. The project's objective was to reduce equipment repair time by increasing the availability of parts to carry out these repairs. Having identified that the lack of parts for repair delays the completion of repairs, the current stock management policy was studied and taking into account the variability in demand and supply, a new stock management policy was proposed to the company to combat current irregularities. In addition, potential supply risks related to suppliers and delivery times were also identified and a supply risk mitigation policy was proposed. The current stock management policy for machine substitution parts was analyzed and the respective supply risks were identified. Data evaluation was carried out through observation, interviews and focus groups in the company's purchasing, logistics and technical services departments. The replacement parts were divided by classes through the ABC analysis (sales volume) in order to select those with the highest degree of importance, the so-called class A. Therefore, a suggestion for improving the management of the class A substitution parts stock was proposed. A proposal for mitigating the supply risk was also prepared. The proposals were implemented, leading to a substantial improvement throughout the machine repair process. |
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