Specifics of Spare Parts Replenishment Parameters Definition for Processing Plant
MAGAZINE №3 (80) June 2017
AUTHOR KRASNOSHCHEKOV A.G.
CATEGORY Industrial companies’ corporate logistics Inventory management Optimization and mathematical modelling
ABSTRACT
Modern methods of inventory management had been formed, implemented and fine-tuned within industries that work directly to consumer, such as retail and FMCG. Those industries are innovation leaders in the sphere of supply chain management. Industrial large-equipment companies, especially in natural resources and processing industries as usual are catching-up and adopting practices of leading industries. A key element of inventory management process is method of definition of replenishment parameters such as safety stock, reorder point, lot size. Applying those proved methods, which are well known within retail companies, requires special customization driven by specifics of industrial facilities. The article describes a method that has been developed for spare parts replenishment of equipment maintenance of a processing plant. Implementation of the method allowed to reduce stock level by 22%
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Implementation Of Collaborative Planning And Replenishment Technologies In Retail
MAGAZINE №5 (76) October 2016
AUTHOR SOKOLOV А.А.
CATEGORY Modern concepts and technologies in logistics and SCM Retail companies’ corporate logistics Inventory management Supply chain planning
ABSTRACT
The analysis of logistic processes optimization possibilities in the retail network on the Russian market. Direction of inventory
management in the supply chain of X5 Retail Group was selected for optimization. In research it is show the rationale for the choice of IT-solutions to the S&OP methodology implementation. Three standard modules on the basis of JDA's technology (JDA Demand, JDA Promotions Management & Optimization, JDA Fulfillment) were used for configuration of the simulation model. In research results of a simulation model are presented, which prove achievable goals to reduce inventory level in the supply chain and reduce index out-of-stock.
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