Inventory management practices and their implications on perceived planning performance

Inventory management practices and their implications on perceived planning performance

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Article ID: iaor2009804
Country: United Kingdom
Volume: 46
Issue: 7
Start Page Number: 1787
End Page Number: 1812
Publication Date: Jan 2008
Journal: International Journal of Production Research
Authors: ,
Keywords: production: MRP
Abstract:

This paper focuses on the use of material planning methods to control material flow to inventories of purchased items. The first sub-objective is to evaluate the perceived planning performance of material planning methods used to control material flows in different inventory types in manufacturing and distribution companies. The second sub-objective is to evaluate the difference in perceived planning performance depending on the way planning parameters are determined and the methods used. Five material planning methods are studied: the re-order point method, the fixed order interval method, run-out time planning, Kanban and MRP. Our analysis is based on survey data from 153 manufacturing and 53 distribution companies. Findings conclude that the use of material planning methods differs depending on where along the material flow they are applied, whether the inventory is located in manufacturing or in distribution operations and between companies of various sizes.

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