Improving inventory management by using distribution requirement planning technique

Pao Yue-kong Library Electronic Theses Database

Improving inventory management by using distribution requirement planning technique

 

Author: Ng, Sai-nang
Title: Improving inventory management by using distribution requirement planning technique
Degree: M.Sc.
Year: 2001
Subject: Medical supplies
Inventory control
Business logistics
Hong Kong Polytechnic University -- Dissertations
Department: Multi-disciplinary Studies
Dept. of Management
Pages: v, 89 leaves : ill. ; 30 cm
Language: English
InnoPac Record: http://library.polyu.edu.hk/record=b1573209
URI: http://theses.lib.polyu.edu.hk/handle/200/4728
Abstract: This paper describes an algorithm developed for inventory management for medical products in a large trading company. Those are high value, Hi-Tech products implanted into human body. They are usually stored in every hospital due to life and death situation. Since there are many stocking locations, a well control of inventory is needed. In this case study, the relationship between inventory level and service level are analyzed with the aids of previous research findings. Distribution requirement planning heuristic is employed and some of the inventory parameters are set. To prove the theoretical results and further analyze those inventory parameters, a simulation program prepared by GPSS software is used for studying. The performance of the simulation has proved that simulation results were matched with the theoretical one. Furthermore, some of the combinations of inventory parameters are recommended to the company in order to achieve certain satisfying results.

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