• Title/Summary/Keyword: Safety Inventory

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A simulation for stock level considering client delivery due date in auto part industry (자동차 부품산업의 고객 요구 납기 충족을 위한 적정재고 수준에 관한 시뮬레이션 연구)

  • kim, Joonghoi;Kim, Young-Chun;Kang, Kyung Sik
    • Journal of the Korea Safety Management & Science
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    • v.16 no.2
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    • pp.131-138
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    • 2014
  • Auto part industry supplies production for auto manufacturer and after market. These company have inventory for delivery. High inventory level can be good for delivery, but cost will be increase. Low inventory level can be customer unsatisfaction for delivery late. Low inventory level also is reason of low productivity by decreasing product batch size. These article suggest model for calculation a proper inventory level and prove a effect by simulation of some company.

A Stock Transfer Process Development for Distribution Center Relocation (물류센터 이전 시 재고 이관 프로세스 개발)

  • Chi, Woon-Sik;Oh, In-Ho
    • Journal of the Korea Safety Management & Science
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    • v.20 no.3
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    • pp.37-46
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    • 2018
  • According to enhancement of roles and functions of enterprises' distribution centers, recent trend of distribution centers are specialization and diversification which have generated lots of new distribution center building or expansion of the existing ones and led attention on stock transfer importance in case of distribution center relocation. This thesis is a study for how to reduce stock transfer leadtime in order to minimize business risk and how to increase inventory accuracy when stock ownership is transferred in case of distribution center relocation, and to provide inventory accuracy management methods and inventory in/out management types, detailed definition to evaluate level for inventory accuracy management and pros/cons by inventory in/out management type assuming 'the higher inventory accuracy before stock transfer, the shorter stock transfer leadtime when distribution center is relocated'. This thesis provides detailed procedure to secure an absolute stock transfer leadtime and process to confirm hugh inventory accuracy by stakeholders which should be sloved by Task Force Team for stock transfer in case of distribution center relocation.

Safety Stock Management Framework for Semiconductor Enterprises Under Demand and Lead Time Uncertainties (반도체부품 수요 및 납기 불확실성을 고려한 안전재고 설정 프레임워크)

  • Ho-Sin Hwang;Su-Yeong Kim;Jin-Woo Oh;Se-Jin Jung;In-Beom Park
    • Journal of the Semiconductor & Display Technology
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    • v.22 no.2
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    • pp.104-111
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    • 2023
  • The semiconductor industry, which relies on global supply chains, has recently been facing longer lead time for material procurement due to supply chain uncertainties. Moreover, since increasing customer satisfaction and reducing inventory costs are in a trade-off relationship, it is challenging to determine the appropriate safety stock level under demand and lead time uncertainties. In this paper, we propose a framework for determining safety stock levels by utilizing the optimization method to determine the optimal safety stock level. Additionally, we employ a linear regression method to analyze customer satisfaction scores and inventory costs based on variations in lead time and demand. To verify the effectiveness of the proposed framework, we compared safety stock levels obtained by the regression equations with those of the conventional method. The numerical experiments demonstrated that the proposed method successfully reduces inventory costs while maintaining the same level of customer satisfaction when lead time increases.

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A Study on conclusion about inventory survey on cut slope along national roads in Korea (국내 국도변 비탈면 현황 분석 연구)

  • Park, Jae-Young;Shin, Chang-Gun;Jang, Bum-Su
    • Proceedings of the Korean Geotechical Society Conference
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    • 2010.09a
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    • pp.722-726
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    • 2010
  • Inventory survey is process collecting data about cut slope. It's different from inspection. It contains not only basic information about cut slope, especially location, GPS positioning, height, length, weathering, joint direction, water conditions but also level of danger and damage. Collected data are being used get at status about cut slope along national roads. And It helps judging about priority of detailed investigation. According to results of analysis, we found better method about maintenance of cut slope. Later on, if inventory research is finished, we will understand characteristics of collapse slopes.

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A Vehicle Routing Problem in the Vendor Managed Inventory System (공급자 재고 관리 환경하의 차량 경로 문제)

  • Yang, Byoung-Hak
    • Journal of the Korea Safety Management & Science
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    • v.10 no.3
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    • pp.217-225
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    • 2008
  • The inventory routing problem (IRP) is an important area of Supply Chain Management. The objective function of IRP is the sum of transportation cost and inventory cost. We propose an Artificial Immune System(AIS) to solve the IRP. AIS is one of natural computing algorithm. An hyper mutation and an vaccine operator are introduced in our research. Computation results show that the hyper mutation is useful to improve the solution quality and the vaccine is useful to reduce the calculation time.

A Study on Risk Assessment of GHG Inventory Verification (온실가스 인벤토리 검증의 위험성평가에 대한 연구)

  • Lee, Kang-Bok;Kim, Geon-Ho;Lee, Seung-Hwan;Lee, Eun-Sook
    • Proceedings of the Safety Management and Science Conference
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    • 2009.11a
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    • pp.203-208
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    • 2009
  • Government and company are unfolding greenhouse gas reduction activity to prevent the effects of global warming. Also, verification business through greenhouse gas inventory construction is spreaded variously. Greenhouse gas verification proceeds by document examination, risk analysis, field survey. Document investigates emission information, calculation standard, emission report, data management system. And through risk assessment result, establish field verification plan. Through study on risk assessment of greenhouse gas inventory verification, wish to reduce risk of verification.

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Inventory Policies for Multi-echelon Serial Supply Chains with Normally Distributed Demands (정규분포를 따르는 다단계 시리얼 공급사슬에서의 재고 정책)

  • Kwon, Ick-Hyun;Kim, Sung-Shick
    • Journal of the Korea Safety Management & Science
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    • v.8 no.3
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    • pp.115-123
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    • 2006
  • The main focus of this study is to investigate the performance of a clark-scarf type multi-echelon serial supply chain operating with a base-stock policy and to optimize the inventory levels in the supply chains so as to minimize the systemwide total inventory cost, comprising holding and backorder costs as all the nodes in the supply chain. The source of supply of raw materials to the most upstream node, namely supplier, is assumed to have an infinite raw material availability. Retailer faces random customer demand, which is assumed to be stationary and normally distributed. If the demand exceeds on-hand inventory, the excess demand is backlogged. Using the echelon stock and demand quantile concepts and an efficient simulation technique, we derive near optimal inventory policy. Additionally we discuss the derived results through the extensive experiments for different supply chain settings.

Prediction of Radionuclide Inventory for the Low- and Intermediate-Level Radioactive Waste Disposal Facility by the Radioactive Waste Classification (방사성폐기물 신분류기준을 고려한 중저준위 방사성폐기물 처분시설의 핵종재고량 예측)

  • Jung, Kang Il;Jeong, Noh Gyeom;Moon, Young Pyo;Jeong, Mi Seon;Park, Jin Beak
    • Journal of Nuclear Fuel Cycle and Waste Technology(JNFCWT)
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    • v.14 no.1
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    • pp.63-78
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    • 2016
  • To meet nuclear regulatory requirements, more than 95% individual radionuclides in the low- and intermediate-level radioactive waste inventory have to be identified. In this study, the radionuclide inventory has been estimated by taking the long-term radioactive waste generation, the development plan of disposal facility, and the new radioactive waste classification into account. The state of radioactive waste cumulated from 2014 was analyzed for various radioactive sources and future prospects for predicting the long-term radioactive waste generation. The predicted radionuclide inventory results are expected to contribute to secure the development of waste disposal facility and to deploy the safety case for its long-term safety assessment.

Safety Critical I&C Component Inventory Management Method for Nuclear Power Plant using Linear Data Analysis Technic

  • Jung, Jae Cheon;Kim, Haek Yun
    • Journal of the Korean Society of Systems Engineering
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    • v.16 no.1
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    • pp.84-97
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    • 2020
  • This paper aims to develop an optimized inventory management method for safety critical Instrument and Control (I&C) components. In this regard, the paper focuses on estimating the consumption rate of I&C components using demand forecasting methods. The target component for this paper is the Foxboro SPEC-200 controller. This component was chosen because it has highest consumption rate among the safety critical I&C components in Korean OPR-1000 NPPs. Three analytical methods were chosen in order to develop the demand forecasting methods; Poisson, Generalized Linear Model (GLM) and Bootstrapping. The results show that the GLM gives better accuracy than the other analytical methods. This is because the GLM considers the maintenance level of the component by discriminating between corrective and preventive.

A Study on the Properties of Inventory for Efficient Inventory Control at Small-scale Manufacturing Company (소규모 제조기업의 효율적 재고관리를 위한 재고속성에 관한 연구)

  • Kim, Ki Bum;Nam, Gon;Jeong, Yong Moon;Heo, Se min
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.21 no.12
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    • pp.449-455
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    • 2020
  • Inventory management is one of the important business functions for manufacturing companies to determine market responsiveness. Customers' needs are diversifying, and the life cycle of products is decreasing, thus increasing the importance of inventory management. However, for small-scale manufacturing companies, investing in an IT system for inventory management is practically difficult. In this study, we introduce an inventory and warehouse management model that can be applied simply and quickly in small-scale manufacturing companies. Firstly, we introduce the concept of the properties of inventory and provide an analytical methodology based on the age and quantity of the inventory. Secondly, in accordance with the properties of the inventory, we introduce location management rules for warehouse operation. To apply the proposed model, we studied a wallpaper manufacturing company and verified the applicability of the proposed methods in the field. The proposed model can be applied immediately as part of on-site improvement activities by small-scale manufacturing companies, and inventory management activities are expected to reduce bad long-term inventory and further secure storage capacity for warehouses.