Improving Efficiency Of Mrp And Safety Stock.

MRPII 58

IMPROVING EFFICIENCY OF MATERIAL REQUIREMENT  PLANNING AND SAFETY STOCK: A CASE STUDY OF  CREATIVE MACHATRONICS CO., LTD.

 Chantana Thongma1, Ungul Laptaned2

1MBA in Logistics Management, Graduate School, University of the Thai Chamber of Commerce Vibhavadee-Rangsit Road, Dindaeng, Bangkok, 10400, Thailand Tel: 02-957-7816, Fax: 02-957-7816,  Email: Địa chỉ email này đã được bảo vệ từ spam bots, bạn cần kích hoạt Javascript để xem nó.

2Logistics Engineering Department, School of Engineering,  University of the Thai Chamber of Commerce Vibhavadee-Rangsit Road, Dindaeng, Bangkok, 10400, Thailand Tel: 02-697-6707, Fax: 02-275-4892,  Email: Địa chỉ email này đã được bảo vệ từ spam bots, bạn cần kích hoạt Javascript để xem nó.

ABSTRACT

A main objective of this research study is to investigate characteristic and implication of stockout for reel stand that may impact to an exemplary company in Thailand. By considering causes and effects of the problem, this research used Collaborative Planning, Forecasting, and Replenishment to solve such problem by means of sharing information, supply chain management implementation, and well coordination.

This concept leads to cost reduction, efficient and effective inventory management, along with low ordering cost, economics order quantity, and low product cost caused by over time cost in longer lead time of raw materials to meet customer requirement.

It may enhance work efficiency and develop good relationship with suppliers in a long term, thereby gaining business competitive advantage. By gaining the business competition would increase sale volume, regain customer loyalty, and lead to increasing customer satisfaction level. Therefore, several entrepreneurs have concentrated on production by enhancing its efficiency that may be instrumental to increasing customer requirement.

KEYWORDS

Stock Out, Minimum Stock, Economics Order Quantity, Collaborative Planning Forecasting and Replenishment