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A risk management-based evaluation of inventory allocations for make-to-order production
Ist Teil von
CIRP annals, 2013, Vol.62 (1), p.459-462
Ort / Verlag
Elsevier Ltd
Erscheinungsjahr
2013
Quelle
Alma/SFX Local Collection
Beschreibungen/Notizen
Today's manufacturing companies offer products catered to customers’ needs within tight schedules and stringent cost control. Commonly make-to-order strategies are employed for which production is frequently scheduled ahead of order commitment while considering the stochastic nature of modern manufacturing systems. Inventory at the right stage may reduce the entailed risk of tardiness. But today's inventory planning approaches don’t fully consider scheduling risk. This paper addresses this shortcoming, presenting an evaluation of inventory allocations along the risks of production schedule and stock out allowing identification of critical items to mitigate delays. A case study in the machine tools industry verifies applicability.