Optimizing Safety Stock in Manufacturing Supply Chain Management: A System Dynamics Approach

Author

Patel, Rakesh ; Rodrigues, Lewlyn L R ; Kamath, Vasanth

Author_Institution

Yr M.Tech. (Eng. Mgmt.), MIT, Manipal, India

fYear

2010

fDate

24-26 March 2010

Firstpage

386

Lastpage

391

Abstract

This paper deals with the development of a System Dynamics Model to optimize the stock in production and distribution points of a manufacturing supply chain. The variables of study include production start rate, work in progress, production rate, distribution inventory, distribution rate, and waste rate. The results depict that increase in stock reduces the load on production variables, accordingly suggestions are made to maintain optimum stock at key distribution points.

Keywords

optimisation; stock control; supply chain management; distribution inventory; distribution points; distribution rate; manufacturing supply chain management; production points; production rate; safety stock optimization; system dynamics approach; waste rate; Computer aided manufacturing; Feedback; Fluctuations; History; Predictive models; Production systems; Safety; Supply chain management; Supply chains; Virtual manufacturing; Inventory control.; Production rate; Stock optimization; Supply chain management; System dynamics;

fLanguage

English

Publisher

ieee

Conference_Titel

Computer Modelling and Simulation (UKSim), 2010 12th International Conference on

Conference_Location

Cambridge

Print_ISBN

978-1-4244-6614-6

Type

conf

DOI

10.1109/UKSIM.2010.78

Filename

5480434