Title :
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
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;
Conference_Titel :
Computer Modelling and Simulation (UKSim), 2010 12th International Conference on
Conference_Location :
Cambridge
Print_ISBN :
978-1-4244-6614-6
DOI :
10.1109/UKSIM.2010.78
