INVENTORY MANAGEMENT IN SPARE PARTS SUPPLY CHAIN TERM PAPER PROPOSAL INVENTORY MANAGEMENT IN SPARE PARTS SUPPLY CHAIN DANG QUANG VINH

Introduction The requirements for planning the supply chain of spare parts are quite different from other material: Low random demand, high part cost Service requirements are higher because stockouts may be financially remarkable Demand may be extremely irregular, difficult to forecast With such requirements, spare parts management is an important area of inventory research

Term Paper Limitation Considering multi-echelon spare parts supply chain Focusing on the relationship between the supply chain, demand and inventory management

Possible methodology The paper might consist of: Analyse the supply chain and demand in spare parts area Design and offer a solution to forecast Apply a specific inventory policy to spare parts case Compare the expected efficiency with other inventory policies by using simulation

Results Contribute to knowledge in spare parts supply chain Suggest forecasting solution Adapt a inventory policy to spare parts inventory