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1 – 10 of 910S. P. Sarmah and U. C. Moharana
The purpose of this paper is to present a fuzzy-rule-based model to classify spare parts inventories considering multiple criteria for better management of maintenance activities…
Abstract
Purpose
The purpose of this paper is to present a fuzzy-rule-based model to classify spare parts inventories considering multiple criteria for better management of maintenance activities to overcome production down situation.
Design/methodology/approach
Fuzzy-rule-based approach for multi-criteria decision making is used to classify the spare parts inventories. Total cost is computed for each group considering suitable inventory policies and compared with other existing models.
Findings
Fuzzy-rule-based multi-criteria classification model provides better results as compared to aggregate scoring and traditional ABC classification. This model offers the flexibility for inventory management experts to provide their subjective inputs.
Practical implications
The web-based model developed in this paper can be implemented in various industries such as manufacturing, chemical plants, and mining, etc., which deal with large number of spares. This method classifies the spares into three categories A, B and C considering multiple criteria and relationships among those criteria. The framework is flexible enough to add additional criteria and to modify fuzzy-rule-base at any point of time by the decision makers. This model can be easily integrated to any customized Enterprise Resource Planning applications.
Originality/value
The value of this paper is in applying Fuzzy-rule-based approach for Multi-criteria Inventory Classification of spare parts. This rule-based approach considering multiple criteria is not very common in classification of spare parts inventories. Total cost comparison is made to compare the performance of proposed model with the traditional classifications and the result shows that proposed fuzzy-rule-based classification approach performs better than the traditional ABC and gives almost the same cost as aggregate scoring model. Hence, this method is valid and adds a new value to spare parts classification for better management decisions.
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Irene Roda, Marco Macchi, Luca Fumagalli and Pablo Viveros
Spare parts management plays a relevant role for equipment-intensive companies. An important step of such process is the spare parts classification, enabling properly managing…
Abstract
Purpose
Spare parts management plays a relevant role for equipment-intensive companies. An important step of such process is the spare parts classification, enabling properly managing different items by taking into account their peculiarities. The purpose of this paper is to review the state of the art of classification of spare parts for manufacturing equipment by presenting an extensive literature analysis followed by an industrial assessment, with the final aim to identify eventual discrepancies.
Design/methodology/approach
Not only is the attention put on the literature about the subject, but also on an on-field analysis, that is presented comprehending an extensive survey and two in-depth exploratory case studies. The copper mining sector was chosen being representative for the case of capital intensive plants where the cost of maintenance has relevant weight on the total operating cost.
Findings
The paper highlights the status of the scientific literature on spare parts classification by showing the current situation in the real industrial world. The paper depicts the existing barriers that leave gaps between theory and real practice for the application of an effective multi-criteria spare parts classification.
Originality/value
The paper provides a review of the theory on spare parts classification methods and criteria, as well as empirical evidences especially for what concern current situation and barriers for an effective implementation in the industrial environment. The paper should be of interest to both academics and practitioners, since it provides original insights on the discrepancies between scientific and industrial world.
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Kathirvel Selvaraju and Punniyamoorthy Murugesan
The purpose of this article is to develop a cost-effective model for Multi-Criteria ABC Inventory Classification and to measure its performance in comparison to the other existing…
Abstract
Purpose
The purpose of this article is to develop a cost-effective model for Multi-Criteria ABC Inventory Classification and to measure its performance in comparison to the other existing models.
Design/methodology/approach
Particle Swarm Optimization (PSO) algorithm is exclusively designed for Multi-Criteria ABC Inventory Classification wherein the inventory is classified based on the objective of cost minimization, which is achieved through the inventory performance index – total relevant cost. Effectiveness of classification of the proposed model and the other classification models toward two inventory performance measures, that is, cost and inventory turnover has been computed, and the results of all models are relatively compared by arriving at the cumulative performance score of each model.
Findings
This study reveals that the ABC Inventory classification based on the proposed PSO approach is more effective toward cost and inventory turnover ratio in comparison to the twenty existing models.
Practical implications
The proposed model can be easily adapted to the industrial requirement of inventory classification by cost as objective as well as other inventory management performance measures.
Originality/value
The conceptual model is more versatile which can be adapted for various objectives and the effectiveness of classification in comparison to the other models can be measured toward each objective as well as combining all the objectives.
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Kai Leung Yung, George To Sum Ho, Yuk Ming Tang and Wai Hung Ip
This project attempts to present a space component inventory classification system for space inventory replenishment and management. The authors propose to adopt a classification…
Abstract
Purpose
This project attempts to present a space component inventory classification system for space inventory replenishment and management. The authors propose to adopt a classification system that can incorporate all the different variables in a multi-criteria configuration. Fuzzy logic is applied as an effective way for formulating classification problems in space inventory replenishment.
Design/methodology/approach
A fuzzy-based approach with ABC classification is proposed to incorporate all the different variables in a multi-criteria configuration. Fuzzy logic is applied as an effective way for formulating classification problems in space inventory replenishment of the soil preparation system (SOPSYS) which is used in grinding and sifting Phobos rocks to sub-millimeter size in the Phobos-Grunt space mission. An information system was developed using the existing platform and was used to support the key aspects in performing inventory classification and purchasing optimization.
Findings
The proposed classification system was found to be able to classify the inventory and optimize the purchasing decision efficiency. Based on the information provided from the system, implementation plans for the SOPSYS project and related space projects can be proposed.
Research limitations/implications
The paper addresses one of the main difficulties in handling qualitative or quantitative classification criteria. The model can be implemented using mathematical calculation tools and integrated into the existing inventory management system. The proposed model has important implications in optimizing the purchasing decisions to shorten the research and development of other space instruments in space missions.
Originality/value
Inventory management in the manufacture of space instruments is one of the major problems due to the complexity of the manufacturing process and the large variety of items. The classification system can optimize purchasing decision-making in the inventory management process. It is also designed to be flexible and can be implemented for the manufacture of other space mission instruments.
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Leandro Reis Muniz, Samuel Vieira Conceição, Lásara Fabrícia Rodrigues, João Flávio de Freitas Almeida and Tãssia Bolotari Affonso
The purpose of this paper is to present a new hybrid approach based on criticality analysis and optimisation to deal with spare parts inventory management in the initial…
Abstract
Purpose
The purpose of this paper is to present a new hybrid approach based on criticality analysis and optimisation to deal with spare parts inventory management in the initial provisioning phase in the mining industry. Spare parts represent a significant part of mining companies' expenditures, so it is important to develop new approaches to reduce the total inventory value of these items.
Design/methodology/approach
This hybrid approach combines qualitative and quantitative methods based on VED (vital, essential and desirable) analysis, analytical hierarchical process (AHP), and e-constraint optimisation method to obtain the spare parts to be stocked. The study was applied to a large mining company. The mineral sector was chosen due to the great importance to the emerging Brazilian economy and the lack of researches in this sector. In addition, the spare parts have a relevant weight on the total inventory cost.
Findings
Present a novel approach combining multi-objective optimisation and multi-criteria evaluation approaches to tackle the inventory decision in spare parts management. This work also defines and classifies relevant criteria for spare parts management in the mineral sector validated by specialists. The proposed approach achieves an average increase of 20.2% in the criticality and 16.6% in the number of items to be stocked compared to the historical data of the surveyed company.
Research limitations/implications
This paper applies the proposed approach to a mining company in Brazil. Future research in other companies or regions should analyse the adequacy of the criticality criteria, hierarchy and weights adopted in this paper.
Practical implications
The proposed approach is useful for mining industries that deal with a large variety of resource constraints as it helps in formulating appropriate spare part strategies to rationalise financial resources at both tactical and strategic levels.
Originality/value
The paper presents a new hybrid method combining the AHP a multi-criteria decision making (MCDM) approach coupled with e-constraint optimisation to deal with spare parts inventory management allowing for a better spare parts inventory analysis in the initial provisioning phase and providing managers with a systematic tool to analyse the trade-off between spare parts criticality and total inventory value.
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Irem Otay, Embiye Senturk and Ferhan Çebi
The purpose of this paper is to propose a new integrated method for evaluating inventory of slow-moving items by introducing the application of fuzzy AHP method with interval…
Abstract
Purpose
The purpose of this paper is to propose a new integrated method for evaluating inventory of slow-moving items by introducing the application of fuzzy AHP method with interval Type-2 fuzzy sets (IT2FSs) and ABC analysis.
Design/methodology/approach
In the study, fuzzy analytic hierarchy process (AHP) method with IT2FSs is employed to set the importance of criteria. The weights obtained from IT2 fuzzy AHP are used to classify slow-moving items in ABC analysis. In the application part, a real-life case study is presented.
Findings
The result of this study indicates that an integrated approach utilizing IT2 fuzzy AHP and ABC analysis can be used as a supportive tool for classification of slow-moving items. The problem is solved under fuzzy environment to handle uncertainties and lack of information about slow-moving items.
Practical implications
Actual data are provided from an automotive company for prioritizing a various criteria to evaluate and classify stocks and a hypothetical model integrated with IT2 fuzzy AHP and ABC analysis is demonstrated.
Originality/value
Apart from inventory classification literature, the study integrates fuzzy AHP method by employing interval IT2FSs and ABC analysis to solve the real-life inventory classification problem.
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A.A. Syntetos, M. Keyes and M.Z. Babai
Spare parts have become ubiquitous in modern societies and managing their requirements is an important and challenging task with tremendous cost implications for the organisations…
Abstract
Purpose
Spare parts have become ubiquitous in modern societies and managing their requirements is an important and challenging task with tremendous cost implications for the organisations that are holding relevant inventories. An important operational issue involved in the management of spare parts is that of categorising the relevant stock keeping units (SKUs) in order to facilitate decision‐making with respect to forecasting and stock control and to enable managers to focus their attention on the most “important” SKUs. This issue has been overlooked in the academic literature although it constitutes a significant opportunity for increasing spare parts availability and/or reducing inventory costs. Moreover, and despite the huge literature developed since the 1970s on issues related to stock control for spare parts, very few studies actually consider empirical solution implementation and with few exceptions, case studies are lacking. Such a case study is described in this paper, the purpose of which is to offer insight into relevant business practices.
Design/methodology/approach
The issue of demand categorisation (including forecasting and stock control) for spare parts management is addressed and details reported of a project undertaken by an international business machine manufacturer for the purpose of improving its European spare parts logistics operations. The paper describes the actual intervention within the organisation in question, as well as the empirical benefits and the lessons learned from such a project.
Findings
This paper demonstrates the considerable scope that exists for improving relevant real word practices. It shows that simple well‐informed solutions result in substantial organisational savings.
Originality/value
This paper provides insight into the empirical utilisation of demand categorisation theory for forecasting and stock control and provides some very much needed empirical evidence on pertinent issues. In that respect, it should be of interest to both academics and practitioners.
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Anand Gurumurthy, Vinoth Kumar Nair and S. Vinodh
The cost of providing healthcare is spiralling up in recent times. On the one hand, patients expect the highest quality of service, while on the other hand, the managers of the…
Abstract
Purpose
The cost of providing healthcare is spiralling up in recent times. On the one hand, patients expect the highest quality of service, while on the other hand, the managers of the healthcare services want to minimise the total operating expenses. Hence, healthcare organisations implement lean thinking (LT) to achieve these twin objectives. LT reduces the eight wastes that are prevalent in the healthcare processes and functions. In particular, if the wasteful inventories related to expensive medical supplies are reduced, the resulting cost savings can help in providing affordable and accessible healthcare.
Design/methodology/approach
Hence, in this paper, a case study of a hospital is presented where LT is implemented. One of the projects was related to inventory reduction in the store of the catheterisation laboratory (cath lab). A hybrid methodology called multi-unit selective inventory control (MUSIC) that combined these three dimensions (3D), namely, consumption value, criticality and lead time or ease of availability was used to classify the medical supplies into different categories.
Findings
Based on the results obtained, various inventory systems and the associated tools and techniques of LT were proposed. For example, a deep dive into the A-class items revealed that some of the medical supplies fell under both vital and scarce categories. Hence, it was recommended that the case hospital should follow the economic order quantity (EOQ) with safety stock approach as these items were to be shipped from other states in India. Subsequently, the focus should be on developing a local supplier and attempts should be made to establish a kanban system with adequate information sharing.
Practical implications
This study demonstrates the step-by-step methodology of MUSIC-3D which would guide the procurement managers to apply the same in their organisation. It also helps them in identifying appropriate elements of LT for inventory reduction before the actual deployment.
Originality/value
None of the papers has utilised the MUSIC-3D methodology as a precursor for inventory reduction, specifically within the domain of LT. Similarly, identifying and proposing different type of inventory systems and various LT practices based on this unique method is a novel attempt.
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Ioannis Manikas, Balan Sundarakani and Vera Iakimenko
The purpose of this paper is to identify the main reasons for spare parts logistics failures and address logistics distribution design in order to achieve the desired level of…
Abstract
Purpose
The purpose of this paper is to identify the main reasons for spare parts logistics failures and address logistics distribution design in order to achieve the desired level of after-sales maintenance service.
Design/methodology/approach
This research is based on an empirical case study on a large corporation providing worldwide with retail banking hardware, software and services. The case study focuses on the automated teller machine (ATM) part of activities, with a focus on the spare parts distribution and after-sales service network in the Eastern Europe.
Findings
The proposed network solution of multiple distribution centers with short-cut distance saving approach will enable the case study company to redesign their spare part logistics architecture in order to achieve short response time. Research findings reveal possible spare parts delivery delays and thus the service-level agreement failures with clients in the case study company.
Research limitations/implications
This research covers a particular supply chain environment and identified research gaps. It discusses a time-based responsive logistics problem and develops a conceptual framework that would help researchers to better understand logistics challenges of installed equipment maintenance and after-sales service.
Originality/value
This case study research shows the “big picture” of spare parts logistics challenges as vital part of installed equipment after-sales and maintenance service network, as well as emphasizes how the unique context of a market like Russian Federation can set-up a distribution network efficiently. Strategies applied to handle such service-level failures, reverse logistics aspects of repairable and non-repairable spare parts to such large ATM after-sales service network based on this longitudinal case offer value for similar scale companies.
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Smita Abhijit Ganjare, Sunil M. Satao and Vaibhav Narwane
In today's fast developing era, the volume of data is increasing day by day. The traditional methods are lagging for efficiently managing the huge amount of data. The adoption of…
Abstract
Purpose
In today's fast developing era, the volume of data is increasing day by day. The traditional methods are lagging for efficiently managing the huge amount of data. The adoption of machine learning techniques helps in efficient management of data and draws relevant patterns from that data. The main aim of this research paper is to provide brief information about the proposed adoption of machine learning techniques in different sectors of manufacturing supply chain.
Design/methodology/approach
This research paper has done rigorous systematic literature review of adoption of machine learning techniques in manufacturing supply chain from year 2015 to 2023. Out of 511 papers, 74 papers are shortlisted for detailed analysis.
Findings
The papers are subcategorised into 8 sections which helps in scrutinizing the work done in manufacturing supply chain. This paper helps in finding out the contribution of application of machine learning techniques in manufacturing field mostly in automotive sector.
Practical implications
The research is limited to papers published from year 2015 to year 2023. The limitation of the current research that book chapters, unpublished work, white papers and conference papers are not considered for study. Only English language articles and review papers are studied in brief. This study helps in adoption of machine learning techniques in manufacturing supply chain.
Originality/value
This study is one of the few studies which investigate machine learning techniques in manufacturing sector and supply chain through systematic literature survey.
Highlights
A comprehensive understanding of Machine Learning techniques is presented.
The state of art of adoption of Machine Learning techniques are investigated.
The methodology of (SLR) is proposed.
An innovative study of Machine Learning techniques in manufacturing supply chain.
A comprehensive understanding of Machine Learning techniques is presented.
The state of art of adoption of Machine Learning techniques are investigated.
The methodology of (SLR) is proposed.
An innovative study of Machine Learning techniques in manufacturing supply chain.
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