Inventory

Management
1. Demand Forecasting
1.1. Parts with planned and unplanned demands

1.1.1. Historical data

1.1.1.1. Stock Value

1.1.1.2. Parts price

1.1.1.3. Usage Number

1.1.1.4. Purchasing Number

1.1.2. Parts Classification

1.1.2.1. Maintenance schedule

1.1.2.1.1. Predictive maintenane

1.1.2.1.2. Preventive Maintenance

1.1.2.1.3. Corrective Maintenance

1.1.2.2. Price

1.1.2.2.1. High

1.1.2.2.2. Medium

1.1.2.2.3. Low

1.1.2.3. Critical part

1.1.2.3.1. Critical

1.1.2.3.2. Partially critical

1.1.2.3.3. Non-critical

1.1.2.4. Consumption of part

 1.1.2.4.1. fast moving

1.1.2.4.2. Slow moving

1.1.2.4.3. Dead stock

2. Supply Management
2.1. Supplier availability

2.1.1. Multiple supply source for parts

2.1.2. Contracts with external suppliers

2.1.2.1. Contract setting up in cost efficient

2.1.2.2. Parts can be replenished at any time

2.2. Supply parameters

2.2.1. Repair lead time

2.2.1.1. Picking

2.2.1.2. Transport

2.2.1.3. Storage

2.2.2. Procurement lead time

2.2.2.1. Picking

2.2.2.2. Transport

2.2.2.3. Storage

3. Maintaining minimum and maximum quantity

3.1. Parts classification

3.1.1. Parts consumption

3.1.1.1. Develop minimum and maximum stocks list

 3.1.1.1.1. Automatically place order if stock less than
minimum order

3.1.2. Critical

3.1.2.1. Develop mimimum and maximjm stocks list

3.1.2.1.1. Automatically place order if stock less than

minimum order

4. Inventory control
4.1. Stocking strategy

4.1.1. Based on supply characteristic

4.1.1.1. Critical parts

4.1.1.2. Cost

4.1.1.3. Parts consumption

4.2. Replishment policy

4.2.1. Determine frequency for placing order

4.2.2. Selection of warehouse for replishment ordered

4.2.2.1. Plant warehouse

4.2.2.2. Main storage warehouse

4.3. Replishment policy parameters

4.3.1. Order quantity

4.3.2. Discounts

4.3.3. Uncertain in demand and cost