Wilkins produces products with seasonal demand like PVB, which causes constraints during peak seasons and excess capacity otherwise. Other challenges include irregular demand for fire valves, excess inventory at plants, and an inability to transfer products between suppliers. To address these issues, the group proposes an inventory reduction strategy that would lower average inventory by 34% and a chase strategy that achieves an 87% reduction through closer matching of production to demand.
Wilkins produces products with seasonal demand like PVB, which causes constraints during peak seasons and excess capacity otherwise. Other challenges include irregular demand for fire valves, excess inventory at plants, and an inability to transfer products between suppliers. To address these issues, the group proposes an inventory reduction strategy that would lower average inventory by 34% and a chase strategy that achieves an 87% reduction through closer matching of production to demand.
Wilkins produces products with seasonal demand like PVB, which causes constraints during peak seasons and excess capacity otherwise. Other challenges include irregular demand for fire valves, excess inventory at plants, and an inability to transfer products between suppliers. To address these issues, the group proposes an inventory reduction strategy that would lower average inventory by 34% and a chase strategy that achieves an 87% reduction through closer matching of production to demand.
Anirban (188031) Ankit() Tarun (177219) Nature of Wilkins business
and excess capacity in other season due to seasonal demand
Low laborlsfkvnldncvlqedcwkdmkdcksdkc , cost Major Challenges
Seasonal demand of PVB causing production capacity constraints in peak season
and excess capacity otherwise Irregular demand of Fire Valves Excess inventory at plant No inter supplier transfer Skadv wln cldadcnoqiwdjqoidj Level Strategy
Average Inventory 39,034
Average Inventory Reduction 34.29% Results Chase Strategy
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