Implementing Full Inventory Control in a Production Facility: A Case Study at Scania CV Engine Assembly
Abstract: The concept of inventory control has been around since the early 20th century and it’s constantly evolving. The importance of inventory management and supply chain management is clear, and companies are constantly trying to evolve their systems and ways of handling inventory control. By having a proper inventory control system with adequate inventory record audits, a company could potentially have several benefits such as reduced tied-up capital, reduced holding costs, reduced/redistributed work hours, better automation and more. Most organisations and companies have some form of inventory control, however not all have full control of their inventory. This includes automatic inventory balance updates, package traceability, automatic replenishment systems and more. To implement these ideas, a company would need to foremost find what factors are currently hindering them from obtaining this and consequently being able to adjust their factors. Since there are several ways to obtain an automatic inventory record update that is adequate, multiple proposals are discussed in this thesis project. This thesis project assessed what the necessary steps that a company needs to perform are through a case study at Scania CV Engine and a benchmarking at Scania Production Angers. Through a collection of scientific literature and empirical data, an attempt to identify the factors that determine whether a company can implement full inventory control or not was made. As a supplement to this, this thesis project also looked over what type of consequences an implementation of full inventory control could have in a company, both when it comes to purely systemic consequences as well as economic consequences.
AT THIS PAGE YOU CAN DOWNLOAD THE WHOLE ESSAY. (follow the link to the next page)