| dc.description.abstract | Inventory management has always been one of the key management areas for businesses. The higher the inventory turnover days, the slower the inventory conversion rate, which affects the flow of funds and operational efficiency of the enterprise. Rising inventory levels can lead to the problem of stagnant materials, resulting in losses for the company.
The aim of this study is to explore how to optimize the material receiving management method to meet customer-specified demand time while avoiding problems such as excessive procurement, early material receiving, and incomplete sets. From multiple perspectives, through ABC analysis and the 80/20 rule, inventory materials are classified according to their value to more accurately manage the material receiving mode of Class A materials, effectively controlling the inventory amount. Secondly, valuable materials are managed using the VMI supplier inventory management mechanism. When there is demand for production, materials are received to improve the supply chain and production efficiency. For low-priced materials, JIT material receiving is adopted to avoid the problem of material accumulation in inventory and reduce space waste. Finally, by using an optimization model to consider the order demand time and conduct mathematical planning, the best transportation method and production mode are selected to achieve the maximum benefit of inventory management.
By optimizing the material receiving management process and utilizing an optimization model, the timing for the material receiving of complete sets is reasonably planned based on factors such as production demand and the actual delivery time of suppliers. This is to achieve the goal of on-time delivery of customer demand while effectively reducing inventory turnover days and reducing the occurrence of materials that have not been changed for a long time, thereby enhancing the overall operational efficiency and competitiveness of the company. | en_US |