Relationship between variants and inventory under consideration of the replenishment time

Christoph Roser, Hauke Meier, Masaru Nakano

Research output: Chapter in Book/Report/Conference proceedingConference contribution

1 Citation (Scopus)

Abstract

It is common wisdom that the finished goods inventory increases with the number of variants stored in that inventory. However, to the best of our knowledge, this has never been verified. This paper presents research where this relationship has been analyzed both by applying theory and through analytical simulation. The result shows that this common wisdom is not always true. The number of kanban increases as the customer takt decreases if the customer takt is smaller than the replenishment time. If the customer takt is larger than the replenishment time, a change in the customer takt will not change the required minimum inventory of one. Similar holds true for the number of variants.

Original languageEnglish
Title of host publicationAdvances in Production Management Systems
Subtitle of host publicationThe Path to Intelligent, Collaborative and Sustainable Manufacturing - IFIP WG 5.7 International Conference, APMS 2017, Proceedings
PublisherSpringer New York LLC
Pages382-389
Number of pages8
Volume514
ISBN (Print)9783319669250
DOIs
Publication statusPublished - 2017
Event5th International Workshop on Languages and Compilers for Parallel Computing, 1992 - New Haven, United States
Duration: 1992 Aug 31992 Aug 5

Publication series

NameIFIP Advances in Information and Communication Technology
Volume514
ISSN (Print)1868-4238

Other

Other5th International Workshop on Languages and Compilers for Parallel Computing, 1992
CountryUnited States
CityNew Haven
Period92/8/392/8/5

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Keywords

  • Customer takt
  • Finished goods inventory
  • Replenishment time
  • Variant reduction

ASJC Scopus subject areas

  • Information Systems and Management

Cite this

Roser, C., Meier, H., & Nakano, M. (2017). Relationship between variants and inventory under consideration of the replenishment time. In Advances in Production Management Systems: The Path to Intelligent, Collaborative and Sustainable Manufacturing - IFIP WG 5.7 International Conference, APMS 2017, Proceedings (Vol. 514, pp. 382-389). (IFIP Advances in Information and Communication Technology; Vol. 514). Springer New York LLC. https://doi.org/10.1007/978-3-319-66926-7_44