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
EditorsKlaus-Dieter Thoben, Gregor von Cieminski, Dimitris Kiritsis, Hermann Lodding, Ralph Riedel
PublisherSpringer New York LLC
Pages382-389
Number of pages8
ISBN (Print)9783319669250
DOIs
Publication statusPublished - 2017 Jan 1
EventIFIP WG 5.7 International Conference on Advances in Production Management Systems, APMS 2017 - Hamburg, Germany
Duration: 2017 Sep 32017 Sep 7

Publication series

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

Conference

ConferenceIFIP WG 5.7 International Conference on Advances in Production Management Systems, APMS 2017
CountryGermany
CityHamburg
Period17/9/317/9/7

Keywords

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

ASJC Scopus subject areas

  • Information Systems
  • Computer Networks and Communications
  • Information Systems and Management

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  • Cite this

    Roser, C., Meier, H., & Nakano, M. (2017). Relationship between variants and inventory under consideration of the replenishment time. In K-D. Thoben, G. von Cieminski, D. Kiritsis, H. Lodding, & R. Riedel (Eds.), Advances in Production Management Systems: The Path to Intelligent, Collaborative and Sustainable Manufacturing - IFIP WG 5.7 International Conference, APMS 2017, Proceedings (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