TY - GEN
T1 - Relationship between variants and inventory under consideration of the replenishment time
AU - Roser, Christoph
AU - Meier, Hauke
AU - Nakano, Masaru
PY - 2017
Y1 - 2017
N2 - 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.
AB - 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.
KW - Customer takt
KW - Finished goods inventory
KW - Replenishment time
KW - Variant reduction
UR - http://www.scopus.com/inward/record.url?scp=85029457199&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=85029457199&partnerID=8YFLogxK
U2 - 10.1007/978-3-319-66926-7_44
DO - 10.1007/978-3-319-66926-7_44
M3 - Conference contribution
AN - SCOPUS:85029457199
SN - 9783319669250
T3 - IFIP Advances in Information and Communication Technology
SP - 382
EP - 389
BT - Advances in Production Management Systems
A2 - Thoben, Klaus-Dieter
A2 - von Cieminski, Gregor
A2 - Kiritsis, Dimitris
A2 - Lodding, Hermann
A2 - Riedel, Ralph
PB - Springer New York LLC
T2 - IFIP WG 5.7 International Conference on Advances in Production Management Systems, APMS 2017
Y2 - 3 September 2017 through 7 September 2017
ER -