| dc.rights.license | All rights reserved | en_US |
| dc.contributor.advisor | Nieves Castro, Rafael A. | |
| dc.contributor.author | Lozada Murcelo, Ana M. | |
| dc.date.accessioned | 2020-09-16T18:15:52Z | |
| dc.date.available | 2020-09-16T18:15:52Z | |
| dc.date.issued | 2015 | |
| dc.identifier.citation | Lozada Murcelo, A. M. (2015). Optimizing inventory levels in a medical device company [Unpublished manuscript]. Graduate School, Polytechnic University of Puerto Rico. | en_US |
| dc.identifier.uri | http://hdl.handle.net/20.500.12475/646 | |
| dc.description | Design Project Article for the Graduate Programs at Polytechnic University of Puerto Rico | en_US |
| dc.description.abstract | Having material shortages can be
dangerous to production since it can cause lack of
product availability for sale therefore making the
company unprofitable. Only measuring the weeks of
inventory and inventory turns can be misleading
since these two ratios can indicate that the inventory
is under control when is not. Considering the safety
stock coverage as part of the analysis can help
identify what percentage of the items have the
necessary inventory available to run the
manufacturing line effectively. In order to calculate
the optimum material quantity to have healthy levels
of inventory, the ABC Analysis was used. Also, to
make ensure the Enterprise Resource Planning
(ERP) System provides the right signals, a kaizen
event was implemented to identify all the parameters
that needed to be updated, to what quantity and the
owner of them. As a result, the variable of Buyer and
ERP System Execution decreased its occurrence
28%.
Key Terms - DMAIC, Inventory Control,
Inventory Optimization, Supply Chain Management | en_US |
| dc.language.iso | en_US | en_US |
| dc.publisher | Polytechnic University of Puerto Rico | en_US |
| dc.relation.ispartof | Manufacturing Competitiveness | |
| dc.relation.ispartofseries | Spring-2015 | |
| dc.relation.haspart | San Juan | en_US |
| dc.subject.lcsh | Six sigma (Quality control standard) | en_US |
| dc.subject.lcsh | Medical instruments and apparatus industry--Inventory control | |
| dc.subject.lcsh | Polytechnic University of Puerto Rico--Graduate students--Research | |
| dc.title | Optimizing Inventory Levels in a Medical Device Company | en_US |
| dc.type | Article | en_US |
| dc.rights.holder | Polytechnic University of Puerto Rico, Graduate School | en_US |
