Inventory System

Optimal Stock Level and Inventory Policy

The Challenge:

High production downtime that is caused by the stock runs out for sub-components required in the production lines due to the failure of suppliers to deliver on time

 

The Solution:

Improving inventory system and production plan using mathematical models and a prototype system in determining the optimal production quantity and allocation of resources

The Benefit:

Improve the inventory system and decision making for production planning

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Universiti Teknologi Malaysia UTM Nexus - Research & Innovation

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Advance Membrane Technology Research Centre - AMTEC Institute of Noise & Vibration - INV Wireless Communication Centre - WCC

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Institute of High Voltage & High Current - IVAT UTM-MPRC Institue for Oil & Gas - IFOG Centre for Artificial Intelligence & Robotics - CAIRO Centre for Engineering Education - CEE Centre for Advanced Composite Materials - CACM Innovation Centre in Agritechnology for Advanced Bioprocessing - ICA Institute of Bioproduct Development - IBD

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