Spare parts inventory management in special steel enterprise
Wanlei Wang · Computer Integrated Manufacturing Systems · 2007
To keep the factory running smoothly with reasonable spare parts inventory fund, a new spare parts inventory management method was proposed based on the property classification of spare part inventory.Firstly,the spare part inventory styles were classified.Then,a decision tree was defined based on classification result with shortage cost,inventory cost,purchase cost,spare part utilization frequency,spare part supply condition and spare part requirement forecast as the nodes of the tree.The value of the node was decided by fuzzy neural network if multi-attribute decision was needed.Finally,the classification management of spare parts inventory strategy was realized by using the decision tree and inventory strategy table.Software implementation of the model in a special steel enterprise's ERP system was also presented.