Semester of Graduation
Theses & dissertations (College of Business)
First Major Professor
Second Major Professor
Master of Science (MS)
Supply chains are often under constant pressure to offer high service level to its customers by efficiently managing inventory levels despite the variability in demand, lead time etc. A national cat litter company, DEF Corporation, is trying to evaluate the optimal levels of inventory, both cycle stock and safety stock on a non-constrained production line which is constrained by the limited storage space for raw material. The research aims to develop an Economic Order Quantity (EOQ) model for DEF Corporation and to determine the amount of finished goods inventory essential to compensate for the limited amount of raw material inventory that could be stocked due to limited storage. The study would also calculate safety stocks to deal with demand uncertainties. The results would provide a model for calculating optimum levels of inventory that would manage demand variability. The study would be beneficial for DEF as it would avoid lost sales due to stock outs.
Gupta, Richa, "Reconciling service levels by customers on a non-constrained production line for raw material and finished goods inventory levels" (2019). Creative Components. 185.