Artikel
Integrated inventory ranking system for oilfield equipment industry
Purpose: This case study is motivated by the subcontracting problem in an oilfield equipment and service company where the management needs to decide which parts to manufacture in-house when the capacity is not enough to make all required parts. Currently the company is making subcontracting decisions based on management's experience. Design/methodology/approach: Working with the management, a decision support system (DSS) is developed to rank parts by integrating three inventory classification methods considering both quantitative factors such as cost and demand, and qualitative factors such as functionality, efficiency, and quality. The proposed integrated inventory ranking procedure will make use of three classification methods: ABC, FSN, and VED. Findings: An integration mechanism using weights is developed to rank the parts based on the total priority scores. The ranked list generated by the system helps management to identify about 50 critical parts to manufacture in-house. Originality/value: The integration of all three inventory classification techniques into a single system is a unique feature of this research. This is important as it provides a more inclusive, big picture view of the DSS for management's use in making business decisions.
- Sprache
-
Englisch
- Erschienen in
-
Journal: Journal of Industrial Engineering and Management (JIEM) ; ISSN: 2013-0953 ; Volume: 7 ; Year: 2014 ; Issue: 1 ; Pages: 115-136 ; Barcelona: OmniaScience
- Klassifikation
-
Management
- Thema
-
inventory management
inventory classification methods
ABC
FSN
VED
subcontracting
decision support system
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Ben Hmida, Jalel
Parekh, Siddharth
Lee, Jim
- Ereignis
-
Veröffentlichung
- (wer)
-
OmniaScience
- (wo)
-
Barcelona
- (wann)
-
2014
- DOI
-
doi:10.3926/jiem.511
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Ben Hmida, Jalel
- Parekh, Siddharth
- Lee, Jim
- OmniaScience
Entstanden
- 2014
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