Authors
Clint Saidy, Liudas Panavas, Ramy Harik, Abdel-Moez Bayoumi, Joseph Khoury
Conference
International Conference on Product Lifecycle Management, pp. 184-195 (pp. 184-195). Seville, Spain: Springer, Cham.
Abstract
Due to uncertainties in demand, some parts might go out of stock during the manufacturing process leading to backorders if an out of-stock part is critical. In order to reduce additional cost it is important to optimize restocking processes. To do so, the concept of Part Criticality is used to rank and prioritize parts involved in the production of different products. In this paper, we develop an algorithm to get the Compound Global Index which represents the part criticality.
Keywords
supply chain, inventory control, uncertainty, criticality
Citation
Clint Saidy, Liudas Panavas, Ramy Harik, Abdel-Moez Bayoumi, & Joseph Khoury. (July 2017). Development of a Part Criticality Index in Inventory Management. IFIP International Conference on Product Lifecycle Management, pp. 184-195 (pp. 184-195). Seville, Spain: Springer, Cham.
Link: https://link.springer.com/chapter/10.1007/978-3-319-72905-3_17
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