Development of an Inventory Management Program for Warehouse Storage of Raw Materials in a Continuous Chemical Manufacturing System to Prevent Production Deficiencies
Document Type
Article
Publication Title
Proceedings of the International Conference on Industrial Engineering and Operations Management
Abstract
Raw materials are the key to every manufacturing process, without raw materials or with inadequate quantities the entire production system could be in jeopardy. This is true for continuous manufacturing processes because the entire production system may be in a chemical manufacturing facility the packaging materials are equally if not of more importance than the raw material inputs since without adequate packaging materials to package the finished product there is no need for process inputs. The goal of manufacturers is to produce a maximum quantity of finished goods while ensuring customer satisfaction, which in turn maximizes profits. An efficient inventory management program is critical to maximizing production capabilities of a continuous production process, while minimizing production deficiencies. The objective of this study is to ensure proper levels of onsite supplies and/or materials while eliminating the issues that arise with the overstocking and/or under-stocking of these required inventoried items. Although there are several aspects that contribute to the controlling of onsite inventory throughout the production processes, the uncertainties affiliated with the supply chain, unprecedented inventory costs, and fundamentals of inventory are the greatest variables that effect any inventory management system. These components are analyzed and optimized to create an adequate program for inventory management within the manufacturing environment.
DOI
10.46254/an13.20230016
Publication Date
3-9-2023
Recommended Citation
Hossain, Niamat Ullah; Sokolov, Alexandr M.; Turner, Hannah V.; and Merrill, Brian, "Development of an Inventory Management Program for Warehouse Storage of Raw Materials in a Continuous Chemical Manufacturing System to Prevent Production Deficiencies" (2023). Engineering & Construction Management Faculty Publications. 12.
https://arch.astate.edu/ecs-emcmfac/12
Comments
Presented at the 13th Annual International Conference on Industrial Engineering and Operations Management.