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Mro Inventory Management

Ajay Sankar Nair

Published by LAP LAMBERT Academic Publishing
ISBN 10: 3659196681 / ISBN 13: 9783659196683
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About the Book

Bibliographic Details


Title: Mro Inventory Management

Publisher: LAP LAMBERT Academic Publishing

Binding: Paperback

Book Condition: New

Book Type: Paperback

Description:

Paperback. 160 pages. Dimensions: 8.8in. x 6.0in. x 0.6in.This book assists the manufacturing companies to avoid circumstances of having a substantial amount of working capital tied up in indirect materials, namely MRO Inventory. Padmanabha Matrix, the MRO Inventory Management framework advices manufacturing companies on how to manage MRO Inventory using five major processes. It recommends the manufacturing companies to classify the MRO spare parts at every stage based on the process. The amalgamation of these processes that are developed in the framework is unique to this book and has not been defined or addressed within this context in any previous research. The decision chart that has been used in selection of Criticality, Lead time, Re-order point, Storage and Replenishment of spare parts can generate more than 600 decisions for just a single spare part. Over 3 Million decisions can be generated for a manufacturing company that has more than 5000 Stock Keeping Units. The framework, decision chart, and recommendations to small, medium and large manufacturing companies will steer organisations to have MRO inventory: of the Right Part, at the Right Time, in the Right Quantity, at the Right Location and at the Right Price. This item ships from multiple locations. Your book may arrive from Roseburg,OR, La Vergne,TN. Bookseller Inventory # 9783659196683

About this title:

Synopsis: This book assists the manufacturing companies to avoid circumstances of having a substantial amount of working capital tied up in indirect materials, namely MRO Inventory. 'Padmanabha Matrix', the MRO Inventory Management framework advices manufacturing companies on how to manage MRO Inventory using five major processes. It recommends the manufacturing companies to classify the MRO spare parts at every stage based on the process. The amalgamation of these processes that are developed in the framework is unique to this book and has not been defined or addressed within this context in any previous research. The decision chart that has been used in selection of Criticality, Lead time, Re-order point, Storage and Replenishment of spare parts can generate more than 600 decisions for just a single spare part. Over 3 Million decisions can be generated for a manufacturing company that has more than 5000 Stock Keeping Units. The framework, decision chart, and recommendations to small, medium and large manufacturing companies will steer organisations to have MRO inventory: of the Right Part, at the Right Time, in the Right Quantity, at the Right Location and at the Right Price.

About the Author: Graduated in 2012 with a MSc in Supply Chain and Logistics Management from the University of Warwick. In his sixteen years of career, he has held various position in Travel & Mining organisations in India, Tanzania and Laos. He received under graduate degree in Economics at the University of Kerala in 1992.

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