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Calculation of Rational Inventory of Spare Parts in Power Enterprise Based on Chronological-Order Prediction

In: Proceedings of 20th International Conference on Industrial Engineering and Engineering Management

Author

Listed:
  • Jian Li

    (Tianjin University
    Shenzhen Power Supply Co., LTD.)

  • Man Xu

    (Nankai University)

Abstract

Material, the basis for the normal operation of enterprises, is greatly demanded in power grid enterprises, shows strong effectiveness, and directly affects the operation costs of enterprises. The whole logistics process of enterprises, including purchasing, handling, transportation and distribution of materials, is inseparable from inventory. In short, inventory has penetrated into every link of the whole logistics system. At present, the role of inventory has been attached great importance to large enterprise management process. Inventory management requires huge investment, thus it becomes the center and ultimate goal of inventory management and logistics management to reduce inventory and inventory costs or even realize no inventory. This study proposes methods to reasonably calculate the spare parts inventory, and puts forward solutions to optimized management of spare parts inventory in power enterprises, with the final purpose to improve management mode of traditional spare parts and achieve intensive, lean, standard management of spare parts in power grid enterprises.

Suggested Citation

  • Jian Li & Man Xu, 2013. "Calculation of Rational Inventory of Spare Parts in Power Enterprise Based on Chronological-Order Prediction," Springer Books, in: Ershi Qi & Jiang Shen & Runliang Dou (ed.), Proceedings of 20th International Conference on Industrial Engineering and Engineering Management, edition 127, pages 841-850, Springer.
    • Handle: RePEc:spr:sprchp:978-3-642-40063-6_83
    DOI: 10.1007/978-3-642-40063-6_83
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