Friday, 16 July 2010

Inventory Optimization Techniques: A comparative Study of the Inventory Optimization Technique Used by Telecom Retailers

A key concern for retailers today is reducing inventory and inventory driven costs across their supply and distribution networks. Pressure to cut inventories continues to build for several reasons. Manufacturers no longer manage linear or stable supply chains. In the last few years a new paradigm has emerged: where one finds operations teams and planning teams of the manufacturer applying the latest techniques and technologies to improve inventory visibility, control and management across the extended supply network. We call this collection of efforts as Inventory optimization. Inventory optimization helps retailers control inventory driven costs and address today’s demand volatility and the uncertainty of demand. We discuss several trends in inventory optimization including opportunities to apply this new technology to solve more than just high inventory costs. Inventory optimization can enable smarter product launches, lower direct material cost of goods and faster manufacturing and distribution execution. The objective of this dissertation report is to find out the inventory optimization techniques used by the telecom retailers. The objective is to find out the inventory optimization technique used by retailers for AIRCEL and AIRTEL and then to do a comparative analysis of both the inventory optimization technique, to find out the best inventory optimization technique The aim of this research is to study about the inventory optimization techniques that are available to optimize the inventory. This will definitely give me knowledge about the insights of inventory optimization and about the model that may be used in inventory optimization. The objective of the dissertation is: (1) To find out the inventory optimization technique, used by telecom retailers for AIRTEL and AIRCEL SIM cards. (2) To do a comparative analysis of the two techniques to find out the best technique of inventory optimization for telecom retailers.

Executive Summary

1.0 Introduction
Inventory Optimization
Need for Optimizing Inventories
Introduction to inventory optimization practices
Economic Order Quantity (EOQ)
The Total Cost function
Profit Driven Analysis
Inventory Misconceptions
A New Opportunity for Inventory Savings
Critical Role of Technology in Inventory Management
Pressures, Actions, Capabilities, Enablers (PACE)
Benefits of Inventory Optimization

2.0 Statement of Research Question

3.0 Research Design

4.0 Research Methodology
Scope of the Study

5.0 Sampling

6.0 Design of Instruments

7.0 Procedure

Questionnaire with Answer of Respondents

9.0 Conclusion
Parameters for comparison

10.0 References

11.0 Annexure
Inventory Questionnaire

12.0 Timescale
GANTT chart

Download Here: Dissertation