Abstract
Order picking and warehouse management is a key activity in any replenishment strategy. An inventory management
model is proposed which can be managed through indicators such as order picking time and inventory turnover. For
this purpose, a combination of different methods such as ARIMA forecasting, economic lot sizing (EOQ), 5S strategy
and ABC technique were combined and taken to a simulation through ARENA software. Finally, the MAPE indicators
were reduced from a range of 47.44% up to 79.39% to range of 5.93% up to 37.47%, which is the result of an initial
situation versus a later improved one, as well as an increase in inventory turnover and a reduction in total order
preparation time.
model is proposed which can be managed through indicators such as order picking time and inventory turnover. For
this purpose, a combination of different methods such as ARIMA forecasting, economic lot sizing (EOQ), 5S strategy
and ABC technique were combined and taken to a simulation through ARENA software. Finally, the MAPE indicators
were reduced from a range of 47.44% up to 79.39% to range of 5.93% up to 37.47%, which is the result of an initial
situation versus a later improved one, as well as an increase in inventory turnover and a reduction in total order
preparation time.
| Translated title of the contribution | Lean Logistic and Demand Planning Model |
|---|---|
| Original language | American English |
| Title of host publication | Lean Logistic and Demand Planning Model |
| Place of Publication | United States |
| Publisher | IEOM Society International |
| Chapter | 1 |
| Number of pages | 12 |
| ISBN (Electronic) | 978-1-7923-9159-0 |
| State | Published - 28 Nov 2022 |
| Event | Proceedings of the 3rd South American International Industrial Engineering and Operations Management Conference, Asuncion, Paraguay, July 19-21, 2022 - Universidad Nacional de Asunción - Paraguay, Asunción, Paraguay Duration: 19 Jul 2022 → 21 Jul 2022 Conference number: 3 http://ieomsociety.org/paraguay2022/proceedings/ |
Conference
| Conference | Proceedings of the 3rd South American International Industrial Engineering and Operations Management Conference, Asuncion, Paraguay, July 19-21, 2022 |
|---|---|
| Abbreviated title | IEOM Paraguay 2022 |
| Country/Territory | Paraguay |
| City | Asunción |
| Period | 19/07/22 → 21/07/22 |
| Internet address |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 12 Responsible Consumption and Production
Projects
- 2 Finished
-
Urban logistics applied to retail distribution of products and services
1/04/22 → 31/03/23
Project: Research
-
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