Inventory optimization in an aerospace supply chain
Name
174987635-MIT.pdf
Description
Full printable version
Size
13.32 MB
Format
Adobe PDF
Checksum (MD5)
bcd792e710dc6444ba8c1af19184ea0d
Author(s)
Lo, Billy S. (Billy Si Yee)
Advisor(s)
Donald B. Rosenfield and Deborah Nightingale.
Date Issued
2007
Publisher
Massachusetts Institute of Technology
Abstract
Strategic inventory management has become a major focus for Honeywell Aerospace as the business unit challenged itself to meeting cost reduction goals while maintaining a high level of service to its customers. This challenge has become particularly important as customers have steered their purchase decisions from focusing only on capability and quality to including cost performance as well. To do so, Honeywell Aerospace's Planning and Asset Management group is undertaking a three-year effort to re-engineer its inventory planning systems with the goal of increasing planner productivity, improving supply chain responsiveness, and reducing overall inventory. This internship forms the building blocks of this strategy by leveraging existing software available in the industry and applying it to Honeywell's supply chain. Through two pilot programs with different supply chain designs, this internship analyzed the cost and benefit of transforming the company's inventory management strategy. In addition, this internship attempts to identify the challenges associated with such an enormous change, compare them with challenges with implementation in other industries in order to prepare management for full implementation across all product lines. These challenges range from leadership buy-in and information readiness to implementation feasibility both within Honeywell manufacturing and its suppliers.
Description
Thesis (M.B.A.)--Massachusetts Institute of Technology, Sloan School of Management; and, (S.M.)--Massachusetts Institute of Technology, Engineering Systems Division; in conjunction with the Leaders for Manufacturing Program at MIT, 2007.
Includes bibliographical references (p. 66-67).
Subjects
Sloan School of Management.
Engineering Systems Division.
Leaders for Manufacturing Program.
MIT Department
Leaders for Manufacturing Program at MIT
Massachusetts Institute of Technology. Engineering Systems Division
Sloan School of Management
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