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dc.contributor.advisorStanley B. Gershwin.en_US
dc.contributor.authorWang, Xiaojun, M. Eng. Massachusetts Institute of Technologyen_US
dc.contributor.otherMassachusetts Institute of Technology. Dept. of Mechanical Engineering.en_US
dc.date.accessioned2011-04-25T16:11:33Z
dc.date.available2011-04-25T16:11:33Z
dc.date.copyright2010en_US
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/1721.1/62513
dc.descriptionThesis (M. Eng.)--Massachusetts Institute of Technology, Dept. of Mechanical Engineering, 2010.en_US
dc.descriptionCataloged from PDF version of thesis.en_US
dc.descriptionIncludes bibliographical references (p. 63).en_US
dc.description.abstractPharmaceutical company SPM has over 400 cases of inventory discards over the past five years which constitute a significant operating cost. Due to the complexity and randomness of each case, the root causes that result in inventory discards are not identified by the management, thereby hindering SPM from coming up with effective discard minimization practices. This thesis investigates the discard reasons and analyzes the severity of each cause. Raw material expiration is identified as one of the primary discard causes. High raw material inventory level is resulted from the current inadequate inventory management practices in SPM. A raw material inventory management procedure with appropriate inventory grouping strategies incorporating the shelf life is developed in order to help SPM reduce its waste in material expiration. Based on the study of demand information and forecast accuracy, different inventory models are applied to classified inventory groups to determine the amount of inventory to be ordered and kept as safety stock. The study finds that the new procedure reduces the average inventory costs of the items studied by 43%.en_US
dc.description.statementofresponsibilityby Xiaojun Wang.en_US
dc.format.extent65 p.en_US
dc.language.isoengen_US
dc.publisherMassachusetts Institute of Technologyen_US
dc.rightsM.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See provided URL for inquiries about permission.en_US
dc.rights.urihttp://dspace.mit.edu/handle/1721.1/7582en_US
dc.subjectMechanical Engineering.en_US
dc.titleInventory management in a pharmaceutical company : minimizing discard practicesen_US
dc.typeThesisen_US
dc.description.degreeM.Eng.en_US
dc.contributor.departmentMassachusetts Institute of Technology. Department of Mechanical Engineering
dc.identifier.oclc712602499en_US


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