Possible cost reduction by applying MRP in a transformer manufacturing company of Bangladesh

Local manufacturing industries generally do not pay adequate attention towards applying the state-of-the-art operations management techniques in inventory control, scheduling, material requirements planning (MRP) etc. The main identifiable reasons are lack of exposure to the concurrent techniques a...

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Main Authors:	Hasan, S. Mainul, Karim, A.N. Mustafizul
Format:	Conference or Workshop Item
Language:	English
Published:	2002
Subjects:	T55.4 Industrial engineering.Management engineering.
Online Access:	http://irep.iium.edu.my/26862/ http://irep.iium.edu.my/26862/1/MRP_%2308.pdf

id	iium-26862
recordtype	eprints
spelling	iium-268622016-08-10T00:58:26Z http://irep.iium.edu.my/26862/ Possible cost reduction by applying MRP in a transformer manufacturing company of Bangladesh Hasan, S. Mainul Karim, A.N. Mustafizul T55.4 Industrial engineering.Management engineering. Local manufacturing industries generally do not pay adequate attention towards applying the state-of-the-art operations management techniques in inventory control, scheduling, material requirements planning (MRP) etc. The main identifiable reasons are lack of exposure to the concurrent techniques and facilities, exorbitantly high price of commercially available software and inadequate indigenous support systems. Moreover, the lack of knowledge about the benefits of using MRP in various aspects hindered its wide spread diffusion. Most of the local firms assume that the procurement of raw materials either in huge quantity at a time or in small amount from period to period without adopting any mathematical approach would not have any remarkable effect on the total inventory cost. Practically the situation is different and it has been found that the procurement of material applying an established algorithm instead of current practice could significantly reduce the total incremental inventory costs. In this respect educational software was used. This paper highlights the salient features of MRP application in a local transformer manufacturing industry and makes a comparison of the total inventory costs determined by following the user-defined approach and the standard lot-sizing approaches. 2002-08 Conference or Workshop Item PeerReviewed application/pdf en http://irep.iium.edu.my/26862/1/MRP_%2308.pdf Hasan, S. Mainul and Karim, A.N. Mustafizul (2002) Possible cost reduction by applying MRP in a transformer manufacturing company of Bangladesh. In: International Conference on Manufacturing (ICM 2002), 09-11 August, 2002, Dhaka, Bangladesh.
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	T55.4 Industrial engineering.Management engineering.
spellingShingle	T55.4 Industrial engineering.Management engineering. Hasan, S. Mainul Karim, A.N. Mustafizul Possible cost reduction by applying MRP in a transformer manufacturing company of Bangladesh
description	Local manufacturing industries generally do not pay adequate attention towards applying the state-of-the-art operations management techniques in inventory control, scheduling, material requirements planning (MRP) etc. The main identifiable reasons are lack of exposure to the concurrent techniques and facilities, exorbitantly high price of commercially available software and inadequate indigenous support systems. Moreover, the lack of knowledge about the benefits of using MRP in various aspects hindered its wide spread diffusion. Most of the local firms assume that the procurement of raw materials either in huge quantity at a time or in small amount from period to period without adopting any mathematical approach would not have any remarkable effect on the total inventory cost. Practically the situation is different and it has been found that the procurement of material applying an established algorithm instead of current practice could significantly reduce the total incremental inventory costs. In this respect educational software was used. This paper highlights the salient features of MRP application in a local transformer manufacturing industry and makes a comparison of the total inventory costs determined by following the user-defined approach and the standard lot-sizing approaches.
format	Conference or Workshop Item
author	Hasan, S. Mainul Karim, A.N. Mustafizul
author_facet	Hasan, S. Mainul Karim, A.N. Mustafizul
author_sort	Hasan, S. Mainul
title	Possible cost reduction by applying MRP in a transformer manufacturing company of Bangladesh
title_short	Possible cost reduction by applying MRP in a transformer manufacturing company of Bangladesh
title_full	Possible cost reduction by applying MRP in a transformer manufacturing company of Bangladesh
title_fullStr	Possible cost reduction by applying MRP in a transformer manufacturing company of Bangladesh
title_full_unstemmed	Possible cost reduction by applying MRP in a transformer manufacturing company of Bangladesh
title_sort	possible cost reduction by applying mrp in a transformer manufacturing company of bangladesh
publishDate	2002
url	http://irep.iium.edu.my/26862/ http://irep.iium.edu.my/26862/1/MRP_%2308.pdf
first_indexed	2023-09-18T20:39:57Z
last_indexed	2023-09-18T20:39:57Z
_version_	1777409298418106368

Possible cost reduction by applying MRP in a transformer manufacturing company of Bangladesh

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