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    Spare Part Inventory Analysis Report: Normal Distribution-Curve EOQ Model

    Uploaded by

    Ranjan Shankar
    The report analyzes spare part inventory for a drive arm material. It details the unit price, annual consumption, reorder point, lead times, and material consumption over the past 5 years. Charts show the normal distribution curve and total cost under an EOQ model with parameters like annual demand, holding cost, and ordering cost. The analysis recommends no stock is needed based on the unit cost, lead times, and safety stock factors.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Spare Part Inventory Analysis Report: Normal Distribution-Curve EOQ Model

    Uploaded by

    Ranjan Shankar
    41 views1 page
    The report analyzes spare part inventory for a drive arm material. It details the unit price, annual consumption, reorder point, lead times, and material consumption over the past 5 years. Charts show the normal distribution curve and total cost under an EOQ model with parameters like annual demand, holding cost, and ordering cost. The analysis recommends no stock is needed based on the unit cost, lead times, and safety stock factors.

    Original Description:

    Material

    Original Title

    000165021

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    © © All Rights Reserved

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    The report analyzes spare part inventory for a drive arm material. It details the unit price, annual consumption, reorder point, lead times, and material consumption over the past 5 years. Charts show the normal distribution curve and total cost under an EOQ model with parameters like annual demand, holding cost, and ordering cost. The analysis recommends no stock is needed based on the unit cost, lead times, and safety stock factors.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    41 views1 page

    Spare Part Inventory Analysis Report: Normal Distribution-Curve EOQ Model

    Uploaded by

    Ranjan Shankar
    The report analyzes spare part inventory for a drive arm material. It details the unit price, annual consumption, reorder point, lead times, and material consumption over the past 5 years. Charts show the normal distribution curve and total cost under an EOQ model with parameters like annual demand, holding cost, and ordering cost. The analysis recommends no stock is needed based on the unit cost, lead times, and safety stock factors.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    Spare Part Inventory Analysis Report

    Material #

    000165021

    Material Description

    ARM,DRIVE,4016611,TITAN

    Unit Price

    CAD

    Plant

    StLoc.

    0611

    5 yrs
    Annual
    Cons.

    Maximum
    SoH
    Level

    Average
    Reorder Point
    Cons.

    13.16

    Lead Time in Days


    Planned Delivery
    Lead Time

    GR Processing
    Lead Time

    Latest Goods Receipt


    Date

    Latest Goods
    Issue Date

    2/17/2012

    1/12/2012

    Material Consumption for Past 5 Years or 60 Months


    000165021

    1.2

    1
    0.8
    0.6

    0.4
    0.2

    0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
    0
    2015-12 2015-09 2015-06 2015-03 2014-12 2014-09 2014-06 2014-03 2013-12 2013-09 2013-06 2013-03 2012-12 2012-09 2012-06 2012-03

    Annual demand
    90%

    Service Level 90%

    Per Order cost

    SL Factor

    1.28

    Risk of a StockOut 10%

    Holding Cost /Unit/Year


    Economic Order Quantity

    2011-03

    EOQ
    Total Holding Cost
    Total Ordering Cost
    Total Cost

    0.8

    Risk of a
    StockOut 10%

    2011-06

    EOQ Model

    0.9

    Service Level
    90%

    68%

    2011-09

    95%

    2011-12

    Service Level

    Normal Distribution- Curve

    0 0 0 0 0 0 0 0 0 0 0 0

    0.7

    Cost ($)

    0.6
    0.5
    0.4
    0.3
    0.2

    EOQ
    5

    0.1
    0
    0.1%

    0.6%

    2.3%

    6.7%

    15.9%

    30.9%

    50.0%

    69.1%

    84.1%

    93.3%

    97.7%

    99.4%

    99.9%

    Percentile

    Order Quantity

    Safety Stock (SS)

    Demand During Lead Time

    Reorder Point (RoP)

    Economic Order Qty (EoQ)

    EOQ = Economic order quantity


    Stock On Hand
    Co = Cost of procurement
    S = Annual usage
    0
    Cm = Annual carrying costs
    U = Cost of the item.
    CAD
    DDL = Demand during Lead Time or working stock.
    S = Annual usage of the item (demand)
    LT = Lead time in days.
    SS = Safety stock.
    SD = Standard deviation of monthly demand.
    SL = Standard deviation of Lead-time.
    SL Factor = The normal distribution value which yields the desired service level factor

    IOC
    EXISTING MIN

    IOC
    EXISTING MAX

    SKF
    MIN

    SKF
    MAX

    CAD

    CAD

    Movement Type
    Ranking

    Lead Time Ranking

    CAD

    CAD

    SKF Remarks

    NO STOCK SUGGESTED
    Unit Cost Ranking

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