Research About Spare Parts Inventory Control Of V Company

With the rapid development of modern society science and technology and theincreasingly fierce market competition, the auto industry has also developed rapidly.Especially in recent years, China has become the world’s largest car market. In2013, China’sauto sales already broke through20million, already surpassed the United States as the world’slargest market. In addition to more foreign car companies will open branches in China,domestic automobile company has been set up into the automotive industry. As the countryfaster and faster pace of industrial upgrading and transformation, investors also pay more andmore attention to the growth of new energy vehicles industry chain. Policy support for newenergy vehicles will also give the battery industry, upstream of the lithium battery motor andrare earths, charging stations, passenger car business opportunities. But with the increasinglyfierce competition, through cost savings to reduce car prices become the main means forautomotive manufacturers to grab the similar market share. To save costs, supply chainlogistics is recognized as the most promising research area. Toyota’s global supply chainmanagement has become the classic model for today’s various car companies to study andguide the direction to improve.V is a company to supply car engine radiator, fan and condenser cooling equipment.According to different car models, V provides different cooling equipment. But the highinventory takes up much money in this company. How to reduce inventory costs, reduceinventory risk reasonably at the same time meet customer demands is a research project for Vcompany. In order to solve this problem, in the second half of2013,the IE department of Vcompany put forward "-30plan", namely in the next two years, the cost decreased by30%,and the center of plan is the supply chain.The paper first summarized the relevant theories about inventory management andexisting research results. And then analyze current situation of the spare parts inventorymanagement. As for the problem like inaccurate information about inventory and chaoswarehouse management, we should make the inventory management strategy according to thecharacteristics of the enterprise itself. First, classify all the spare parts by ABC method.According to the different character of the ABC type, find proper control method for spare parts. Adopt period inspection (T, S) policy for type C. We will check cycle as a quarter orhalf a year, and purchase the spare parts together. For type B, analyze the historical data andfind the proper forecast method to use it in practice; For type A, analyze the characteristic andadopt continuity (R, Q) strategy to help to handle the spare parts in order to achieve the bestcontrol of spare parts.