Research On The Optimization Of Tt's Finished Product Inventory

In todays world,manufacturing firms in this competitive market are constantly combating challenging issues like increasing in the urgency of the customers 'request couple with frequent amendment in the requirement,long procurement period for raw materials,inventory management...etc.This calls for the need to improve the standard in the overall supply ehain management.As inventory management is an important segment of the supply chain management,organization are on the look out to search for revolutionary methods to improve and tackle traditional inventory management in order to reduce operating cost and achieve optimization.With reference to the current situation faced by TT Company,an analysis is made to deal with the inventory management concept has discovered:inaccurate demand forecast,poor product classification and lack of proper customer level management system.Specific improvement as follow:1.Replace current subjective forecast method with objective forecast method using time series module2.Improve current product classification method3.Optimize the safety stock level of MTS product based on new product classification method4.Introduce better customer level management systemTo explore a better way to optimize finished goods inventory management of TT Company to meet customers 'demand,achieve cost efficiency,lower down stock inventory and stay competitive.