TY  - JOUR
TI  - APPLYING FORECASTING METHODS TO REDUCE THE COST OF SPARE PARTS  INVENTORY IN A COMPANY
AB  - Any improvement on inventory cost provides financial benefits to companies and also increases  customer satisfaction. In this study, it was aimed to reduce the cost of inventory of a  construction equipment vendor with spare parts stock of ten thousand available out of almost  fifty thousand registered items and increase in spare parts availability. The vendor company  prepares spare part orders by using 12-month moving average of variable demand data. The  research question was whether or not moving average method used by the company provides  minimum cost and minimum lost sales. 36-month spare parts sales data were analyzed by  using various forecasting methods. A sample group that best represents thousands of spare  parts was selected for the analysis. A test period was picked out of 36-month time period and  various forecasting methods were used for demand forecasting of this sample group. Stock on  hand amount and lost sales amount were calculated for each demand forecast method and the  method which provides minimum cost was determined.
AU  - Sennaroglu, Bahar
AU  - T, ALPER
PY  - 2021
JO  - Endüstri Mühendisliği
VL  - 32
IS  - 3
SN  - 1300-3410
SP  - 396
EP  - 413
DB  - TRDizin
UR  - http://search/yayin/detay/1118431
ER  -