Minimizing Warehouse Space through Inventory Reduction at Reckitt Benckiser

This dissertation represents a ten week internship at pharmaceutical plant of Reckitt Benckiser for the Warehouse Stock Reduction Project. Due to foreseeable growth by the factory, there is increasing pressure to utilise existing warehouse space by reducing the existing stock level by 50 %. Therefor...

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Main Author: KILINC, IZGI SELEN
Format: Dissertation (University of Nottingham only)
Language:English
Published: 2009
Subjects:
Online Access:https://eprints.nottingham.ac.uk/22943/
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author KILINC, IZGI SELEN
author_facet KILINC, IZGI SELEN
author_sort KILINC, IZGI SELEN
building Nottingham Research Data Repository
collection Online Access
description This dissertation represents a ten week internship at pharmaceutical plant of Reckitt Benckiser for the Warehouse Stock Reduction Project. Due to foreseeable growth by the factory, there is increasing pressure to utilise existing warehouse space by reducing the existing stock level by 50 %. Therefore, this study aims to identify the opportunities to reduce the physical stock held in raw/pack materials in the warehouse and save space for additional manufacturing resources. The analysis demonstrates the reasons for high stock levels in the warehouse, and the problems with the current system, inventory management and material flow. Moreover, ABC analysis identifies relevant categories of materials and suppliers to find optimum ways of supplier replenishment to minimize the physical stock. Based on the analysis and findings, this study represents the opportunities that could lead stock reduction in raw/pack materials warehouse. Proposed solutions are focused on four main parts: Obsolete stock management, replenishment methods and JIT supply, warehouse configurations for space saving, and long term solutions such as VMI, SAP and information sharing. This study concludes with a general guideline for companies to reduce the stock levels for incoming materials, to better manage the inventory and save warehouse space without compromising the warehouse operational efficiency and company’s benefits.
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spelling nottingham-229432018-01-19T15:59:43Z https://eprints.nottingham.ac.uk/22943/ Minimizing Warehouse Space through Inventory Reduction at Reckitt Benckiser KILINC, IZGI SELEN This dissertation represents a ten week internship at pharmaceutical plant of Reckitt Benckiser for the Warehouse Stock Reduction Project. Due to foreseeable growth by the factory, there is increasing pressure to utilise existing warehouse space by reducing the existing stock level by 50 %. Therefore, this study aims to identify the opportunities to reduce the physical stock held in raw/pack materials in the warehouse and save space for additional manufacturing resources. The analysis demonstrates the reasons for high stock levels in the warehouse, and the problems with the current system, inventory management and material flow. Moreover, ABC analysis identifies relevant categories of materials and suppliers to find optimum ways of supplier replenishment to minimize the physical stock. Based on the analysis and findings, this study represents the opportunities that could lead stock reduction in raw/pack materials warehouse. Proposed solutions are focused on four main parts: Obsolete stock management, replenishment methods and JIT supply, warehouse configurations for space saving, and long term solutions such as VMI, SAP and information sharing. This study concludes with a general guideline for companies to reduce the stock levels for incoming materials, to better manage the inventory and save warehouse space without compromising the warehouse operational efficiency and company’s benefits. 2009-09-09 Dissertation (University of Nottingham only) NonPeerReviewed application/pdf en https://eprints.nottingham.ac.uk/22943/1/lixisk.pdf KILINC, IZGI SELEN (2009) Minimizing Warehouse Space through Inventory Reduction at Reckitt Benckiser. [Dissertation (University of Nottingham only)] (Unpublished) warehouse inventory reduction inventory management JIT supply VMI ABC pharmaceutical
spellingShingle warehouse
inventory reduction
inventory management
JIT supply
VMI
ABC
pharmaceutical
KILINC, IZGI SELEN
Minimizing Warehouse Space through Inventory Reduction at Reckitt Benckiser
title Minimizing Warehouse Space through Inventory Reduction at Reckitt Benckiser
title_full Minimizing Warehouse Space through Inventory Reduction at Reckitt Benckiser
title_fullStr Minimizing Warehouse Space through Inventory Reduction at Reckitt Benckiser
title_full_unstemmed Minimizing Warehouse Space through Inventory Reduction at Reckitt Benckiser
title_short Minimizing Warehouse Space through Inventory Reduction at Reckitt Benckiser
title_sort minimizing warehouse space through inventory reduction at reckitt benckiser
topic warehouse
inventory reduction
inventory management
JIT supply
VMI
ABC
pharmaceutical
url https://eprints.nottingham.ac.uk/22943/