1 / 8

Resolution of Inventory Management Problem

Resolution of Inventory Management Problem. SYSM 6309 Advanced Requirements Engineering By: Ben Smiley. Background. Local company with unique business model Operating in the electronic component space Solicited help from UTD consulting club for their inventory management problem.

denver
Télécharger la présentation

Resolution of Inventory Management Problem

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Resolution of Inventory Management Problem SYSM 6309 Advanced Requirements Engineering By: Ben Smiley

  2. Background • Local company with unique business model • Operating in the electronic component space • Solicited help from UTD consulting club for their inventory management problem

  3. Problem Description • Inventory consists of hard to find & obsolete parts • High margin business • Extremely slow inventory turnover • Inventory has become unmanageable

  4. Problem Description Cont. • Company is in transition between small to mid sized • Outgrowing their processes and tools • Able to handle 20% of unsolicited sales requests due to problems in inventory mgmt.

  5. Business Cost of Problem • Current annual sales are approx. 6.2M • Potential annual sales are approx. 31.3M

  6. Consultation Process • 1) Conduct interview with reps from all depts. a) Develop understanding of existing process b) Identify pain points for all depts. • 2) Develop process mapping • 3) Consolidate inputs into problem definition. • 4) Prioritize problems by severity • 5) Write requirements to address problems • 6) Present to stakeholders for feedback • 7) Modify requirements as required

  7. Preliminary Findings • Current software system designed Ad-hoc • Inadequate to current needs • Several groups have devised their own system using spreadsheets • User training on processes and software are inadequate • Serious interdepartmental communications issues • Sales • Production • Logistics • Customer Care • Procurement

  8. Next Steps • Develop Requirements for Inventory Mgt. Software • Investigate options • COTS • Internally developed customized solution • Evaluate strengths and weaknesses of options • Present final recommendations to senior management

More Related