Inventory Management System for the case study of a Cement Distributor (#1817)

Authors

Soto-DelaVega, Manuel

Vásquez, Jenifer Yoris

Fuquene-Retamoso, Carlos Eduardo

Abstract

The present article provides an in-depth analysis of the implementation of an inventory management system within a distributor, structured around three key stages: demand analysis, inventory modeling, and technological tool development. During the initial phase, individual product references underwent scrutiny, with demand projections generated using simple smoothing techniques due to the limited historical data availability, reflecting the company's recent market entry. In the subsequent phase, an Economic Order Quantity (EOQ) model was employed, underscoring its significance as a widely recognized and adaptable approach in the literature. Model parameters were fine-tuned to optimize inventory levels and minimize holding costs, resulting in tangible enhancements in operational efficiency and decision-making processes. Finally, a prototype of a technological tool was crafted in the concluding stage, amalgamating hardware, software, and an intuitive interface. This application facilitates streamlined inventory management, supplemented by the capability to generate insightful reports supporting strategic decision-making endeavors. Collectively, this study furnishes a comprehensive overview of the inventory management system implementation process, furnishing invaluable insights to bolster operational efficiency and competitive prowess within the distributor's market landscape.