Reliability-Based Warehouse Inventory Sparing and Downtime Optimization
13 June 2004
The objective of this Warehouse Spare Optimization (WSO) service is to assist customers to optimize their inventory and spare management strategy to save operating and capital expenses. This service addresses the following issues: (1) What is the right operation strategy to minimize the number of spares in spare warehouse to maintain reliability of the networks and services? (2) Where is the best location to locate the spare warehouse or warehouses? (3) Should I have Distributed or Centralized spare warehouse? The output of this service includes an in-depth technical and economic analysis to assist decision makers to make the best business decision possible. This service also addresses the effect of operating uncertainties, such as the uncertainty of delivery time, restock time, failure rates, etc.