IDEAS home Printed from https://ideas.repec.org/h/spr/sptchp/978-81-322-1970-5_10.html
   My bibliography  Save this book chapter

Inventory Management of Slow-Moving Materials

In: Materials Management

Author

Listed:
  • Prem Vrat

    (ITM University)

Abstract

This chapter addresses inventory management of slow-moving materials and special purpose materials required in the implementation of maintenance projects as well as in other projects where conventional inventory models are not applicable. Materials planning for slow-moving expensive engineering spares is discussed as special spares, adequate warning spares, and inadequate warning spares. In the first two cases, the optimal policy should be not to keep any inventory, but place an order just in time. Reduction in lead time should be a prime objective in reducing inventory of slow-moving but expensive spares. Only for “inadequate” warning spares, we need to keep some inventory. Second important problem in spares inventory control discussed is initial provisioning of rotable spares used in situations employing modular maintenance practice such as for aircraft maintenance. Trade-off between rotable spares inventory and maintenance capacity (maintenance crew size) are also explained. By expediting overhaul cycle time, rotable spares inventory can be reduced.

Suggested Citation

  • Prem Vrat, 2014. "Inventory Management of Slow-Moving Materials," Springer Texts in Business and Economics, in: Materials Management, edition 127, chapter 10, pages 175-193, Springer.
    • Handle: RePEc:spr:sptchp:978-81-322-1970-5_10
    DOI: 10.1007/978-81-322-1970-5_10
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Nityesh Bhatt & Sunita Guru & Shashank Thanki & Gunjan Sood, 2021. "Analysing the factors affecting the selection of ERP package: a fuzzy AHP approach," Information Systems and e-Business Management, Springer, vol. 19(2), pages 641-682, June.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sptchp:978-81-322-1970-5_10. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.