Logistical Potentials of Load Balancing via the Build-up and Reduction of Stock
Research output: Contributions to collected editions/works › Chapter › peer-review
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2021 IEEE International Conference on Industrial Engineering and Engineering Management, IEEM 2021: 13 - 16 December 2021. Piscataway: IEEE - Institute of Electrical and Electronics Engineers Inc., 2021. p. 264-269 (2021 IEEE International Conference on Industrial Engineering and Engineering Management, IEEM 2021).
Research output: Contributions to collected editions/works › Chapter › peer-review
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TY - CHAP
T1 - Logistical Potentials of Load Balancing via the Build-up and Reduction of Stock
AU - Heuer, Tammo
AU - Maier, Janine Tatjana
AU - Busse, Tim D.
AU - Schmidt, Matthias
AU - Nyhuis, Peter
N1 - Publisher Copyright: © 2021 IEEE.
PY - 2021
Y1 - 2021
N2 - Fluctuations in demand pose a significant challenge for manufacturing companies. As fluctuations increase, an imbalance between capacity availability and capacity requirements more likely occurs. This can lead to scattering load in production and consequently result in low logistical performance. Capacity synchronisation must be carried out to reconcile load and capacity. On the one hand, available capacity can be adjusted to fit the scattering load using capacity flexibility. However, capacity flexibility is limited. On the other hand, load balancing can be carried out to achieve a lower load variation. This can be done, for example, by building up and reducing stock. During periods of low load, stock orders are generated and higher stocks are built up to keep utilisation high. At times of high demand, stock is reduced by releasing fewer stock orders to ensure a stable operating state of the production system. This balances utilisation in the production system and keeps the work in process and throughput times at the planned level. Therefore, this paper examines the logistical potential that results from load flexibility through finished goods stock.
AB - Fluctuations in demand pose a significant challenge for manufacturing companies. As fluctuations increase, an imbalance between capacity availability and capacity requirements more likely occurs. This can lead to scattering load in production and consequently result in low logistical performance. Capacity synchronisation must be carried out to reconcile load and capacity. On the one hand, available capacity can be adjusted to fit the scattering load using capacity flexibility. However, capacity flexibility is limited. On the other hand, load balancing can be carried out to achieve a lower load variation. This can be done, for example, by building up and reducing stock. During periods of low load, stock orders are generated and higher stocks are built up to keep utilisation high. At times of high demand, stock is reduced by releasing fewer stock orders to ensure a stable operating state of the production system. This balances utilisation in the production system and keeps the work in process and throughput times at the planned level. Therefore, this paper examines the logistical potential that results from load flexibility through finished goods stock.
KW - Engineering
KW - Production systems
KW - Fluctuations
KW - Engineering management
KW - conferences
KW - scattering
KW - industrial engineering
KW - load management
UR - http://www.scopus.com/inward/record.url?scp=85125384689&partnerID=8YFLogxK
UR - https://www.mendeley.com/catalogue/4ab2b86c-a6a7-391c-8b1e-a77d1b85b40d/
U2 - 10.1109/IEEM50564.2021.9673063
DO - 10.1109/IEEM50564.2021.9673063
M3 - Chapter
SN - 978-1-6654-3771-4
T3 - 2021 IEEE International Conference on Industrial Engineering and Engineering Management, IEEM 2021
SP - 264
EP - 269
BT - 2021 IEEE International Conference on Industrial Engineering and Engineering Management, IEEM 2021
PB - IEEE - Institute of Electrical and Electronics Engineers Inc.
CY - Piscataway
T2 - IEEE International Conference on Industrial Engineering and Engineering Management
Y2 - 13 December 2021 through 16 December 2021
ER -