How to improve inventory management within "Oxfam Magasins du Monde" organization?

  • Bertrand Golard

Student thesis: Master typesMaster in Business Engineering Professional focus in Analytics & Digital Business

Abstract

This study aims to create a better inventory management in 30 Oxfam shops by basing on the Inventory Management Basics Model: Periodic Review Policy. This model allowed to build and price stocks for these 30 stores according to a rule made by the organization on the replenishment lead time which represents the initial situation. Therefore, by starting from the same model and by breaking this rule, stocks have been re-built and re-priced in the perspective to improve the initial situation. The transition from the initial to the improved situation provides significant achievements. Indeed, the decrease on the replenishment lead time allowed to achieve lower safety stock and to reduce holding costs. The realized analysis highlights the key role of the duration of the lead time replenishment on the inventory management. This demonstrates the perpetual challenge in the supply chain which is always trying to push forward and which states that carrying out even more in-depth analysis may lead to better improvements.
Date of Award27 Aug 2019
Original languageEnglish
Awarding Institution
  • University of Namur
SupervisorAadhaar Chaturvedi (Supervisor)

Keywords

  • inventory management basic
  • safety stock
  • cycle stock
  • lead time replenishment
  • periodic review policy
  • continuous review policy
  • order up to level
  • holding cost
  • review period
  • lead time

Cite this

How to improve inventory management within "Oxfam Magasins du Monde" organization?
Golard, B. (Author). 27 Aug 2019

Student thesis: Master typesMaster in Business Engineering Professional focus in Analytics & Digital Business