| dc.description.abstract | Warehouse is an essential component of the supply chain, mostly related to the steps
from the receipt of raw materials, the production in the system to the completion of the
product. Warehouses should be designed and operated according to a system with
special requirements, requiring operational facilities, personnel, and equipment.
Warehouse is often an expensive factor in the supply chain and thus effective warehouse
management is the decisive item in terms of both price and customer service. The most
important goal of the warehouse is to facilitate the flow of goods throughout the supply
chain to satisfy the end customer. There are several techniques to reduce inventory, like
just-in-time, Efficient consumer response, etc. This thesis focuses on investigating and
evaluating the problem in the warehouse of Minh & More furniture company to provide
optimal solutions to overcome negative consequences. By simulating the inventory
system model, this article will specifically analyze the inventory costs of the company's
three best-selling furniture products. Moreover, the article will conduct the simulation
method using Arena software in parallel and the method of calculating actual data with
the help of Excel. These two methods are then compared with each other by inventory
cost and service level to find the optimal plan. Besides, by analyzing the re-order point
effect and re-order quantity effect, the output results are required to match the actual
results to be able to evaluate the model accurately. | en_US |
