Optimal Strategy Of Cover Glass Inventory Replenishment For DM Company

Since 2020,under the influence of the COVID-19,the manufacturing industry has faced enormous challenges,including the lack of human resources,insufficient supply of raw materials,dramatic changes in market demand under the influence of the epidemic,changes in the international political and trade environment,etc.These factors have led to the continuous improvement of the requirements of enterprises for supply chain management.In supply chain management,the status of inventory management is increasingly rising,and inventory replenishment,as one of the important means of inventory management,is also increasingly valued by enterprises.Inventory replenishment is crucial to ensuring that enterprises minimize inventory in stock,maintain an economically optimal inventory level,and ensure high capital liquidity.DM Incorporated entered the cover glass processing industry in 2016,and the glass cover plate is the raw material with the largest storage cost and highest inventory in this industry.This paper studies the optimization of the cover glass inventory replenishment strategy of DM Company.Firstly,based on the market demand of the cover glass processing industry,analyze the current situation of the cover glass inventory replenishment of DM Company,and identify the problems in the cover glass inventory replenishment,such as unreasonable inventory structure,single inventory replenishment strategy,coexistence of high inventory holdings and frequent shortages,and slow inventory turnover.Secondly,use tools such as fishbone diagrams to deeply analyze the above problems and find the root causes of the problems,which are embodied in unscientific inventory classification,inaccurate demand forecasting,fuzzy positioning of inventory replenishment strategies,and inflexible inventory scheduling.Thirdly,based on the relevant theories of inventory management and inventory replenishment and the actual situation of the company,aiming at the root causes of the problem,using the inventory management ABC classification method,order point control strategy,and horizontal replenishment strategy,this paper proposes an inventory replenishment optimization strategy for DM Company’s cover glass from the following aspects: using ABC classification method to scientifically classify materials;Optimize the accuracy of demand planning by means of data comparison and multiple supervision;Adopt differentiated replenishment strategies for different categories of materials;Shorten the review time of replenishment application and material transportation time,and optimize the replenishment lead time;Optimize the minimum replenishment quantity.Finally,in order to ensure the smooth implementation of the proposed inventory replenishment optimization strategy,targeted safeguards are proposed.The research results of this article on the inventory replenishment of DM’s cover glass can help DM Company reduce inventory,reduce financial pressure,shorten order delivery cycles,and improve customer satisfaction,thereby enhancing the competitiveness of enterprises in the cover glass processing industry.At the same time,it can provide certain reference value for other companies in the industry to make inventory replenishment decisions.