The Research On Optimizing Spare Parts Inventory Management Of Company M

M company’s products are widely used in warehousing,logistics,retail and other industries due to rapid development of internet of Things(IOT).With the further expansion of marketing demand,more and more competitors join,resulting in more and more fierce competition.The competition of M company can’t only rely on product function&quality,the customer’s satisfaction is also a major factor in the competition.In order to provide high-quality service to customers,it is necessary to ensure that the after-sales spare parts can be obtained quickly and accurately.However,the number of spare parts is large,the variety is diverse,the product update is fast.On the premise of satisfying customers,how to effectively control the spare parts inventory and enhance the competitiveness in market had become an important issue to M company at present.Based on that,the paper states the background,purpose and meaning firstly,meantime,compares the research results between domestic and abroad.From theoretical part,it shows the connotation of inventory management,the method of demand forecasting,spare part classification,basic contents of safety stock and VMI.Through the understanding of theoretical knowledge,making use of personnel interviews and questionnaires method to understand the reasons for the continuous increase of spare parts inventory,the method of demand forecasting is not scientific.the spare parts classification is not perfect,people are lack of the knowledge of supplementary.After analyzing the current status of spare parts inventory management,the paper focuses on demand forecasting,spare parts classification and ordering models.The implementation of those optimization measures effectively reduced the turnover days in M company’s distribution,reduced the total amount of inventory,shortened supplier delivery,and improved M company’s customer satisfaction.The research result of the paper can be used as reference for the relevant personnel in similar enterprises to improve the after-sale spare parts inventory management ability and service level.