Inventory Management Framework to minimize supply and demand mismatch on a manufacturing organization

摘要

There is a problem of excessive inventory in a Manufacturing Company, situated in South Africa. In this study an Inventory Management Framework (IMF) was developed. Quantitative content analysis was used to collect data. Statistical tools were used to select the fiscal year with the vast data variation for data analysis for this study. The results reveal that uncertainties and lot sizing inventory results in excessive inventory and not having a collaborated and integrated Supply chain Management also results in a mismatch of supply and Demand. IMF is proposed in this paper to minimize the impact of the mismatch.