Inventory Management System for the Global Formula Racing Team Public Deposited

http://ir.library.oregonstate.edu/concern/undergraduate_thesis_or_projects/05741t78n

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  • The Global Formula Racing (GFR) team is an organization of student designers at Oregon State University (OSU) and at Duale Hochschule Baden-Württemberg (DHBW) in Germany working to create two race cars to compete in international competitions through the Society of Automotive Engineers (SAE). The large scope of this project necessitates the formation of organized management systems. This project sought to create an effective inventory management system for the GFR team. A database of the fasteners used by the team was created and includes information such as annual demand, inventory value, and lead times. This information was used, along with the appropriate formulas, to calculate the economic order quantity (EOQ), the total material cost (TMC) and the order point (OP) for each part. A comparison of two major vendors was also included, and the vendor with lowest TMC was recommended. Face to face communication methods to convey this new idea were recommended. Lean manufacturing techniques to help implement this new system were researched including 5S tools and a pokayoke. Student designers will now know exactly when to economically order a part, how many to order, and who to order from. This will save money, as well as increase productivity and professionalism.
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  • description.provenance : Approved for entry into archive by Digital Production(digitalproduc@gmail.com) on 2012-06-28T20:09:43Z (GMT) No. of bitstreams: 1 KimberlyDaeschelThesis.pdf: 1334900 bytes, checksum: b6d5c6c5e3621c66c67b03b254ea4636 (MD5)
  • description.provenance : Submitted by Emily Dray (emily.dray@oregonstate.edu) on 2012-06-11T18:33:28Z No. of bitstreams: 1 KimberlyDaeschelThesis.pdf: 1334900 bytes, checksum: b6d5c6c5e3621c66c67b03b254ea4636 (MD5)
  • description.provenance : Made available in DSpace on 2012-06-28T20:09:43Z (GMT). No. of bitstreams: 1 KimberlyDaeschelThesis.pdf: 1334900 bytes, checksum: b6d5c6c5e3621c66c67b03b254ea4636 (MD5) Previous issue date: 2012-06-04

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