Inventory Optimization in the Plastics Industry: A Holt-Winters Success Story

被引:0
|
作者
Mira-Segura, Laura [1 ,2 ]
Martinez-Cruz, Miguel [3 ]
Trejo-Martinez, Alfredo [1 ]
Kryvko, Adriy [3 ]
Dorantes-Benavidez, Humberto [1 ]
机构
[1] TecNM Tecnol Estudios Super Oriente Estado Mexico, Ciudad De Mexico, Mexico
[2] IPN ESIME ZAC, Ingn Sistemas, Mexico City, Mexico
[3] IPN ESIME ZAC, Mexico City, Mexico
来源
AMAZONIA INVESTIGA | 2024年 / 13卷 / 77期
关键词
classification; customers; holt-winters; inventories; production;
D O I
10.34069/AI/2024.77.05.3
中图分类号
C [社会科学总论];
学科分类号
03 ; 0303 ;
摘要
The inventory of finished product in companies is a determining factor in good financial practices, contributes to a decrease in costs and guarantees deliveries with customers, in this work, the ABC and Holt Winters technique was applied based on forecasts in a company in the eastern region of the state of Mexico that manufactures plastic items (kitchen utensils). with the aim of optimizing your inventory system. This company has more than 100 items in its production catalog, which sometimes inventory control is costly and problematic, since they do not schedule manufacturing periodically and systematically, generating a bad image with the customer at the time of delivery. In this context, the ABC inventory classification is widely used to automatically organize items into representative groups according to their contribution to sales. According to the data recorded in situ, the bestselling products were identified and as an additional contribution to the investigation, the Safety Inventory (SS) is obtained, which guarantees the fulfillment of customer orders in a timely manner. (SS) lo que garantiza el cumplimiento de los pedidos de los clientes de forma puntual.
引用
收藏
页码:42 / 52
页数:11
相关论文
共 35 条
  • [1] PREDICTION INTERVALS FOR MULTIPLICATIVE HOLT-WINTERS
    CHATFIELD, C
    YAR, M
    INTERNATIONAL JOURNAL OF FORECASTING, 1991, 7 (01) : 31 - 37
  • [2] Inventory Optimization Model Applying the Holt-Winters Method to Improve Stock Levels in SMEs in the Sports Retail Sector
    Amasifen-Pacheco, Diego
    Garay-Osorio, Angela
    Perez-Paredes, Maribel
    Raymundo-Ibanez, Carlos
    Rivera, Luis
    INTELLIGENT HUMAN SYSTEMS INTEGRATION 2020, 2020, 1131 : 711 - 718
  • [3] PREDICTION INTERVALS FOR THE HOLT-WINTERS FORECASTING PROCEDURE
    YAR, M
    CHATFIELD, C
    INTERNATIONAL JOURNAL OF FORECASTING, 1990, 6 (01) : 127 - 137
  • [4] How should additive Holt-Winters estimates be corrected?
    Lawton, R
    INTERNATIONAL JOURNAL OF FORECASTING, 1998, 14 (03) : 393 - 403
  • [5] Holt-Winters Statistical Forecasting and ACO Metaheuristic for Traffic Characterization
    de Assis, Marcos V. O.
    Carvalho, Luiz F.
    Rodrigues, Joel J. P. C.
    Proenca, Mario Lemes, Jr.
    2013 IEEE INTERNATIONAL CONFERENCE ON COMMUNICATIONS (ICC), 2013,
  • [6] Initialization Methods for Multiple Seasonal Holt-Winters Forecasting Models
    Trull, Oscar
    Carlos Garcia-Diaz, Juan
    Troncoso, Alicia
    MATHEMATICS, 2020, 8 (02)
  • [7] Holt-Winters model with grey generating operator and its application
    Liu, Lianyi
    Wu, Lifeng
    COMMUNICATIONS IN STATISTICS-THEORY AND METHODS, 2022, 51 (11) : 3542 - 3555
  • [8] Prediction of volatility and seasonality vegetation by using the GARCH and Holt-Winters models
    Kumar, Vibhanshu
    Bharti, Birendra
    Singh, Harendra Prasad
    Singh, Ajai
    Topno, Amit Raj
    ENVIRONMENTAL MONITORING AND ASSESSMENT, 2024, 196 (03)
  • [9] Prediction of BRIC Stock Price Using ARIMA, SutteARIMA, and Holt-Winters
    Ahmar, Ansari Saleh
    Singh, Pawan Kumar
    Nguyen Van Thanh
    Nguyen Viet Tinh
    Vo Minh Hieu
    CMC-COMPUTERS MATERIALS & CONTINUA, 2022, 70 (01): : 523 - 534
  • [10] Prediction of volatility and seasonality vegetation by using the GARCH and Holt-Winters models
    Vibhanshu Kumar
    Birendra Bharti
    Harendra Prasad Singh
    Ajai Singh
    Amit Raj Topno
    Environmental Monitoring and Assessment, 2024, 196