Six Sigma Applied in Inventory Management
Inventory management is a kind of method used by manufacturing or service sector to manage and control various articles and other resources in the whole process of production and operation. This paper, aiming at the contradiction, brings forward the thought of combining Six Sigma Concept with inventory management. Using Six Sigma Tools, the root source of inventory overstock will be revealed and according process can be improved, thus to achieve the goal of inventory optimizing and customer satisfactory elevating. An actual example is demonstrated in the paper to verify the validity of the combination between inventory management and Six Sigma.
Elwin Mao and Linli Xu
B. Hu and Y. Tian, "Six Sigma Applied in Inventory Management", Advanced Engineering Forum, Vol. 1, pp. 355-359, 2011