Control of Volvo Construction Equipment's inventory

Abstract

In order to survive and compete in the ever-changing market, manufacturing companies are adapting the lean method trend. Companies can grow by satisfying customers' needs and providing a high-quality product, and they can also use lean optimization techniques to improve efficiency. The current research aims to identify the ideal inventory management strategy, learn how to achieve the ideal inventory size, and investigate the potential factors that influence inventory size in a lean manufacturing environment. In addition, a literature review was conducted to comprehend the current study on this subject. Semi-structured interviews with engineering, line management, and operations were used to collect data. The observation technique was also used to collect empirical data. The inventory methods were used, and the results were satisfactory.