Obsolete and Slow-Mover Inventory Handling at Henkel Magyarország Kft

Südi Réka Virág (2022) Obsolete and Slow-Mover Inventory Handling at Henkel Magyarország Kft. Külkereskedelmi Kar.

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Absztrakt (kivonat)

In the past decades many companies’ main focus was on cutting costs any way they could. That included decreasing inventory levels. This initiative was established as early as the 1970s when the car manufacturer Toyota adopted the so called “Just in Time” system. The concept’s core principle is decreasing waste by receiving components, materials only as they are needed for the production process, which will reduce inventory costs. As a result, many companies adopted this concept and focused on minimising their inventories. However, while decreasing their costs they were simultaneously putting themselves at risk of shortages. In the past few years, our world experienced a global pandemic that had unfathomable effects on the world economy, supply chains and also people’s wellbeing in general. This pandemic put a stop to almost every economic activity, putting corporations in really difficult situations. As time passed by demand started to catch up to its pre-pandemic level and multinational companies were yet again faced with difficulties. Now they were not able to provide their customers with goods. The economic situation brought about by the pandemic really emphasized how important it is to have a flexible and resilient supply chain and many supply chain executives agreed that this is in fact what companies must focus on. In 2020 most companies planned to improve supply chain resilience by increasing inventories of critical products and diversifying their supply bases and at the same time localising and regionalising their supply and production networks. However, reality turned out to be rather different. It became apparent, that companies are keener on increasing their inventories than either diversifying supply bases or implementing regionalising strategies. Over the past years, supply chain leaders were forced by the challenges of the pandemic to take definitive actions. They adapted to new ways of working, boosted their inventories, and ramped up their digital and risk management capabilities. Major multinational companies’ rising tendency to increase their inventories clearly shows how important inventory management is. These companies are on very thin ice between adapting a successful inventory management process by increasing stock levels and causing detrimental financial loss to their corporations in case their decision to build up stock does not pan out the way they planned. The key to their success is inventory management. In my research I focused on the topic of handling obsolete and slow-mover inventories. My main aim was to introduce the practice of a well-known, globally present multinational corporation, Henkel. My research objective was to analyse and determine whether the approach to inventory management applied at Henkel is effective or not. As part of my secondary data analysis, I gathered the most relevant information from previously written and published research and textbooks. I explored the available literature on Inventory management, Warehousing, and the management of obsolete and slow-mover inventory. Furthermore, I also touched upon the subject of risk management principles which are relevant to the topic of inventories. In the next step of my analysis, I observed the inventory management processes at Henkel and with the use of internal corporate data I narrowed down my research to the analysis of two materials. Through the analysis of the data gathered and the examination of the portfolio in question, I managed to conclude and found the areas where Henkel’s obsolete and slow-mover inventory management process would benefit from improvements.

Intézmény

Budapesti Gazdasági Egyetem

Kar

Külkereskedelmi Kar

Tanszék

Nemzetközi Kereskedelem és Logisztika Tanszék

Tudományterület/tudományág

NEM RÉSZLETEZETT

Szak

Nemzetközi gazdálkodás

Konzulens(ek)

Mű típusa:	diplomadolgozat (NEM RÉSZLETEZETT)
Kulcsszavak:	ellátási lánc - ellátó hálózat, készlet(ek), készletelemzés, kockázatelemzés, logisztika
SWORD Depositor:	Archive User
Felhasználói azonosító szám (ID):	Archive User
Rekord készítés dátuma:	2022. Okt. 11. 09:47
Utolsó módosítás:	2022. Okt. 11. 09:47

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