A multinational corporation's inventory management policy adjusted to the current economic situation

Gál Dániel (2022) A multinational corporation's inventory management policy adjusted to the current economic situation. Külkereskedelmi Kar.

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Absztrakt (kivonat)

Over the recent years, companies were affected by external effects due to the consequences of Covid-19 outbreak and raw material shortages. These include delays in delivery due to transportation restrictions, and the temporary closure of manufacturing plants which caused delays and shortages in deliveries. Automotive suppliers also had to face with fluctuating demands from final customer side, therefore efficient production and raw material supply planning became the key to maintain the operations of the organization continuous. Due to these concerns, companies were forced to adjust their inventory management policies, to find the best way to maximize their productivity and sales volumes. Continental AG implemented new concepts and methods into its inventory management policy. The research paper aims to introduce and evaluate the current inventory management policy of the company. The hypothesis of the research paper is that Continental implemented new concepts into its inventory management policy to meet customer demand, but the new strategy led to augmented inventory volumes and higher logistics related costs. Continental Automotive Hungary aimed to increase the finished goods output and critical raw material levels by implementing new concepts into its inventory management policy. The introduced methods prioritize the customer demand and output volumes. To provide the sufficient raw material supplies Continental acquired higher inventory volumes than required based on the production plans. The output and the sales volumes could have been increased compared to the previous year, but material shortages are still not solved by the organization mainly due to the limited raw material supply availability. The new procurement approach led to excessive inventory levels, increased logistics related costs and long-term negative effects both on the organization’s total inventory value budget and turn rate.

Intézmény

Budapesti Gazdasági Egyetem

Kar

Külkereskedelmi Kar

Tanszék

Nemzetközi Kereskedelem és Logisztika Tanszék

Tudományterület/tudományág

NEM RÉSZLETEZETT

Szak

Nemzetközi gazdálkodás

Mű típusa:	diplomadolgozat (NEM RÉSZLETEZETT)
Kulcsszavak:	automotive industry, Continental, Inventory management, koronavírus-járvány (COVID-19), material shortage
SWORD Depositor:	Archive User
Felhasználói azonosító szám (ID):	Archive User
Rekord készítés dátuma:	2022. Okt. 11. 09:50
Utolsó módosítás:	2022. Okt. 11. 09:50

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