1. INVENTORY MANAGEMENT IN SPARE PARTS SUPPLY CHAIN
TERM PAPER PROPOSAL
INVENTORY MANAGEMENT IN SPARE PARTS SUPPLY CHAIN
DANG QUANG VINH

2. Introduction
The requirements for planning the supply chain of spare parts are quite different from other material:
Low random demand, high part cost
Service requirements are higher because stockouts may be financially remarkable
Demand may be extremely irregular, difficult to forecast
With such requirements, spare parts management is an important area of inventory research

3. Term Paper Limitation
Considering multi-echelon spare parts supply chain
Focusing on the relationship between the supply chain, demand and inventory management

4. Possible methodology The paper might consist of:
Analyse the supply chain and demand in spare parts area
Design and offer a solution to forecast
Apply a specific inventory policy to spare parts case
Compare the expected efficiency with other inventory policies by using simulation

5. Results Contribute to knowledge in spare parts supply chain
Suggest forecasting solution
Adapt a inventory policy to spare parts inventory