A system study on Mind Alliance Ventures Inc.

Date of Publication

12-2019

Document Type

Bachelor's Thesis

Degree Name

Bachelor of Science in Industrial Engineering

Subject Categories

Operations Research, Systems Engineering and Industrial Engineering

College

Gokongwei College of Engineering

Department/Unit

Industrial and Systems Engineering

Thesis Adviser

Jazmin Tangsoc

Defense Panel Chair

Ronaldo Polancos

Defense Panel Member

Phoebe Ching

Abstract/Summary

This study focused on the company, Mind Alliance Ventures Inc, which is a company dedicated to distributing electronic gadgets to consumers. The study was conducted in their main office and warehouse in Binondo, with a study period of January 2018 to December 2018, a total of 12 months. The company was first evaluated through the use of a SWOT analysis and a WOT-SUG analysis to determine which is the most prominent problem. Through this, it was found that the inventory and logistics department only dispatched 657,119 (75%) of allocated units on schedule which is 25% less than the minimum required number of units to be received on schedule of 877,596 ( 100%) allocated units by branch stores. The problem was further studied by utilizing a why-why diagram in order to determine the root causes of the problem. There were one (l) final root causes identified and validated. Given these root causes, there were three (3) alternative solutions presented, namely, task reassignment, simultaneous batching, and a mixed of task reassignment and simultaneous batching. Moreover, these alternative solutions were simulated through Arena software and compared their results on which among them would be the best fit for the problem. With this, the chosen alternative was alternative three which is mixing task reassignment and simultaneous batching. Given this, risk analysis was performed on the proposed system solution in order to evaluate the risks that may occur upon implementation. Furthermore, cost benefit analysis was performed in order to validate whether the proposed system will benefit the system monetarily. It was determined that the proposed system solution must be implemented because it presented an annual worth of PHP 16,556,641.58 within a 3-year time period. An implementation plan was then made to establish a schedule for the execution of the proposed system changes. In conclusion, simultaneous batching and task reassignment must be implemented in order to solve the problem of not being able to dispatch the required units requested by the branches and eliminating overtime costs for the next three years of operations.

Abstract Format

html

Language

English

Format

Print

Accession Number

TU23289

Shelf Location

Archives, The Learning Commons, 12F, Henry Sy Sr. Hall

Keywords

Warehouses—Management; Physical distribution of goods; Root cause analysis

Embargo Period

2-16-2023

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