Sunderesh Heragu, Trivikram H Rao, Gerald W Evans
University of Louisville
This project constructs a model which chooses the best alternative to reduce/handle product complexity so as to optimize supply chain parameters such as quality, inventory levels and transportation costs.
The project concerns establishing and quantifying the costs and benefits of product variety on a subset of important key performance indicators involving inventory levels and turns, quality, and product availability. While focusing on the discrete manufacturing segment, the project will cut across multiple industries such as electronics, automotive, consumer durables and industrial products. The project will involve numerous companies as part of this authoritative study that will help quantify the costs and benefits of product variety on a company’s supply chain.