Implementation Of Smart Inventory Management System For Efficiency Enhancement : A Case Study Of SmartBin In Cohu, Inc Semiconductor Equipment Group, Malaysia

Mohammad Shokri, Mohammad Amirul Syafeeq (2014) Implementation Of Smart Inventory Management System For Efficiency Enhancement : A Case Study Of SmartBin In Cohu, Inc Semiconductor Equipment Group, Malaysia. Project Report. UTeM, Melaka, Malaysia. (Submitted)

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Abstract

The implementation of smart inventory management system is one of the criteria that have to be emphasized by the industry and private sector particularly a developing country such as Malaysia. According to Heizer and Render (2011), inventory is one of the most expensive assets of many companies, representing as much as 50% of total invested capital. Without a good inventory management, a low cost of inventory cannot be achieved due to the lack of strategy by a company. Other than that, the issues of increasing the waste from the industry make one of the company names Bossard Group came up with the idea of SmartBin. The Bossard SmartBin is the automatic logistic system for components and was first introduced in 1998. In Malaysia, one of the companies that had implemented SmartBin is Cohu, Inc. Semiconductor Equipment Group. In this case study, Cohu, Inc. Semiconductor Equipment Group (SEG) was selected to identify the factors which encourages the use of SmartBin, to investigate how this company strategize the SmartBin usage in order for efficiency enhancement in inventory management and to suggest the innovative solutions in order to enhance the efficiency of inventory management. The research is focus on the smart inventory management using the SmartBin at Cohu, Inc. An interview was conducted by the researcher to collect respondent‟s answers, and the data collected was analyzed by using mixed method. As a conclusion, Cohu, Inc has already performed the usage of SmartBin in their companies, and it gives a good impact for their inventory management in order to reduce the wastes.

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