Basic inventory management techniques for the Republic of China

Abstract

Lacking further development of mathematical inventory models and well utilized automated records, the Republic of China (ROC) Naval supply system cannot operate efficiently and effectively. The constraints of budget, foreign exchange and unpredictable procurement lead times have resulted in an inventory level higher than optimal. However, the inventory management process and overall supply support performance could be improved using theoretical and practical approaches. The three objectives of this thesis are : to analyze the ROC Navy's inventory models; suggest possible improvements; and recommend appropriate changes. The desired benefits would be to improve the existing inventory management system, and relieve inventory control problems in the ROC Navy.