Ship Inventory Management Report

7/23/2019 Ship Inventory Management Report

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This Report is just an

overview of how an InventoryManagement system will play

crucial role in the Level of

control of our Material

Procurement cost.

Current Scenario:

Scenario afterimplementation of Inventory

Management System:

Level of Control: LOWLevel of Control: Medium-High

Level of Planning: LOW

Level of Planning: High


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Ship Inventory ManagementSystem

This graphical representation explains

about the overall !stem "ith central

database# $arious sub-heads% "ithin

"hich an &nventor! manager should"or'# There are ( points "hich are

highlighted in it:

Maintain )ul' &nventor! *e-order

Point and alert users "hen re+uired:This "ill be onl! possible if "e

properl! plan and maintain

database of the inventories# There

should be automatic generation of

alert as and "hen inventor! fall

belo" the set level

&nventor! Categori,ation roup: .

Team of Technical should divide the

inventor! into various categories

and feed it in the s!stem# .

complete list of items should be

available in the s!stem to choose

from#


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Spares: !" In#ents$%ear


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Stores: & In#ents$%earPaints: '

In#ents$%ear

Total: ('In#ents$%ear$)essel *

Critical$+rgent Spares In#ents

,-egligile/

Lues: ' In#ents$%ear

Chemicals: ' In#ents$%ear

0ases: ' In#ents$%ear


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Inventory Management is the

source of Material Procurement

cost. 123 of the Procurement

cost can e re#uce# y 45ective

Inventory Management System.

Current Scenario: (226'22

in#ents are raise# per vessel peryear. It is almost every #ay an

in#ent is raise#. It is very

important for the Master$Chief

4ngineer to un#erstan# the cost

of raising in#ents. If we oserve

Logistics cost of raising in#ent7 it

is 8!222268!9222 per in#ent.

-umer of in#ents is very much

correlate# to Logistics cost. fter

performing a regression analysis7

the result showe# Correlation of

2.;,


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=igit7 Logistics Cost will also

re#uce.

? => ?4 R4=+C4 T I-=4-TSA

Inventory CategoriBation:

CategoriBing the Inventories into

su classes within the system

1) Spares2) Stores

a) Engine Storesb) Deck Storesc) Galley Stores

3) Paints4) Lubes

5) Cheicals!) Gases") #rgent$Critical Spares

%ee&ing 'nto (he syste


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List o* all the ites o* particular

type o* +essel shoul& be *e& in

the syste ,ith their Serial

-uber. Set /iniu nuber

o* all the ites to be

aintaine& by the ship at all

ties. Set Liitations to

-uber o* particular ites tobe hel& by a ship in the syste

Spares E+ery /onth 'tes ,ill

be re+ie,e& an& or&ere&

Stores E+ery 2 /onths 'tes

,ill be re+ie,e& an& or&ere&

Paints$Lubes$Cheicals$Gases

E+ery 0uarterly 'tes ,ill bere+ie,e& an& or&ere&

#rgent$Critical Spares s an&

,hen euire&


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(he Syste shoul& be able to

autoatically generate the e

or&er point as an& ,hen 'tes

are reuire&. t en& o* each

perio& accor&ing to the ite

type)6 an 'n&ent ,ill be create&

con7ring it ,ith the

/aster$Chie* Engineer.

'* ,e achie+e all o* the abo+e

,e ,oul& be generating aroun&34 'n&ents$8ear$9essel

E:clu&ing #rgent$Critical

Spares. (here shoul& be no

urgent reuireents *or stores

an& other ites e:cept *or

critical spares.

s ,e can see in abo+e (ables


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e&ucing 'n&ents to 5;6 our

Logistics cost re&uces aroun&


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(. n IT system which has

full transparency to all the

stae6hol#ers for procuring

the material'. n IT system which

contains all the #etails of all

the items ,spares7 stores7

paints etc./ of all the ships toe maintaine# y the ships

9. More Integration an# Co6

or#ination etween MPC7

Technical D >perations while

procuring the materials&. @efore6han# sche#ule of

all the ships to e nown to

all the stae6hol#ers ,s much

as a chartering #ept. nows/


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Ship Inventory Management Report

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