7th European Industrial Engineering and Operations Management Conference

Application of Lean Six Sigma in Inventory Optimization at a Water and Electricity Company

Mohamed Allam, Afnan Al Hemeiri, Roda Al Marzooqi, Maryam Al Ameri & Saed Amer
Publisher: IEOM Society International
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Abstract

This paper outlines the application of Lean Six Sigma principles in enhancing inventory management at a water and electricity distribution company. Employing the DMAIC (Define, Measure, Analyse, Improve, Control) methodology, the project targeted critical inefficiencies in the inventory systems, particularly focusing on electrical and mechanical equipment. Key achievements included a significant reduction in lead times from 13.08 days to 3.08 days, considerable cost savings, and enhanced operational efficiency. The integration of tools like Value Stream Mapping, Refurbishment operations, and advanced forecasting models facilitated these improvements, demonstrating the effectiveness of Lean Six Sigma in optimizing complex inventory systems.

Published in: 7th European Industrial Engineering and Operations Management Conference, Augsburg (Greater Munich), Germany

Publisher: IEOM Society International
Date of Conference: July 16-18, 2024

ISBN: 979-8-3507-1737-2
ISSN/E-ISSN: 2169-8767