PS-019 Theme: Maintenance, Spares & Inventory Management

Digital FIFO and Ageing Control for Rough Castings

Problem Overview

FIFO is not consistently followed for rough castings, creating the possibility of older stock remaining unused while newer castings are consumed first. This reduces inventory visibility and may contribute to excess ageing, identification difficulty and material-flow inefficiency. The challenge is to develop a digital FIFO control system that identifies casting batches, tracks receipt and issue sequence, highlights ageing stock and prevents or warns against out-of-sequence consumption.

Industrial Context & Background

Inventory Management / Traceability / Digital Manufacturing

Technical Requirements

1) Batch/lot identification
2) Receipt date/time capture
3) FIFO logic and ageing alerts
4) QR/barcode/RFID or suitable identification
5) Exception authorization with reason
6) Dashboard for stock and ageing

Suggested Technology Stack: QR/Barcode/RFID; Web/Mobile Application; Database; Inventory Analytics

Expected Solution & Prototype

1) FIFO compliance percentage automatically calculated
2) Ageing days by casting batch visible
3) Out-of-sequence issue events automatically identified
4) Oldest eligible batch clearly indicated to user
5) Inventory retrieval/verification time compared with current process
6) Complete batch receipt-to-consumption traceability

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Reference Materials
Round 1 Idea Template