Grant: Applied Research and Development Grants - Level 1
Humber College Institute of Technology & Advanced Learning
$24,954.00
Optimization of Inventory Management System
FY 2019-20
Summary
SMEs are key to strengthening productivity, delivering more inclusive growth and adapting to the major transformations of our time. Digital technologies and global value chains offer new opportunities for SMEs to innovate and grow. However, they are lagging behind in the digital transition and are disproportionately affected by market failures. Access to certain competencies, technology, and innovation is essential to incentivize risk-taking and experimentation by entrepreneurs enabling SME growth. Belyea Bros. current services are concentrated on complex heating and cooling projects targeted primarily at the residential retrofit and maintenance market in Toronto. The organization is a premium niche service provider that focuses on the installation of high-quality components and installation workmanship. Existing practices and inventory management techniques limit service enhancements, reinvestment into business operations, and hinder growth. Through this proposed applied research project with Humber College, Belyea Bros. aims to optimize the inventory system, to transform the operational process based on new technology acquired, and develop an encompassing performance measurement system.
Program
Applied Research and Development Grants - Level 1
Location
Ontario, Canada
Recipient Type
Academia
Type
Grant
Source
NSERC's Awards Data
As published
Application id
548387-2019
Name nom
Grant, Ginger
Department département
Head Office
Organization id
1662
Institution établissement
Humber College Institute of Technology & Advanced Learning
Province en
Ontario
Province fr
Ontario
Country en
CANADA
Country fr
CANADA
Fiscal year exercice financier
2019
Competition year année de concours
2019
Award amount
24954
Program id
CARD1
Program name en
Applied Research and Development Grants - Level 1
Program name fr
Subventions de recherche et développement appliquée - niveau 1
Group en
RESEARCH PARTNERSHIPS
Group fr
PARTENARIATS DE RECHERCHE
Committee code
1561
Committee name en
Applied Research and Development Grants
Committee name fr
Subventions de recherche et développement appliquée
Area of application code
1206
Area of application group en
Advancement of knowledge
Area of application group fr
Avancement des connaissances
Area of application en
Engineering
Area of application fr
Génie
Research subject code
1700
Research subject group en
Design and manufacturing
Research subject group fr
Conception et fabrication
Research subject en
Design and manufacturing
Research subject fr
Conception et fabrication
Installment
inst:1 - 1
Partie
1
Nb partie
1
Application title
Optimization of Inventory Management System
Keyword
NSERC
Application summary
SMEs are key to strengthening productivity, delivering more inclusive growth and adapting to the major transformations of our time. Digital technologies and global value chains offer new opportunities for SMEs to innovate and grow. However, they are lagging behind in the digital transition and are disproportionately affected by market failures. Access to certain competencies, technology, and innovation is essential to incentivize risk-taking and experimentation by entrepreneurs enabling SME growth. Belyea Bros. current services are concentrated on complex heating and cooling projects targeted primarily at the residential retrofit and maintenance market in Toronto. The organization is a premium niche service provider that focuses on the installation of high-quality components and installation workmanship. Existing practices and inventory management techniques limit service enhancements, reinvestment into business operations, and hinder growth. Through this proposed applied research project with Humber College, Belyea Bros. aims to optimize the inventory system, to transform the operational process based on new technology acquired, and develop an encompassing performance measurement system.
