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Vol.8, No.3, August 2019. ISSN: 2217-8309 eISSN: 2217-8333
TEM Journal
TECHNOLOGY, EDUCATION, MANAGEMENT, INFORMATICS Association for Information Communication Technology Education and Science |
Design Supply Cycle for Inventory Management
Marcela Malindzakova, Dominik Zimon
© 2019 Marcela Malindzakova, published by UIKTEN. This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License. (CC BY-NC-ND 4.0)
Citation Information: TEM Journal. Volume 8, Issue 3, Pages 894-899, ISSN 2217-8309, DOI: 10.18421/TEM83-29, August 2019.
Received: 02 May 2019. Revised: 29 July 2019.
Abstract:
In each company within the application of the lean principle for the material flow area, the inventory management is essential. The subject of this paper is to describe the application of differentiated inventory management. Some businesses have a large number of warehouse items, and it is therefore necessary to identify and work with inventory information. In terms of logistics, it is important to take into account the general rule, which is to keep the amount of inventories at minimum, as well as, the principle of minimising any unnecessary waste. The main purpose of the inventory management is to determine which items are important for the company. The aim of the paper is to demonstrate that the implementation of inventory management could contribute to an increase of certain sales aspects of the company. This article applies a case study scenario in order to analyse a logistics company's sales records, from the sale of car components. The final parts the article provides a comparison of the improved situation within company, in terms of monitored sales parameters. The comparison includes parameters such as the number of deliveries, speed of delivery, and the number of distributed quantities before and after the implementation of differentiated inventory management model.
Keywords –Inventory management, stock items, supply process, goods and materials. |
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