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IJSTR >> Volume 8 - Issue 8, August 2019 Edition



International Journal of Scientific & Technology Research  
International Journal of Scientific & Technology Research

Website: http://www.ijstr.org

ISSN 2277-8616



Study And Analysis Of Finished Good Inventory & Logistic Management

[Full Text]

 

AUTHOR(S)

Ashutosh Kumar, Dr. Nagendra Sohani

 

KEYWORDS

Demand forecasting methods, Inventory management, Safety stock, Queue length.

 

ABSTRACT

Inventory management is a difficult problem area in supply chain management. Companies need to have inventories in warehouses in order to satisfy customer’s demand. These inventories have holding costs and frozen fund that can be lost. Therefore, the task of inventory management is to find the quantities of inventories that will satisfy customer demand and help in avoiding overstocks. This paper presents a study and analysis for the steel bar manufacturing industry (Small Scale Industry) on finished good inventory and logistics management. The research found that company Y had a few inventory problems such as unorganized finish good inventory arrangement, high vehicle in-vehicle out time and no provision for safety stock. The study also proved that how we can reduce the finished good inventory level and reduce the vehicle in- vehicle out time along with the introduction of safety stock. This paper also provides a recommendation to the company and for further research.

 

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