UGC Approved Journal no 63975(19)

ISSN: 2349-5162 | ESTD Year : 2014
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Published in:

Volume 7 Issue 8
August-2020
eISSN: 2349-5162

UGC and ISSN approved 7.95 impact factor UGC Approved Journal no 63975

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Published Paper ID:
JETIR2008288


Registration ID:
300211

Page Number

2168-2172

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Title

INVENTORY MANAGEMENT OF METAL SHEETS IN SHEET METAL INDUSTRY

Abstract

Inventory management plays an important and strategic role in today’s competitive and uncertain environment. Inventories of material are kept by companies in order to full-fill customer’s demand on time. Large amount of holding cost is associated with the inventory of materials. Effective management of inventory helps company to reduce unwanted inventories and keep the overall cost of inventory at optimum level. This study found certain problems related to inventory such as capital locked up due to accumulation of dead inventories, no arrangements of safety stocks, unvarying control policies for all the inventory items and high inventory cost. This paper conduct ABC analysis, combined XYZ-FSN analysis and calculates Economic Order Quantity and safety stock for managing metal sheets of different thickness in company X.

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"INVENTORY MANAGEMENT OF METAL SHEETS IN SHEET METAL INDUSTRY", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.7, Issue 8, page no.2168-2172, August-2020, Available :http://www.jetir.org/papers/JETIR2008288.pdf

ISSN


2349-5162 | Impact Factor 7.95 Calculate by Google Scholar

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 7.95 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Cite This Article

"INVENTORY MANAGEMENT OF METAL SHEETS IN SHEET METAL INDUSTRY", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.7, Issue 8, page no. pp2168-2172, August-2020, Available at : http://www.jetir.org/papers/JETIR2008288.pdf

Publication Details

Published Paper ID: JETIR2008288
Registration ID: 300211
Published In: Volume 7 | Issue 8 | Year August-2020
DOI (Digital Object Identifier):
Page No: 2168-2172
Country: Indore, M.P, India .
Area: Engineering
ISSN Number: 2349-5162
Publisher: IJ Publication


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