| Title |
Investigation of material and inventory management in manufacturing enterprise / |
| Translation of Title |
Medžiagų ir atsargų valdymo gamybinėje įmonėje tyrimas. |
| Authors |
Ramalingam, Hisshore Balaji |
| Full Text |
|
| Pages |
68 |
| Keywords [eng] |
inventory ; materials ; management ; economic order quantity ; ABC analysis |
| Abstract [eng] |
Inventory management is the stream management of materials into an organization to the degree where those materials are changed over into the organization’s final product. This research goes for distinguishing the material and inventory management in Indian manufacturing enterprise AVR Manufacturers. Analysis of inventory control peculiarities in manufacturing companies disclosed the key principles to successful management of inventory: maintaining a safety of stock, maintaining the required level of inventory and proper recording of the material. For research of inventory management in the sheet metal company seeking to know the situation and reveal the problems in inventory department, the questionnaire was developed. The analysis of given answers revealed main problems: poor communication and poor execution of inventory management system. Main reason bringing about the abundance in inventory inside the company is no proper forecasting of the demand. For deeper investigation of inventory management peculiarities, the stock administration analysis was done, stock turnover parameters were calculated. For inventory management improvement in the company, the EOQ (Economic Order Quantity) and ABC analysis techniques was suggested. EOQ will ensure the optimal level of inventory and therefore will help to improve the forecasting of material demand. Application of ABC analysis will help in ensuring that the items given more priority are always in stock. |
| Dissertation Institution |
Kauno technologijos universitetas. |
| Type |
Master thesis |
| Language |
English |
| Publication date |
2016 |
