INVENTORY CONTROL USING ABC AND HML ANALYSIS – A CASE STUDY ON A MANUFACTURING INDUSTRY | Zendy

Shibamay Mitra | Zendy; Sujit Kumar Pattanayak | Zendy; PAPIYA BHOWMIK | Zendy

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INVENTORY CONTROL USING ABC AND HML ANALYSIS – A CASE STUDY ON A MANUFACTURING INDUSTRY

Author(s) -

Shibamay Mitra,

Sujit Kumar Pattanayak,

PAPIYA BHOWMIK

Publication year - 2014

Publication title -

international journal of mechanical and industrial engineering

Language(s) - English

Resource type - Journals

ISSN - 2231-6477

DOI - 10.47893/ijmie.2014.1172

Subject(s) - inventory control , supply chain , control (management) , business , order (exchange) , inventory theory , investment (military) , inventory investment , operations management , economic order quantity , perpetual inventory , inventory analysis , inventory turnover , cycle count , manufacturing , computer science , operations research , manufacturing engineering , marketing , engineering , economics , production (economics) , finance , microeconomics , life cycle assessment , artificial intelligence , politics , political science , law , stock exchange , econometrics

Inherent uncertainties in demands and supply make it difficult for supply chains to achieve optimum inventory replenishment, resulting in loss of sales or keeping excessive inventories. An unkempt inventory can take up to one-third of an organization's annual investment. Therefore, in order to compete with invariably erratic demands, it is not only challenging to develop an intelligent system to maintain and control an optimum level of inventory but has also become mandatory. Here we have tried to study the inventory control system of an EMU coach manufacturing industry using ABC and HML analysis method.

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