- Tytuł:
- The implementation of economic order quantity for reducing inventory cost
- Autorzy:
-
Riza, M.
Purba, H. H.
Mukhlisin, - - Powiązania:
- https://bibliotekanauki.pl/articles/1833813.pdf
- Data publikacji:
- 2018
- Wydawca:
- Politechnika Poznańska. Wydawnictwo Politechniki Poznańskiej
- Tematy:
-
inventory management
economic order quantity
inventory turnover ratio words - Opis:
- Inventory management is focused with ensuring that all activities involved in labor storage and stock control are carried out efficiently and economically by those working in inventory storage. Then, there is a question for management regarding the efficiency of inventory management procedures because of inconsistencies in inventory levels that cause weaknesses such as losses incurred due to end-inventory stocks, low stock inventories, failure to meet targets and poor corporate morale. As a result, the inventory storage of the company is too busy making the job a difficult supply keeper, late in issuing materials to the department and in turn producing poor inventory service delivery. In inventory management, Economic Order Quantity (EOQ) is the number of orders that minimize total holding costs and booking costs. The EOQ model is one of the oldest classic production scheduling models. The EOQ mathematical models have been established within the scope of operations management to determine the optimal inventory level. The most widely used model is the EOQ model.
- Źródło:
-
Research in Logistics & Production; 2018, 8, 3; 207-216
2083-4942
2083-4950 - Pojawia się w:
- Research in Logistics & Production
- Dostawca treści:
- Biblioteka Nauki
Artykuł