ABC & HML Analysis for Inventory Management– Case Study of Sponge Iron Plant
Journal Title: International Journal for Research in Applied Science and Engineering Technology (IJRASET) - Year 2017, Vol 5, Issue 1
Abstract
An inventory management is most commonly used technique to manage inventory efficiently in company. The company wants to control their inventory cost, so they used to different type’s inventory techniques to control this. There are several techniques such as ABC, HML, VED, XYZ and S-OS. In this study we shall focus on ABC &HML analysis. In ABC analysis the items are categories into A, B, C category based on total cost usage. In HML analysis the items are categories into H, M, L category based on unit cost. Data collection is mainly of 6 month through the general store manager and other staff involved in inventory control operation of steel plant.
Authors and Affiliations
Yogesh Kumar, Subhash Janghel, Jalam Singh Dhiwar, Rupesh Kumar Khaparde
Keywords
Related Articles
- EP ID EP23069
- DOI -
- Views 344
- Downloads 6
Study & Enhancement of Fly spray Bug Tracking Tool
As software projects become increasingly large and complicated, it becomes more difficult to properly verify the code of the project. The major limitation of the software industry is that it is unable to develop error f...
Survey Paper for Result Alert System
Students have to search the internet each time to know about any news updates like payments, result etc. in the college website. In our project, we will implement E-mail & SMS technology for the fast and reliable procur...
Retarding the Setting Time of Geo-Polymer Binder by the Use of Borax
the research was carried out to ascertain the retardation effect of borax on ggbs based geo-polymer binder. To ascertain the retardation effect of borax, the normal consistency of ggbs was determined using vicat apparat...
Study on Efficient Way to Identify User Aware Rare Sequential Pattern Matching in Document Stream
As we know internet is the source of large number textual document those are created by users and distributed in various forms. Most of existing works are done on topic modelling and the evolution of individual topics,...
Secure Searching Encrypted Data over Cloud
Cloud is one of the type of application which can be used by using Internet for storing, inserting or managing the data for very less cost. Due to the increasing popularity of the cloud computing more and more data owne...