Application of 3d Music Inventory Control Technique forCath Lab Store
Journal Title: IOSR Journal of Dental and Medical Sciences (IOSR-JDMS) - Year 2017, Vol 16, Issue 12
Abstract
Abstract:-This paper presents the implementation of an improved inventory management and control system in a Cath lab store. Inventory management system involves the procurement, stocking, and issue of materials to the maintenance department as and when required. Inventory management is the main area in which many process industries are suffering. The aim of this work is to design inventory models for such a system in a process industry. The existing system of inventory control of items reveals that past data cannot be taken as the major decision criteria. The important decision making criterion related to items is criticality, lead time and consumption value which need to be accounted for effective control of inventory management in the organization. Data are collected from various sources like log books, ledgers, annual financial statements and published articles of the company. ABC Analysis, selective ABC and VED analysis, lead time and service level are incorporated in order to obtain 3D models and suggestions were given to improve the inventory management of items. The key performance indicators were also established to give benchmark operations.
Authors and Affiliations
Dr K V Sandeep, DrMekala Jaya Krishna, Dr B Seshadri, Dr N Satyanarayana
Keywords
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- EP ID EP251547
- DOI 10.9790/0853-1612112425
- Views 94
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