Improvement of Methods for Analyzing and Evaluating the Effectiveness of Inventory Management in the Warehouse
Year: 2024
Type: article
Abstract: The paper considers the problematics of material resources management - stock on the basis of analyzing the main systems (models) of stock condition control, tak-ing into account the optimal ratio between investment in stocks and the level of cus-tomer service. The object of the study is the systems of stock condition control. The purpose of this research lies in the analysis and general characterization of models and methods of inventory control. The groups of expenses associated with the crea-tion and maintenance of inventories are defined. Factors that affect the choice of in-ventory control system and parameters to be influenced in the implementation of in-ventory control are provided here. On the basis of mathematical methods the main indicators that improve the efficiency of inventory management are established. The methodology of calculation of these basic parameters of inventory management sys-tems on the basis of methods of linear algebra and mathematical analysis is given and a comparison of different typical systems (in particular, with a fixed order volume and with a fixed time interval between orders and others) is carried out. The results of this article can be used for the development and implementation of inventory management systems of material resources of any subjects of economic activity.
Source: Spatial development
Language: English
Subfield: Management Information Systems
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4410010716