FSN 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 2
Abstract
An inventory management is technique which is generally used to manage the company effectively. The company wants to control their inventory cost, material cost, labor cost etc. There are several inventory techniques used in company such as FSN, XYZ, ABC, HML, VED and S-OS. In this study we shall focus on FSN analysis. In FSN analysis the items are classified into F, S and N classes based on Based on Turnover ratio. Data collection is mainly of 1 year through the general store manager of sponge iron plant. In these analysis only generally used items is used for FSN analysis.
Authors and Affiliations
Yogesh Kumar, Rupesh Kumar Khaparde, Komal Dewangan, Gautam Kumar Dewangan, Jalam Singh Dhiwar
Keywords
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- EP ID EP23097
- DOI 10.22214/ijraset.2017.2008
- Views 307
- Downloads 12
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