XYZ Analysis for Inventory Management – Case Study of Steel 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 organization effectively. The organization wants to control their inventory cost, material cost, labor cost etc. There are several inventory techniques used in organization such as XYZ, ABC, HML, VED and S-OS. In this study we shall focus on XYZ analysis. In XYZ analysis the items are classified into X, Y and Z classes based on unit demand variability. The variability of items is measured by the coefficient of variation (CV) Data collection is mainly of 3 months through the general store manager and other staff involved in inventory control operation of steel plant.
Authors and Affiliations
Yogesh Kumar, Veneshwar Sahu, Devprakash Sahu, Rupesh Kumar Khaparde, Jalam Singh Dhiwar
Keywords
Related Articles
- EP ID EP23096
- DOI 10.22214/ijraset.2017.2007
- Views 254
- Downloads 10
Effect of change of substrate on I shape patch antenna using slots and stub for wireless applications
in this paper an rectangular patch whose top corner has been cut and I shape slot, L shape slot along with stub is introduced. The substrate Duroide is used for the designed antenna with dielectric constant 2.2 and thic...
Design and Analysis of Archimedes Wind Turbine
wind energy is relatively mature technology with enormous potential for commercial. With high efficient, solid and reliable wind turbine, wind power offers a solution to meet energy needs and environmental care. This is...
Comparative Study Between Different Metal Gates Engineered Structures
In this paper, comparative study between different metal gate structures has been presented. Short channel effect acts as barrier for further reduction in size of conventional MOSFETs. So looking for new device structur...
Segmentation of Liver CT Images
In this paper we propose a method for automated liver segmentation from CT images that is invariant in terms of size, shape and intensity values. The system consists of two stages. In the first stage of the computerized...
Math-Phobia: Causes and Remedies
The article examines the causes and remedies of poor mathematics teaching and learning in primary and post‐primary schools and recommends measures to overcome them. Among the root causes of mathematics phobia in schools...