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
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- EP ID EP23096
- DOI 10.22214/ijraset.2017.2007
- Views 244
- Downloads 10
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