Inventory management is an important part of production planning process for enterprises. Decisions for strategies to determine when and how many to buy or make can be made by classifying the inventory items based on their sorts. In this evaluation, ABC inventory classification is one of the most commonly used approaches. In this study, a fuzzy analytic network process approach was proposed to ...

Spare parts inventory management is one of the major areas of inventory research. Analysis of recent literature showed that an approach integrating spare parts classification, demand forecasting, and stock control policies is essential; however, adapting this integrated approach is limited. This work presents an integrated framework for spare part inventory management and an Excel based applica...

To have an efficient control of a huge amount of inventory items, traditional approach is to classify the inventory into different groups. Different inventory control policies can then applied to different groups. The well-known ABC classification is simple-to-understand and easy-to-use. However, ABC analysis is based on only single measurement such as annual dollar usage. It has been recognize...

A systematic approach to the inventory control and classification may have a significant influence on company competitiveness. In practice, all inventories cannot be controlled with equal attention. In order to efficiently control the inventory items and to determine the suitable ordering policies for them, multiple criteria inventory classification is used. In this paper, a systematic and logi...

multi-echelon inventory systems are one of the most important and attractive areas in modelling supply chain management so that several researches and studies have been done about. in this paper, the total cost function of a two-echelon inventory system with central warehouse and many identical retailers controlled by continuous review inventory policy is estimated. we have assumed the demand i...

Original scientific paper Inventory classification is a very important part of inventory control which represents the technique of operational research discipline. A systematic approach to the inventory control and classification may have a significant influence on company competitiveness. The paper describes the results obtained by investigating the application of neural networks in multiple c...

The paper takes the operation center of D company as an example, studies the packing material inventory control. Grouping by ABC classification, the paper establishes the joint order of multi-item inventory control model to determine the optimal order cycle, achieving the purpose of reducing inventory levels and inventory cost. Keywords-packing materials; inventory; joint order; multi-item

The most common method that materials managers use for classifying inventory items for planning and control purposes is the annual-dollar-usage ranking method (ABC classification). Recently, it has been suggested that multiple criteria ABC classification can provide a more comprehensive managerial approach, allowing consideration of other criteria such as lead time and criticality. This paper p...