Inventory Management using FSN Analysis and Demand Forecasting: Case Study of a Valve Manufacturing Industry - Softcover

Tripathi, Shubham; Gupta, Ajay

 
9786139847341: Inventory Management using FSN Analysis and Demand Forecasting: Case Study of a Valve Manufacturing Industry

Inhaltsangabe

Inventory management has great impact on the overall performance and profitability of an enterprise. The trade-off is between high holding and obsolescence costs of excessive stock on one hand and poor customer service and high shortage costs resulting from low inventory levels on the other. The desired solution is devising a suitable inventory control policy that provides a satisfactory customer service level without keeping unnecessarily large inventories that blocks capital and is difficult to handle. The study compares various quantitative forecasting models for forecasting continuous and highly fluctuating real demand data of a valve manufacturing industry to be used in the inventory systems. The case study focuses on inventory control in a system having high demand variability over a versatile range of products taking into account the fact that inventory control parameters are a function of forecasting systems.

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Über die Autorin bzw. den Autor

Dr. Shubham Tripathi, MDS, is a Gold Medalist in Conservative Dentistry and Endodontics with multiple national and international publications in reputed journals. He currently serves as a Senior Lecturer in the Department of Conservative Dentistry and Endodontics at Sri Aurobindo College of Dentistry, Indore.

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