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Warehouse Stock Security for Inventory

Author

Listed:
  • Naik Pooja
  • Wakchaure Kanchan
  • Vaishampayan Darshana
  • Swapnil Jadhav

Abstract

In many companies cost of material forms a major part of the selling price of the finished product. Stock requirement planning is very difficult to understand for the good operations of any organization because shortage of material can terminate the shop or production line or lead to modification of production schedule. In order to efficient manner control the inventory and to find out suitable attainment policies a MADM approach is used. In this paper, AHP is used to determine the toll of the criteria selected through knowledgeable opinion. The proposed stock of item model classifies the materials into twenty-seven composite classes. The Safety Stock of the each class of material is limits through CSS formula. To show the proposed model safety stock of the selected classes of the materials is determined and compared with the real value.

Suggested Citation

  • Naik Pooja & Wakchaure Kanchan & Vaishampayan Darshana & Swapnil Jadhav, 2017. "Warehouse Stock Security for Inventory," International Journal of Scientific Research in Computer Science, Engineering and Information Technology, International Journal of Scientific Research in Computer Science, Engineering and Information Technology, vol. 2(1), pages 164-167, February.
    • Handle: RePEc:jbh:ijsrcs:v2:y2017:i1:id:hcseit172113
    Note: Article URL: https://ijsrcseit.com/CSEIT172113
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