ABC Analysis for Inventory Management-Case Study of Sponge Iron Plant
Journal Title: International Journal for Research in Applied Science and Engineering Technology (IJRASET) - Year 2016, Vol 4, Issue 3
Abstract
An inventory management is most commonly used technique to manage inventory efficiently. There are several techniques to classify the inventory items the most classification technique is ABC analysis. In ABC analysis the items are classified into A, B & C classes based on the total cost usage. Data collection is mainly of 1 year through the general store manager and other staff involved in inventory control operation of sponge iron plant Rasmada.
Authors and Affiliations
Yogesh Kumar, Ashok Lilhare, Amit Sahu, Bhushan Lal
Keywords
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