Waiting Line Management in Bank
Report on Company Inventory Management
1) Introduction
a) Objectives of the study
b) Need for the study
c) Methodology
d) Scope of the study
e) Limitations.
2) Company profile
3) Inventory management.
f) Introduction.
g) Types and classification of inventory (ABC analysis)
h) Need for inventory control
i) Use different forecasting Technique
j) Select best forecasting method
k) Apply the different inventory models
l) Calculate economic order quantity
m) The re-order level.
n) Safety stock
4) Findings
5) Recommendations
6) Bibliography
7) Graphs included
Term Paper
On
Company Inventory Management
Course Title : Inventory Management
Course No. – IPE 6211
Department : Industrial & production Engineering
University : Bangladesh University of Engineering & Technology
Submitted By:
Mst. Morium Perveen
Reg No. – 0409082108
Dae of Submission : 03/01/2010
Submitted to:
Sudipa Sarker
Lecturer,
Dept. of IPE, BUET
Objective of the Study
• Figure out the present inventory management system of SUST.
• Show different technique to improve the present inventory system.
Need for the Study
The objective of inventory management is when to order and how much to order.
To make inventory management system economic i.e. mimimizing the total cost of inventory.
Methodology
At first I collect data from Engineering section of SUST. Then I classified the item in class A, B, C according to annual cost and peccentage of item annualy consumed. Then I used different forecasting technique to determine the next 1 or 2 month demand of an item and try to find which technique is more appropriate. Then I tried to calculate EOQ, reorder point , safety stock and inventory level to make the process economic. Applied different inventory model and found which model is best and economic.
Limitations
• Inventory management section of SUST is not properly maintained.
• To
1) Introduction
a) Objectives of the study
b) Need for the study
c) Methodology
d) Scope of the study
e) Limitations.
2) Company profile
3) Inventory management.
f) Introduction.
g) Types and classification of inventory (ABC analysis)
h) Need for inventory control
i) Use different forecasting Technique
j) Select best forecasting method
k) Apply the different inventory models
l) Calculate economic order quantity
m) The re-order level.
n) Safety stock
4) Findings
5) Recommendations
6) Bibliography
7) Graphs included
Term Paper
On
Company Inventory Management
Course Title : Inventory Management
Course No. – IPE 6211
Department : Industrial & production Engineering
University : Bangladesh University of Engineering & Technology
Submitted By:
Mst. Morium Perveen
Reg No. – 0409082108
Dae of Submission : 03/01/2010
Submitted to:
Sudipa Sarker
Lecturer,
Dept. of IPE, BUET
Objective of the Study
• Figure out the present inventory management system of SUST.
• Show different technique to improve the present inventory system.
Need for the Study
The objective of inventory management is when to order and how much to order.
To make inventory management system economic i.e. mimimizing the total cost of inventory.
Methodology
At first I collect data from Engineering section of SUST. Then I classified the item in class A, B, C according to annual cost and peccentage of item annualy consumed. Then I used different forecasting technique to determine the next 1 or 2 month demand of an item and try to find which technique is more appropriate. Then I tried to calculate EOQ, reorder point , safety stock and inventory level to make the process economic. Applied different inventory model and found which model is best and economic.
Limitations
• Inventory management section of SUST is not properly maintained.
• To
Bibliography: • Kostas N. Dervitsiosits, “Operation Management”, International Edition, Macgraw- Hill Book Company • William J. Stevension, “Production/Operation Management”, Sixth Edition, Macgraw- Hill • Lee J. Krajewski, larry P. Ritzman, “Operation Management”, Seventh Edition, Prentice – Hall of India, New Delhi-110001,2005 • Mark D. Hanna, W. Rocky Newman, “Operation Management”, Second Edition, Macgraw-Hill • Essentials of Inventory management by Max Muller • Hands on Inventory management by ED C. Mercado