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...

By analyzing the current situation of inventory management of enterprises of fresh agricultural products in Handan city as an example and based on the nature of fresh agricultural products, this paper points out the defect and disadvantage of single classification standard of ABC classification method in inventory classification; and applies the improved classification method based on ABC class...

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 ...

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

Maintenance operations directly influence the performances of railway vehicles and play a crucial role in railway services to provide uninterrupted and high quality service to passengers. With the exception of preventive activities, the demand of spare parts for maintenance tasks is usually random; hence, the fast and secure management of the spare parts inventory is an important factor for the...

Medicine segmentation in a hospital is one of the needed inventory management. The objective is to find the priority of every medicine to create an appropriate inventory management system. The most common technique which often used for this segmentation is ABC classification analysis which is adapted based on pareto principle. The result of this technique is a segmentation of the medicine into ...