Inventory Control System for Fast Moving Items in Baghdad Electricity Distribution State
Volume 29, Issue 86, Pages 52-69
The problem of this research is in the Inventory control system in the need for the material inventory to the products and goods. This happened for the purpose of fulfilling the offer long term and short term periods. Any project in business requires keeping the storage to guarantee the fluency of operations. The methods and scientific operations have became widespread to solve the administrative problems to reach to the suitable decisions via the ideal solutions with different levels of planning and inventory control.
The current research tackled the indication to some statistical tools and the way of using them in order to control inventory system. Additionally, the Reorder Level and Safety Stock of the local markets has been regarded; this case occurred to avoid two cases: first, to avoid accumulation of goods in inventory as considered to be exploited the capital. Second, avoiding the deficit happened in the company. A Single exponential smoothing (SES) to forecast the Demand. This method has been taken in order to know the waiting period as the single exponential smoothing (SES) is more suitable because the stability of original orders is highly recommended. The best way of forecasting in this method is single exponential smoothing (SES).
- Article View: 176
- PDF Download: 119