THEORETICAL ASPECTS OF COMPANIES INDUSTRIAL STOCKS
Journal: University Economic Bulletin (Vol.1, No. 24)Publication Date: 2015-02-12
Authors : Vyacheslav Riznyk;
Page : 50-56
Keywords : inventory; inventory management; management of inventories; the approaches to the management of inventories; management inventories; optimization of inventory levels;
Abstract
The article deals with management of inventories. The research subjects are theoretical bases of management inventories enterprise. The aim of this paper is the study of theoretical propositions to improve management efficiency industrial stocks in the company. The article draws on theoretical research methods: analysis and synthesis of scientific and educational literature, comparing, ordering that allowed to generalize the theoretical material on the issue of research to substantiate the essence of managing inventory, the main approaches to the management of inventories and their main system. To achieve the goal in the article the problem of managing inventories enterprise. Highlight the main approaches to the definition of ?management of inventories?. Defined goals, describes the main approaches and management of inventories analyzed their components and figure out the benefits and disadvantages. Described approaches and management inventories with the characteristic advantages and disadvantages can be used industry leaders to find effective ways to optimize inventory, which will significantly reduce costs, increase efficiency and ensure maximum profit. The study suggests that, historically, there are three key concepts in inventory levels in the company maximization, optimization and minimization. The most common inventory management systems are: a fixed size of the order; at a fixed interval of time between orders. There are also hybrid systems, namely the system at specified intervals replenishment to the set level; system ?minimummaximum?; operational management; optional replenishment; system with optional replenishment; two hoppers system; one hopper system. Famous Japanese concept of ?just in time?. However, the success of any management system inventories the company has properly organized infrastructure sector, involving the management of inventory control of their formation and efficient selection and placement of qualified specialists in logistics.
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