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Inventories are a factor that significantly affects competitiveness of any manufacturing enterprise. Manufacturing companies should protect inventories against unexpected fluctuations in their consumption and deliveries and thus promote the continuous nature of the production process. Inventories, however, are also naturally associated with the costs required for their maintenance. It is therefore crucial to precisely evaluate the previous consumption and properly adjust the amount of safety supplies. A very useful tool for statistical analysis of data seems to be the method of measuring the variability of consumption. This method allows us to assess the intensity of fluctuations in consumption very easily. The respective conclusions can then be used for estimating the future consumption as well as for setting the amounts of safety inventory levels. The paper analyzes the use of this tool in the field of inventory management in industrial plants.
Keywords: cost, inventory, profit, storage.© This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.