from the conferences organized by TANGER Ltd.
Inventory management is a central task of the logistics area. The success of an efficiently operating system is determined by the selection of an appropriate method of replenishment of stocks based on the adopted control parameters. The inventory management process becomes extremely difficult in cases where the company has a very extensive range of products or when the market demand for individual products is characterized by high volatility. In a situation where both factors occur simultaneously, inventory management becomes a real challenge for the company. The decision-making process in this case depends to a large extent on a properly functioning calculation algorithm, which will take into account the specifics of the sector served and the occurring variability of demand. The purpose of the article is to present the results of research obtained under the project, whose end result was the development of an algorithm supporting the inventory control system in the selected enterprise. The company has clients from various sectors of the economy: automotive, household appliances, furniture industry, maintenance services. Therefore, the specificity of requirements regarding the availability of goods from stock is also varied. The article presents the results of the risk analysis resulting from the specifics of the enterprise's operation and describes the proposed algorithm for calculating the demand.
Keywords: Inventory management, demand volatility, algorithm© 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.