Improved inventory control at boart hardmentals (PTY) LTD
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Date
2015-06-29
Authors
Jagoe, M
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Abstract
This work covers the use of exponential smoothing in calculating
order points. Various exponential models are tested and based
on an inventory simulation, a model is chosen that w i ll reduce
the total inventory hoi sing. Rules are developed for re.ordering
inventory; A-B-C analysis of the inventory is us.‘d to highlight
those items requiring t ig h t control and a furthe' analysis by
by customer is used to indicate demand v u l n e r a b i l i t y . Savings of at
least 28% of the inventory costs are expected.
Description
A dissertation submitted to the faculty of Engineering
University of the Witwatersrand, Johannesburg
in partial fulfilment of the degree of Master of Science
Springs, 1981