21-05-2013, 03:04 PM
objective of the study
primary
optimization of inventory with a new inventory control techniques to
reduce the lead time
reduce the stock
liquidation and reduction of the slow mover
data provider
Historical consumption values (3 years) and the standard price of each components
the techniques here they are using is HVC (HISCTOICAL VALUE CONSUMPTION) that is based on the historical trend of the consumption pattern they are predicting the future demand as well as ordering the purchase
to order a component they depend upton the ROL (reorder point)
here i am explaining the pattern of inventory control the company is following HVC
THE SALE POPLE WILL GIVE A TARGET VALUE AND THE HISTROICAL PATTERN OF CONSUMPTION. BASED ON THE THAT THE PLANNING DEPARTMENT IS PREDICTING THE DEMAND AS WEEK DEMAND
MEDIUM DEMAND AND HIGH DEMAND. WHEN THE DEMAND
PROBLEM STATEMENT
THE MAIN PROBLEM IN INVENTORY TECHNIQUE THEY ARE USING I FOUND IS LACK OF DEMAND FORECASTING AS WELL AS DEPENDENCY ON THE REORDER POINT
HVC PROCEDURE
CONSUMPTION>PURCHASE REQUISITION>CHECKING THE MONTHLY CONSUMPTION AND THE STOCK RATIO>ORDERING BASED ON THE DEMAND> CONTINUE FOR THE WHOLE YEAR>ENDS AT DECEMBER
THIS IS MY PROJECT CONDITION PLEASE GIVE ME A SOLUTION HOW TO PREPARE A PROJECT IT IS HELPFUL FOR MY CAREER AND MY FINAL PROJECT ALSO PLEASE REPLY AS SOON AS POSSIBLE
THANK YOU
primary
optimization of inventory with a new inventory control techniques to
reduce the lead time
reduce the stock
liquidation and reduction of the slow mover
data provider
Historical consumption values (3 years) and the standard price of each components
the techniques here they are using is HVC (HISCTOICAL VALUE CONSUMPTION) that is based on the historical trend of the consumption pattern they are predicting the future demand as well as ordering the purchase
to order a component they depend upton the ROL (reorder point)
here i am explaining the pattern of inventory control the company is following HVC
THE SALE POPLE WILL GIVE A TARGET VALUE AND THE HISTROICAL PATTERN OF CONSUMPTION. BASED ON THE THAT THE PLANNING DEPARTMENT IS PREDICTING THE DEMAND AS WEEK DEMAND
MEDIUM DEMAND AND HIGH DEMAND. WHEN THE DEMAND
PROBLEM STATEMENT
THE MAIN PROBLEM IN INVENTORY TECHNIQUE THEY ARE USING I FOUND IS LACK OF DEMAND FORECASTING AS WELL AS DEPENDENCY ON THE REORDER POINT
HVC PROCEDURE
CONSUMPTION>PURCHASE REQUISITION>CHECKING THE MONTHLY CONSUMPTION AND THE STOCK RATIO>ORDERING BASED ON THE DEMAND> CONTINUE FOR THE WHOLE YEAR>ENDS AT DECEMBER
THIS IS MY PROJECT CONDITION PLEASE GIVE ME A SOLUTION HOW TO PREPARE A PROJECT IT IS HELPFUL FOR MY CAREER AND MY FINAL PROJECT ALSO PLEASE REPLY AS SOON AS POSSIBLE
THANK YOU