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International Journal of Mechanical and Industrial Engineering

Abstract

In a manufacturing company inventory cost is a significant part of expense. So, the Re-order Point (R.O.P.) of the items must be optimum to reduce its carrying cost. We have study about the inventory and R.O.P. in Nevatia Steel & Alloys Pvt. Ltd. Mumbai and tried to find the optimum R.O.P. by applying VED and XYZ Analysis. Finally, for mathematical modeling we also take help of MatLab.

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