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.
Bangar, Ajay; ., Neetu; Sharma, Rajan; and Tiwari, Vaibhav
"Experimental Investigation & Evaluation of Incorporated Material to Set their Optimum Re-Order Point in Kanban Control,"
International Journal of Mechanical and Industrial Engineering: Vol. 2:
1, Article 6.
Available at: https://www.interscience.in/ijmie/vol2/iss1/6