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A Review on Inventory Management and Control in Iron and Steel Industry
Subject area: Science,Engineering and Technology · Area of research: Industrial Engineering
Abstract
Stock administration includes the control of advantages being created with the end goal of offer in the ordinary course of the organization's activities. Inventories incorporate crude materials stock, work in measure stock and completed products stock. The objective of successful stock administration is to limit the complete costs immediate and roundabout those are related with holding inventories. Be that as it may, the significance of stock administration to the organization relies on the degree of interest in the stock. Steel Industry in India is on a rise as a result of the solid worldwide and homegrown interest. India's quick financial development and taking off interest by areas like framework, land, and vehicles, at home and abroad, has put the Indian steel industry on the worldwide guide. As per the most recent report by the International Iron and Steel Institute (IISI), India is the 10th biggest steel maker on the planet.
References
[1] Mahadevan, B. et al. Periodic review, push inventory policies for remanufacturing European Journal of Operational Research151. pp.536-551. 2003.
[2] Van Der Laan, E., Dekker, Rommert; Salomon, M., Ridder, Ad.. An (s,Q) inventory model with remanufacturing and disposal. InternationalJournal of Production Economics, Volume: 46-47, 339-350. 1996.
[3] Tyworth, J. E. &Ganeshan, R.. A note on solutions to the <Q, r>inventory model for gamma lead-time demand. International Journal ofPhysical Distribution & Logistics Management, Vol. 30 No. 534-539.June. 2000.
[4] Zhu, J.X. and Asten, B.V.. Fuzzy inventory control, OR 591 project. May10.1996TABLE I
How to cite this paper
@article{1702499,
author = {Ritesh Sharma, Nishant Kumar Shukla},
title = {A Review on Inventory Management and Control in Iron and Steel Industry},
journal = {Iconic Research And Engineering Journals},
year = {2020},
volume = {4},
number = {4},
pages = {24-26},
issn = {2456-8880},
url = {https://www.irejournals.com/formatedpaper/1702499.pdf},
abstract = {Stock administration includes the control of advantages being created with the end goal of offer in the ordinary course of the organization's activities. Inventories incorporate crude materials stock, work in measure stock and completed products stock. The objective of successful stock administration is to limit the complete costs immediate and roundabout those are related with holding inventories. Be that as it may, the significance of stock administration to the organization relies on the degree of interest in the stock. Steel Industry in India is on a rise as a result of the solid worldwide and homegrown interest. India's quick financial development and taking off interest by areas like framework, land, and vehicles, at home and abroad, has put the Indian steel industry on the worldwide guide. As per the most recent report by the International Iron and Steel Institute (IISI), India is the 10th biggest steel maker on the planet.},
month = {October},
}