Title
Inventory Management Model in the Commercial Sector to Reduce Inventory Levels through the Use of Demand Forecasts and Economic Order Quantity
Date Issued
08 January 2021
Access level
metadata only access
Resource Type
conference paper
Publisher(s)
Association for Computing Machinery
Abstract
The high competitiveness and variability of demand in the commercial sector has led companies to efficiently manage their inventory management to optimize their warehouse stocks. The main problem that occurs most frequently in the sector is the excess inventory in its main warehouse. This is due to inadequate inventory management that allows a balance in the level of inventory without neglecting the estimated demand. Because of this, we propose an inventory management model and design a simulation system to evaluate the viability of this. From the results obtained, it is concluded that the proposed inventory management model will reduce inventory costs by 30.66%, avoiding excess inventories and optimizing costs.
Start page
83
End page
87
Language
English
OCDE Knowledge area
Negocios, Administración Economía
Scopus EID
2-s2.0-85104986672
Resource of which it is part
ACM International Conference Proceeding Series
ISBN of the container
978-145038914-3
Conference
2nd International Conference on Industrial Engineering and Industrial Management, IEIM 2021
Sources of information: Directorio de Producción Científica Scopus