A model for stock management in a woodprocessing and furniture manufacturing company

Stock management includes processes such as stock monitoring, restocking i.e. ordering new stock and preventing stock sell-out. Stock is essential for smooth operation, supply and purchasing. This article develops a model for stock management in a hypothetical woodprocessing company, where part of p...

Descripción completa

Guardado en:
Detalles Bibliográficos
Autores principales: Leon Oblak, Denis Jelačić, Darko Motik, Tomislav Grladinović
Formato: article
Lenguaje:EN
Publicado: University of Zagreb, Faculty of Forestry and Wood Technology 2008
Materias:
Acceso en línea:https://doaj.org/article/7c7431647aa940bea540c4c14a2aecbd
Etiquetas: Agregar Etiqueta
Sin Etiquetas, Sea el primero en etiquetar este registro!
Descripción
Sumario:Stock management includes processes such as stock monitoring, restocking i.e. ordering new stock and preventing stock sell-out. Stock is essential for smooth operation, supply and purchasing. This article develops a model for stock management in a hypothetical woodprocessing company, where part of production is intended foran unknown customer. We designed a model for periodical monitoring of product group stock by using simple exponent regulation and ordering up to the target stock. The adjusted quantities of sales budget are launched into production with the help of a multi-criteria decision-making model. The designed model enables an optimum level of intermediate product stock, unfinished production and the final product stock. Flowchart technique is used for showingthe reshaped process of presenting the sales budget and ordering of materials.