INVENTORY CONTROL ON SOME PRODUCTS (A COMPUTER PERSPECTIVE)

Abstract

In today's competitive and ever changing environment, it is essential to hold adequate stock in order to meet customer's demand. But holding large stock wi I I mean high inventory, such as storage, possible losses due to decl ines, hence, the need for inventory control measure. The inventory control measure appl ied in this project is the Economic Order Quantity (E.O.Q.). ·().~· is a calculated ordering quantity which minimises the balance of costs between inventory holding costs and re-order costs. The holding costs and reorder costs are defined in pages 5 and 6 respectively .