An inventory management is most commonly used technique to manage inventory efficiently in an organization. The organization wants to control their inventory cost, so they used to different inventory techniques to control this. There are several techniques such as ABC, HML, VED and S-OS. In this study we shall focus on HML analysis. In HML analysis the items are classified into H, M and L classes based on unit cost. Data collection is mainly of 1 year through the general store manager and other staff involved in inventory control operation of steel plant.
CITATION STYLE
Kumar, Y. (2017). XYZ Analysis for Inventory Management – Case Study of Steel Plant. International Journal for Research in Applied Science and Engineering Technology, 5(II), 46–52. https://doi.org/10.22214/ijraset.2017.2007
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