Implementation of 5S to Set Up Inventory Control System with HTML Coded Spare Management System

Abstract

This research paper has brought out the importance of inventory management considering the availability of stock in absence of its data or improper accessibility of data that transforms the asset into liability. Process proposed in this paper helped in identifying over inventory and eliminating dead inventory thereby raised level of optimum inventory significantly within two months of process implementation. This process helped to maintain available spares in a systematic manner as well as handle inventory management effectively, which is an important link in supply chain. Inventory models are based on the assumptions. A number of inventory models were analyzed, but none could be implemented because of invalid assumptions. The new inventory model was proposed based on assumptions mentioned in this paper. The proposed model can be implemented effectively in a short span to control the inventory.