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Analysis of Inventory Management of Laptops Spare Parts by Using XYZ Techniques and EOQ Model Ã¢â‚¬â€œ A Case Study

Analysis of Inventory Management of Laptops Spare Parts by Using XYZ Techniques and EOQ Model Ã¢â‚¬â€œ A Case Study
Electrical Engineering department Isra University Faculty of Engineering Amman, 11622 Jordan Jordan

Abstract: Inventory control of spare parts is very important to many organizations. Excess inventory and overstocks lead to high holding costs. On the other side stock outs can have a great impact on production or service. The problem of this paper is the shortcomings of the current systems of inventory management and the lack of proper regulation of spare parts using most common manual methods to manage them in inventory. This paper was conducted at Laptop sale company known as UPS company and electrical appliances supply Company in Amman, Jordan as a case study. In this paper, the EOQ cost management model and XYZ analysis were implemented using a software system that helps to make the inventory management automatically prepared and organized. Using EOQ model with XYZ analysis and following the procedures of entering the data into the system consequently lead to a process of getting the necessary reports in consistent shape. Using the software system such as the one used in this paper helps facilitating the access to the history of any items that could be managed by such system.

Keywords: Inventory Management, Laptop Spare Parts, XYZ Analysis, EOQ Model Analysis of Inventory Management of Laptops Spare Parts by Using XYZ Techniques and EOQ Model Ã¢â‚¬â€œ A Case Study

DOI:https://doi.org/10.6025/jes/2020/10/1/1-22

Full_Text PDF 1.18 MB Download: 620 times

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