Analysis of Inventory Management of Laptops Spare Parts by Using XYZ Techniques and EOQ Model â€“ A Case Study
Analysis of Inventory Management of Laptops Spare Parts by Using XYZ Techniques and EOQ Model â€“ A Case Study
Journal of Electronic Systems, Vol. 10, No. 1, 2020.
DOI: https://doi.org/10.6025/jes/2020/10/1/1-22
Link: http://www.dline.info/jes/fulltext/v10n1/jesv10n1_1.pdf
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.