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Raw material inventory management in cattle feed industry


Author(s):

Jiyas P A , Mangalam college of enggineering; Rajeev K Mohan, Mangalam college of enggineering; Subin George Mathew, Mangalam college of engineering

Keywords:

EOQ and Reorder Point, ANN, Conceptual Model

Abstract:

The aim of the paper is to investigate how industry is currently managing the flow of raw materials. And Understanding the techniques and data measurements to meet the actual demand and thereby satisfying the customer requirements. Study on the techniques that can be adopted by the company to come over the present crisis of shortage of products and customer dissatisfaction. The techniques like forecasting demand with the available data of previous year actual demand would be suggested to provide protection against uncertainty. The application of the proposed method in an industry and conducting a comparison based on cost for studying the advantages of proposed method with that of the existing method followed by the company.


Other Details:

Manuscript Id :IJSTEV2I5053
Published in :Volume : 2, Issue : 5
Publication Date: 01/12/2015
Page(s): 82-86
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