Item Standardization and Inventory Management using Kanban System

Author(s):

Avishkar Mohite , Deogiri Institute Of Engineering And Management Studies; Sachin Borse, Deogiri Institute Of Engineering And Management Studies; Mayur Jadhav, Deogiri Institute Of Engineering And Management Studies

Keywords:

SCM, JIT, FIG, DIG, PR, PO etc.

Abstract:

In todays market supply chain management is integral part of any industry. Supply chain management is end to end process in all industries. It is a flow of materials, information and resources from supplier to manufacturer to wholesaler to retailer. Major problems in industry are mostly faced due to poor supply chain management. Reasons of these problems are mainly because of insufficient information, uncertainty in and supply, no proper arrangement to keep the material, wrong track of material etc. To avoid all these problems proper supply chain management is necessary demand. Information technology facilitates smooth functioning of supply chain. The appropriate flow of information is must to run any supply chain. Smooth processes reduce the lead time. In this paper different terms are explained such as Enterprise Resource Planning (ERP), KANBAN, Safety Stock Inventory, Lean Manufacturing etc. The project topic Item Standardization and Inventory management using Kanban system focused on how to improve the delayed at the time of delivery and also find the safety stock, Using this safety stock we show the how to manage the inventory. Lets see the important terms in detail.

Other Details:

Manuscript Id	:	IJSTEV6I1018
Published in	:	Volume : 6, Issue : 1
Publication Date	:	01/08/2019
Page(s)	:	9-12

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