An Inventory Control using ABC Analysis and FSN Analysis

Abstract

To achieve optimum inventory replenishment is significantly difficult due inherent uncertainties in demands and supply which resulting in loss of sales or keeping excessive inventories. An unkempt inventory can take up to one-third of an organization’s annual investment. Therefore, in order to compete with invariably erratic demands, it is not only challenging to develop an intelligent system to maintain and control an optimum level of inventory but has also become mandatory. Here we have tried to study the inventory control system of a manufacturing industry using ABC and FSN.