Designing the Inventory Model Using a Modern Information Technology

Authors

  • Anna Antonyová *, Peter Antony , Benfano Soewito

Abstract

Setting the proper replenishment rate, to keep the necessary inventory reserve,
which covers the production needs and unpredictable demand, can affect not only
the production process but also the level of future demand. Also ordering price that
is based on the agreement of regular delivery and taking into account the amount
of material per one container or vehicle might differ in terms of reordering.
Inventory level also depends also on the stock capacity and the price of storage per
item and per time unit. The presented inventory model describes the system of
replenishment rate in terms of the box production using the advantages of the
modern information technology. The model should prevent the situation if, due to
the lack of some material, production has to be stopped or interrupted for a certain
period of time

Published

2020-06-30

Issue

Section

Articles