An Adaptive Approach to Investigation Evaluation of Incorporated Material Set Optimum Re-Order Point

Abstract

In a manufacturing company inventory cost is a significant part of expenses. Therefore reordering point (ROP) of the items must be optimum to reduce its carrying cost. In this present work, Investigations have made about the inventory control and ROP in a magnum steel manufacturing plant in Banmore (M.P) to find the optimum ROP by applying ved and xyz analysis. Mathematical modeling is done with the help of Mat lab software.