Improving Inventory Management in Power Generation Company

It is a maintenance theme that requires an ideal strategy. The system equipment reliability priority (SERP) is a function of ordering the priority of the device based on the six parameters ordered by the importance of the system, important operational ordering parameters, and failure probability parameters of the assets It is a new model. The analysis calculation generates a maintenance priority index (MPI). MPI provides administrators with information about devices (Wahyudi, 2009).

DSI measures the effectiveness of company inventory management. Inventory constitutes an important part of the company's operating fund requirement. By calculating the number of holding days until the company sells, the efficiency ratio measures the average period during which the company's cash is fixed in inventory. However, since this number often has no background, it is necessary to carefully consider it. From the above example of the DSI value calculated by each company in the real retail (Wal-Mart), online retail (Amazon), and technology (Microsoft) industry, we can see that DSI greatly varies from industry to industry depending on product type and business I will. Therefore, it is important to compare values ​​with other companies in the same industry according to various factor models.

Inventory management is the inventory of resources that the company uses to produce products for the market. Inventory management is usually done internally. In other words, although managed internally, the company has outsourced inventory, so there is not enough space to store resources. You need to manage and manage inventory. The main purpose of inventory control is to ensure that sufficient quantities of items are available when needed and minimize inventory investment. At ACC, the inventory of the company is stored in the company's warehouse. Afterwards, these resources are distributed to various places necessary for the product. In AIrtel Ltd, company inventory management is managed by the company's office, from products to franchise stores and other customers.

Recently, a lot of people have talked about the importance of inventory control, especially the management of SME stocks in supply chain management. The importance of inventory control is also the truth for the economic success of any company in retail companies or similar companies. First of all, we need to understand what the demand is. Market demand is defined as the total amount of goods or services the consumer wishes to purchase and purchase at a particular price. Demand is different from desire as it is not enough for consumers and companies to want products, but they must be able to actually buy it. Based on this inference, we can conclude that the demand for a certain product decreases as the price of the product rises.