INFLUENCE OF THE ABC ANALYSIS ON INVENTORY MANAGEMENT

1 TREBUNA Peter
Co-authors:
1 PEKARCIKOVA Miriam 1 FRANKOVSKY Peter 1 TROJAN Jozef 1 ROSOCHA Ladislav
Institution:
1 TUKE - Technical University of Košice, Košice, Slovak Republic, EU, peter.trebuna@tuke.sk, miriam.pekarcikova@tuke.sk, peter.frankovsky@tuke.sk, jozef.trojan@tuke.sk
Conference:
CLC 2018 - Carpathian Logistics Congress, Wellness Hotel Step, Prague, Czech Republic, EU, December 3 - 5, 2018
Proceedings:
Proceedings CLC 2018 - Carpathian Logistics Congress
Pages:
872-878
ISBN:
978-80-87294-88-8
ISSN:
2694-9318
Published:
18th April 2019
Proceedings of the conference were published in Web of Science.
Metrics:
447 views / 167 downloads
Abstract

The basis of frequency inventory analysis is ABC analysis. It is one of simple tools that can be applied in a variety of modifications and various fields such as in management of assets and liabilities, management of completion in production, sales management. The major use of the ABC analysis is in the inventory management of the company. The objective of the ABC analysis is that the company consistently increases its attention to important areas. It is inappropriate to pay the same attention and to monitor and to manage closely in detail all the purchased and stocked items. That’s the main aim of the presented paper. On the contrary, it is better to differentiate the different groups of stocks at all stages of the purchase process, i.e. when designing the management of purchasing, when forecasting, purchasing and managing inventory. The aim of the article was to point out the potential that ABC's analysis has and on its various modifications that are well-used in practice to reduce inventory costs.

Keywords: ABC, inventory, criteria, analysis

© This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

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