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Ulaştırma ve Lojistik Kongreleri

alphanumeric journal

The Journal of Operations Research, Statistics, Econometrics and Management Information Systems

ABC/XYZ Inventory Management Model in a Construction Material Warehouse


Željko Stević, Ph.D.

Bećirović Merima


Abstract

Accounting monitoring stocks of raw materials and supplies plays an important role in the business of every major company. Since inventories are one of the most expensive types of company assets, accounting for more than 50% of total invested capital, optimal inventory management should be an integral part of every company's business. In order to get complete results, this paper applies the ABC method, XYZ method, as well as the cross ABC XYZ method. The goal is to reduce costs of keeping the inventory as much as possible, while maintaining a level of service customers requires. The process of assortment planning, ordering and inventory management in the construction material warehouse is analyzed. The importance of monitoring inventory movements in order to achieve optimal amount of inventory, as well as the obtained results and guidelines for future operations is presented.

Keywords: ABC Analysis, Inventory Management, Warehouse, XYZ Analysis

Jel Classification: C46


Suggested citation

Stević, Ž., Merima, B. (2021). ABC/XYZ Inventory Management Model in a Construction Material Warehouse. Alphanumeric Journal, 9(2), 325-334. http://dx.doi.org/10.17093/alphanumeric.1052034

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Volume 9, Issue 2, 2021

2021.09.02.OR.06

alphanumeric journal

Volume 9, Issue 2, 2021

Pages 325-334

Received: April 5, 2021

Accepted: Dec. 30, 2021

Published: Dec. 31, 2021

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2021 Stević, Ž., Merima, B.

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