Professional paper

Optimization of inventory management in foundry in terms of an economic order quantity

J. Szymszal ; The Silesian University of Technology, Faculty of Materials Science and Metallurgy Katowice, Poland
B. Gajdzik ; The Silesian University of Technology, Faculty of Materials Science and Metallurgy Katowice, Poland
J. Piątkowski ; The Silesian University of Technology, Faculty of Materials Science and Metallurgy Katowice, Poland
J. Kliś ; Centrostal Górnośląski, Katowice, Poland

Abstract

Recording of inventory and constant monitoring have a huge impact on the cost level of enterprises operating in the metallurgical sector. The article presents methods to optimize the inventory management in terms of a size of orders. This applies to the assumed cost of storage, procurement, expenditure in time unit and unit prices calculated for a range of castings. As an optimization tool, functions and modules supplied with the MS Excel spreadsheet have been used.

Keywords

computer-aided foundry production; logistics; order quantity

Hrčak ID:

74872

URI

https://hrcak.srce.hr/74872

Publication date:

2.4.2012.

Article data in other languages: croatian

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