Author : Shailendra Kumar Singh and Prashant Mishra

The purpose of this paper is to investigate how a model for controlling a multi-level inventory system can be used to calculate the optimize inventory value of a steel strip in a steel plant. Furthermore, the paper will, by simulation in every inventory method so could be reduced if a coordinated inventory control method is implemented, instead of the uncoordinated control system used today. In this study, the goods flow chosen is the simplest possible multi-level case.

Keywords: Inventory control, EOQ, MRP, POQ, LTC

Article published in International Journal of Current Engineering and Technology, Vol.5, No.5 (Oct-2015)