Inventory management of pre - fabricated building material - a case study of Settelmark Buildings Ltd.

Abstract

Inventory management has become an important activity for many companies. For making customer delivery fast and contain exactly what the customer ordered, proper inventory maintain is a must. Any type of industry which needs uninterrupted space and target of early production needs a pre-fab building. Various products are needed for the production of steel buildings and the main fields are related to textile, spinning, garments and all other industry related to ware house management. An effective forecasting have been done to find the requirement of products to meet the market demand and reaching to its customers to their satisfaction level. It is seen that most of the products are in increasing trend with some fluctuations in different months, which should be taken care of for ordering. Considering some of the main products, inventory classifications have been done for proper planning and scheduling of purchasing materials. This industry is sophisticated regarding the delivery schedule and on-time completion. It’s a dynamic process to keep the customers satisfy by maintaining a tight schedule. In this work effective inventory models have been developed for different classification that can help to compare with present costing and optimum inventory costing.