Rui Miao
Abstract
The problems in ABC inventory classification are analyzed, the ABC inventory classification based on customer service level is given. The relevant models for calculating the reorder point, safety stock and lot size are presented, the goal for improving customer service and reducing inventory cost is achieved.
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The problems in ABC inventory classification are analyzed, the ABC inventory classification based on customer service level is given. The relevant models for calculating the reorder point, safety stock and lot size are presented, the goal for improving customer service and reducing inventory cost is achieved.
Key concepts: Spare part, ABC analysis, Reorder point, Safety stock, Inventory control, Customer service, Inventory cost, Operations research