A Dynamic Planning and Control System for Inventories of Raw Materials.

Abstract

Interfaces with operational MRP II systems can realize substantial benefits in warehousing management and control. This paper presents the design, development, programming and implementation of an inventory planning system, which, in coordination with MRP II, provides significant potential for increased stock turns, and reduced cash flow and storage space requirements. Finally, it presents a multi-objective ABC class analysis, combined with a method of calculating aggregate stock turns based on the turns of each item class.