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THE APPLICATION OF INVENTORY THEORY FOR MODELING THE SUPPLY PROCESS

All raw materials, intermediate products and products, which are moved within
enterprise, are the subject of the inventory management. Inventory management is one
of the most important enterprise activities and by their effective management can be
achieved the significant improvement of enterprise position on the market. From that
reason, the inventory needs to be managed, monitored, evaluated and affected. The
paper deals with the utilizing the models of the inventory theory in the field of
inventory management in terms of achieving the economic efficiency and ensuring the
particular customer´s service level as well. These models of the inventory level
management are focused mainly on cost-site management.

Authors: Maria CHOVANCOVA, Vladimir KLAPITA, Elena B. DVORYADKINA
Keywords: inventory theory, stochastic models, modeling of the supply process
Volume: LOGI 2016 (Volume: 7)
Issue: Number: 2
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