International Journal of Statistics and Applied Mathematics
2017, Vol. 2, Issue 4, Part A
Supply chain & inventory management in food industry: A case studyAuthor(s):
A company which provides food typically stores its products in a warehouse before shipping them to consumers. Inventory control play prominent role for the food processing& distribution firm because of the huge amount of food items typically stored. This excess amounts of stored items enhance inventory and supply chain management cost and results minimizing warehouse efficiency. Summing up, inventory control management should be the fundamental focus of the food processing & distributing firm, exceptionally for perishable packaged foods. The literature is however crucial to structure a system to express outcome in advance for forthcoming inventory. Some key issues associated with inventory control & supply management in the food processing & distribution firm have been revealed form surveying through experts, and analyzed sequential patterns to find fundamental concepts based on analytical results from the survey. This work proposed precise inventory predictive model, to uplift inventory prediction up to 64.9%. Through the sequential patterns based on thorough research, the food processing & distribution firm can manage inventory efficiently and accurately.Pages: 38-42 | Views: 617 | Downloads: 17Download Full Article: Click Here
How to cite this article:
Rakesh Kumar. Supply chain & inventory management in food industry: A case study. International Journal of Statistics and Applied Mathematics. 2017; 2(4): 38-42.