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1 2020

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Improving the Management of Storage Stock in the Tire Industry Using the Example of a Selected Company

Żabińska Iwona, Czaplicka-Kalaman Paulina

Multidisciplinary Aspects of Production Engineering

2020

Vol. 3, Iss. 1

548--558

In a well-organized company, stock levels are precisely planned. In order to optimize inventory, various analyses of inventory usage are carried out in terms of them quantity and status. The work presents research on improving the method of managing inventory in the tire industry using the example of a selected company. The company operates warehouses in which tires for passenger cars and vans are stored. Products stored in warehouses ensure high standards. The company focuses on individuality and has a strong market position. The paper presents the results of the ABC and XYZ analysis that allow grouping tires by demand, value and number. The criteria for choosing the ABC/XYZ method are a simple way of use and low financial outlays, in contrast to such methods as MRP or just in time. Furthermore, calculations of such standards as rotation ratios for individual seasons and optimal inventory were carried out. The rotation indicator allows determine which goods are sold quickly and which goods are selling poorly, and therefore the costs associated with their storage are probably higher than from the sale of profits. As a result of the analysis, improvements were made to the inventory management system. The implementation of the proposed methods and tools for inventory management allowed the company to eliminate unnecessary inventories, reduce storage costs and minimize inventory control.