The Application of ABC Analysis in the Logistic Warehousing Processes
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216275%3A25510%2F19%3A39914510" target="_blank" >RIV/00216275:25510/19:39914510 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
The Application of ABC Analysis in the Logistic Warehousing Processes
Original language description
Each company asks how to reduce costs and waste while maintaining profit growth in a free market environment. Logistics can partly answer this question. Logistics opens the way to a wide range of methods and tools to optimize business. Warehousing and inventory management are one of the company's most important activities in logistics. It is important to ensure that the business is optimally sourced. A number of methods are used for the inventory management and one of them is ABC analysis. ABC analysis is one of the traditional scientific methods used in case studies. If a company has an unnecessary amount of inventory that it is not able to consume, it must spend unnecessary resources to store it. Otherwise, when a company has insufficient inventory, it loses profits from a missed order that can lead to customer losses. ABC analysis is used to inventory management in logistics especially in warehousing. This analysis is one of the methods of differentiated inventory management. The goal of ABC analysis is to divide stock items into three categories according to the classification criteria. ABC analysis is based on the Pareto principle, which means that by controlling 20% of the most important stored items, 80% of the total volume of stored items can be affected. The aim of this article is the application of ABC analysis in a selected company with a view to rationalization of logistic warehousing processes. The article is also based on research of world-renowned literature from the Web of Science database.
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
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OECD FORD branch
50204 - Business and management
Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach<br>I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2019
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
Transport Means : proceedings of the international scientific conference
ISBN
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ISSN
1822-296X
e-ISSN
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Number of pages
7
Pages from-to
548-554
Publisher name
Kaunas University of Technology
Place of publication
Kaunas
Event location
Palanga
Event date
Oct 2, 2019
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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