The Application of ABC Analysis in the Logistic Warehousing Processes

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

The Application of ABC Analysis in the Logistic Warehousing Processes

Popis výsledku v původním jazyce

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&apos;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.

Název v anglickém jazyce

The Application of ABC Analysis in the Logistic Warehousing Processes

Popis výsledku anglicky

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&apos;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.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50204 - Business and management

Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach<br>I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2019

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

Transport Means : proceedings of the international scientific conference

ISBN

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ISSN

1822-296X

e-ISSN

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Počet stran výsledku

7

Strana od-do

548-554

Název nakladatele

Kaunas University of Technology

Místo vydání

Kaunas

Místo konání akce

Palanga

Datum konání akce

2. 10. 2019

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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