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INVENTORY CLASSIFICATION WITH ABC ANALYSIS
Authors: Erkan KIYAK, Oğuz Han TİMUŞ, Mehmet KARAYEL
Number of views: 870
For a substantial organization, managing the expansive inventory is a serious problem.
One of the methods to solve this problem used widely is classifying the inventory
according to some criteria and managing inventory according to this classisifation. In
this study, ABC classification methods are researched and Ng's model, which is one of the
most widely used, selected for further investigation. An illustrative example is presented
to show the usability of the Ng's method.