Application of Different methods for product selection in Inventory management -a literature review

  • Unique Paper ID: 149373
  • Volume: 6
  • Issue: 12
  • PageNo: 122-127
  • Abstract:
  • Firms must develop and implement effective inventory policies that minimize costs and maximize profits in today's market conditions where extraordinary competition is experienced. Inventory has an important place in the total assets of manufacturing enterprises. Implementation of effective inventory management policies for this important item is crucial for the future of firms. Firms can meet customer needs more effectively by controlling fewer inventories that they classify according to their importance level. The aim of this paperis to conduct a systematic literature review of published articles in the application of different methods in inventory management decisions at the strategic, tactical and operational levels.

Copyright & License

Copyright © 2025 Authors retain the copyright of this article. This article is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

BibTeX

@article{149373,
        author = {abhijeet goswami and ashish paharia and nitin yedmewar},
        title = {Application of Different methods for product selection in Inventory management  -a literature review},
        journal = {International Journal of Innovative Research in Technology},
        year = {},
        volume = {6},
        number = {12},
        pages = {122-127},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=149373},
        abstract = { Firms must develop and implement effective inventory policies that minimize costs and maximize profits in today's market conditions where extraordinary competition is experienced. Inventory has an important place in the total assets of manufacturing enterprises. Implementation of effective inventory management policies for this important item is crucial for the future of firms. Firms can meet customer needs more effectively by controlling fewer inventories that they classify according to their importance level.  The aim of this paperis to conduct a systematic literature review of published articles in the application of different methods in inventory management decisions at the strategic, tactical and operational levels.},
        keywords = {inventory management, multi-criteria decision-making,AHP, TOPSIS,VIKOR},
        month = {},
        }

Cite This Article

  • ISSN: 2349-6002
  • Volume: 6
  • Issue: 12
  • PageNo: 122-127

Application of Different methods for product selection in Inventory management -a literature review

Related Articles