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Research on the Inventory Model of ERP System in Unstable Demand

In: Proceedings of 2012 3rd International Asia Conference on Industrial Engineering and Management Innovation (IEMI2012)

Author

Listed:
  • Jin-li Zhang

    (Nanchang Institute of Technology)

Abstract

Based on the cost and profit, considering the unit cost of materials and the material utilization, with the methods of probability theory and mathematical statistics, an ERP inventory control model is proposed under the condition of fluctuating demand. Afterwards, the supply volume and safety stock can be reasonably determined. The rationality and effectiveness of this model is demonstrated from real samples. The model can be applied to and will bring practical guiding significance for the inventory control of modern enterprises.

Suggested Citation

  • Jin-li Zhang, 2013. "Research on the Inventory Model of ERP System in Unstable Demand," Springer Books, in: Runliang Dou (ed.), Proceedings of 2012 3rd International Asia Conference on Industrial Engineering and Management Innovation (IEMI2012), edition 127, chapter 0, pages 345-354, Springer.
    • Handle: RePEc:spr:sprchp:978-3-642-33012-4_35
    DOI: 10.1007/978-3-642-33012-4_35
    as

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