Inventory management - More than reorder points and quantities

Conference · Wed Jan 01 00:00:00 EST 1992 · Transactions of the American Nuclear Society; (United States)

OSTI ID:7193720

Bromenschenkel, K E ^[1]; Hicks, R D ^[2]; Wheeler, L J ^[3]

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1. Tennessee Valley Authority, Chattanooga (United States)
2. Tennessee Valley Authority, Decatur, AL (United States)
3. Tennessee Valley Authority, Soddy-Daisy (United States)

In today's competitive environment, many companies, including utilities, are looking for ways to keep costs down so as to maintain or improve their market position. One of the significant costs for a nuclear utility is its material and supplies inventory, which, for many, has continually escalated. Many of us recognize that one element of any good materials management system is the ability to calculate the reorder point (ROP) and reorder quantity (ROQ) for the material so as to establish proper inventory levels and quantities. Nevertheless, when beginning to consider the elements contained in these algorithms, it is obvious that many additional factors constitute good inventory management. This paper conveys some of the necessary elements of an effective inventory system and the actions which should be taken to effectuate such a system. Furthermore, the interrelationship of these elements are demonstrated by considering the key facets of a good materials system.

• OSTI ID: 7193720
• Report Number(s): CONF-920606-; CODEN: TANSA
• Journal Information: Transactions of the American Nuclear Society; (United States), Vol. 65; Conference: American Nuclear Society annual meeting, Boston, MA (United States), 7-12 Jun 1992; ISSN 0003-018X
• Country of Publication: United States
• Language: English

Related Subjects

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