Multi-Level Stock Management System

Authors

  • Mohd Asim  Department of Computer Science and Engineering, Babu Banarasi Das Institute of Technology and Management, Lucknow, Uttar Pradesh, India
  • Himanshu Kumar Shukla  Department of Computer Science and Engineering, Babu Banarasi Das Institute of Technology and Management, Lucknow, Uttar Pradesh, India
  • Liyaqat Husain  Department of Computer Science and Engineering, Babu Banarasi Das Institute of Technology and Management, Lucknow, Uttar Pradesh, India
  • Mohammad Kazim  Department of Computer Science and Engineering, Babu Banarasi Das Institute of Technology and Management, Lucknow, Uttar Pradesh, India
  • Priyansh Srivastava  Department of Computer Science and Engineering, Babu Banarasi Das Institute of Technology and Management, Lucknow, Uttar Pradesh, India

DOI:

https://doi.org//10.32628/IJSRSET229261

Keywords:

Stock Management Application, Inventory Management, Supply-Chain, Network Marketing, Rewards, Multi-Level Inventory Control, Bonus Points.

Abstract

In the petrochemical, chemical and pharmaceutical industries, supply chains generally consist of multiple phases of production facilities, inventory/distribution centers and customers. Supply chain staging in the face of various market and technical uncertainties is usually measured by service level, i.e., the expected fraction of demand that the supply chain can satisfy within a predefined allowable delivery time window. Safety stock is introduced into supply chains against uncertainty to provide customers with an assured service level. Although a higher safety stock level guarantees a better service level, it does increase the supply chain operating cost and thus these levels must be suitably optimized.

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International Journal of Scientific Research in Science, Engineering and Technology

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Published

2022-04-30

Issue

Volume 9, Issue 2, March-April-2022

Section

Research Articles

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This work is licensed under a Creative Commons Attribution 4.0 International License.

How to Cite

[1]
Mohd Asim, Himanshu Kumar Shukla, Liyaqat Husain, Mohammad Kazim, Priyansh Srivastava, " Multi-Level Stock Management System, International Journal of Scientific Research in Science, Engineering and Technology(IJSRSET), Print ISSN : 2395-1990, Online ISSN : 2394-4099, Volume 9, Issue 2, pp.397-403, March-April-2022. Available at doi : https://doi.org/10.32628/IJSRSET229261