CATEGORIZATION OF SPARE PARTS THROUGH ABC ANALYSIS
Y. Karun Kumar1, D. Bala Murali Krishna2, B. Venkatesh3, D. Karthik4, G. Jaswanth5,
G. Sanjay Kumar6
1Assistant Professor, Department of Mechanical Engineering, Raghu Engineering College, Visakhapatnam.
2Student, Department of Mechanical Engineering, Raghu Engineering College, Visakhapatnam.
3 Student, Department of Mechanical Engineering, Raghu Engineering College, Visakhapatnam.
4 Student, Department of Mechanical Engineering, Raghu Engineering College, Visakhapatnam.
5 Student, Department of Mechanical Engineering, Raghu Engineering College, Visakhapatnam.
6 Student, Department of Mechanical Engineering, Raghu Engineering College, Visakhapatnam.
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Abstract - The purpose of this study was to improve the inventory management policy adopted by SAPTAGIRI Hero Bike Showroom. The objective of this study was to identify problems in the inventory management of above-mentioned firm and improving it in terms of investment, categorization of items, customer satisfaction by timely delivering what is needed and when by proposing an efficient and effective analysis. This study employs the procedure of inventory audit and uses Selective Inventory Control techniques to improve the inventory status at SAPTAGIRI Hero Bike Showroom, TAGARAPUVALASA. A survey has been conducted for inventory management at SAPTAGIRI Hero Bike showroom to improve their inventory management policy. This study uses systematic observation, mathematical tools and graphical representation in ABC analysis for categorization of items analysis as project methodology. The improvement in inventory status has been executed by identifying the category of each item which is A, B, C study and analysis was also performed to provide a comprehensive solution of inventory classification which is most suited to the firm as per their requirements.
Key Words: Inventory Management, ABC analysis, Categorization of spare parts.
