Stock Management and Control in a Local Shop of Animal Products

Ravena de Mello Rodrigues; Ricardo Luiz Fernandes Bella; Douglas Vieira Barboza; Maria Helena Teixeira da Silva

doi:10.31686/ijier.vol8.iss8.2570

Authors

Ravena de Mello Rodrigues Institute of Science and Technology (ICT), Federal Fluminense University
Ricardo Luiz Fernandes Bella Institute of Science and Technology (ICT), Federal Fluminense University http://orcid.org/0000-0003-2212-1789
Douglas Vieira Barboza Laboratory of Technology, Business Management and Environment (LATEC), Federal Fluminense University http://orcid.org/0000-0002-2653-8541
Maria Helena Teixeira da Silva Institute of Science and Technology (ICT), Federal Fluminense University http://orcid.org/0000-0001-5330-3361

DOI:

https://doi.org/10.31686/ijier.vol8.iss8.2570

Keywords:

Services management, ABC analysis, Inventory, Economic improvement, Safety Stock

Abstract

Due to globalization, the achievement of competitiveness has become fundamental to the organizations that try to be leaner each day, reducing costs, and thus allowing other investments. Thereby, stocks are achieving each day more importance due to its relevance in the company economic stability. A great management allows products never miss in stock and a great management also avoids excess in leftovers. In this project, the importance of stock management carries the objective of optimizing the investments over stocks and of decreasing losses caused by obsolescence in a retail micro company that sells goods for animals. For that purpose, the ABC Classification has been applied in which the main products referred to demand and profits were identified. The supply policy adopted for those products was the Economic Lot Size, calculating the safety stock and the resupply point. It was possible to calculate order costs, maintenance and material through collected data during meetings with the company owners and this way it was possible to realize that the economic buying batch applicability would generate savings relating to the current company model. In addition to the decreasing of the risk of losing items and keeping the safety stock in order to face the demand fluctuations.

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Author Biographies

Ravena de Mello Rodrigues, Institute of Science and Technology (ICT), Federal Fluminense University

Bachelor of Production Engineering from Universidade Federal Fluminense.
Ricardo Luiz Fernandes Bella, Institute of Science and Technology (ICT), Federal Fluminense University

PhD and Master in Production Engineering from Universidade Federal Fluminense (UFF), Production Engineer from CEFET / RJ and is currently professor of the Graduation in Production Engineering at Universidade Federal Fluminense, Campus of Rio das Ostras.
Douglas Vieira Barboza, Laboratory of Technology, Business Management and Environment (LATEC), Federal Fluminense University

PhD student in Sustainable Management Systems at Universidade Federal Fluminense. He holds a master's degree in Biosystems Engineering from Universidade Federal Fluminense (2017), Specialization in Occupational Safety Engineering from Universidade Federal Fluminense (2015), Improvement in Quality Engineering from Universidade Cândido Mendes (2016), Graduation in Petroleum Engineering from Universidade Estácio de Sá (2013) and is currently a professor at the Faculdade Lusófona do Rio de Janeiro.
Maria Helena Teixeira da Silva, Institute of Science and Technology (ICT), Federal Fluminense University

Doctor in Systems and Production Engineering at Universidade Federal do Rio de Janeiro, Master in Production Engineering at Universidade Federal do Rio de Janeiro, Degree in Italian Language and Literature at Universidade Federal Fluminense, Degree in Mathematics at Universidade Federal do Rio de Janeiro and is currently Professor at UFF.

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