Some studies on slow moving inventory and scrap management in a printing and packaging industry

Abstract

The material that is lying quite long in the industry beyond its newlinescheduled date of dispatch for various reasons is called slow moving newlineinventory The industry procures materials as per the customer sales order newlineprojection On account of various reasons the industry may not utilize the raw newlinematerials fully and hence the materials procured becomes slow moving newlineInventory is a huge investment for most companies and in a recession newlineholding inventory can become a significant financial burden Inventory that is newlinenot being utilized will create a drain on cash flow and ultimately a negative newlineimpact on the corporate bottom line Decision support system DSS for newlinematerial and slow moving inventory optimization is a valuable tool that newlineindustries can use to solve the problems of high scrap and high inventory as newlinewell newline