Modification and Analysis of APIOBPCS Model using Inventory Control
Best Practices for FMCG Sector
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The present work is an attempt to consider the inventory control with the application of control system theory where obtaining feedback, drawing conclusions and implementation becomes an integral part of control without any time gap. The analyses of the results obtained by control system are also helpful in determining some objective oriented mathematical formulations used in decision making for the betterment of the performance. These formulations provide a criterion to prevent deterioration of situation beyond a certain level and then a platform to improve the situation. This can also be tak...
The present work is an attempt to consider the inventory control with the application of control system theory where obtaining feedback, drawing conclusions and implementation becomes an integral part of control without any time gap. The analyses of the results obtained by control system are also helpful in determining some objective oriented mathematical formulations used in decision making for the betterment of the performance. These formulations provide a criterion to prevent deterioration of situation beyond a certain level and then a platform to improve the situation. This can also be taken as a process of continuous improvement because precision of implementation of the proposed diagram can be improved for a particular industry by adding more and more past data as input information.
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