INVENTORY MANAGEMENT IMPROVEMENT: A CASE STUDY K.SINCHAROEN CONSTRUCTION MATERIALS SHOP

Abstract

The purpose of this study was to investigate the current situation of the inventory management of K.Sincharoen construction materials shop in order to improve its inventory management process. The findings revealed that K.Sincharoen construction materials shop encountered the problem of excessive inventory due to the lack of the checking of quantity of products or systematic inventory recording. This study, thus, proposed following procedures to solve this problem, such as inventory classification, prediction of the needs of inventory, calculation of re-order point, and a simulation in comparison of with the current method. After its implementation of these procedures, it was found that the average of inventory decreased and the cost was also reduced, worth 61,196 Baht. The working process was more effective due to the checking of inventory, improvement of the work process with 5S techniques, and Kaizen Concept.