Unbalance between the cost of inventory and the level of service of the finished product
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Abstract
The main objective of this work is to develop a control and management tool for the finished product inventory of a company with the help of technological tools such as Excel and R Studio software. For this reason, the variables that intervene in the inventory control will be analyzed, such as: historical sales data, atypical sales data, forecast model, lead time, service level, safety stock, average inventory and optimal inventory. In addition, the inventory optimization model is based on the statistical analysis of data such as: coefficients of variation, standard deviation, minimum and maximum values, and quartiles. Due to the reliability of the data and strategic information of the company, this study has its limitations and therefore assumptions are generated that will be detailed so that the tool in the future can be used, tested and improved as necessary.
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