Generally, Procurement Planning and Administration focuses on a fundamental role in the storage and stock management of raw materials in terms of the entry, storage, purchase and exit of products, since one of the purposes of this Is the optimal distribution of the available space in function of the volumes of the products in the inventories, whether they are periodic or permanent. In addition, the control and determination of safety stock and articles with their respective rotations enters which are responsible for relating the outputs With stocks of products among others
In order to satisfy the great variability of a company in order that the stock of raw materials and elements for assembly and storage must be as low as possible. According to Pacifico and Witwer (1983), “planning leads to the most efficient use of the resources available in the production process, so that the maximum objectives can be achieved” .
Normally, once the objectives of the Inventory Management have been defined and the forecasting techniques of demand and certain costs of stock described, it is granted to the elaboration of a work plan that refers to the forecasting, checking and regulation of the time Invested in the different operations that comprise the manufacture of a product.
Next we will observe the models of inventory management where they are grouped into two important categories according to the demand Dependent or Independent:
– Model for non-scheduled supply: In the demand this type is independent, it develops through the repercussions of the clients in the market. The most common model is the Economic Lot.
-Model for scheduled provisioning: In the demand is of dependent type. This model was developed through a production and sales program.
Unscheduled models are classified as continuous and non-continuous. Continuous orders are made when inventories decrease to a specific position while non-continuous ones make an inventory order each planned time.
The last class we were talking about the Stocks management was very interesting, I understand that through the knowledge of the models and the planning of the stocks management we will have the ability to measure and control our services in order to obtain the best results and maintain Continuous improvement in the area.