Inventory Management as a Cost Saving Function for the Automobile Industry in Ghana.

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March 31, 2015
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April 2, 2015

Inventory Management as a Cost Saving Function for the Automobile Industry in Ghana.

Abstract

Automobile firms have deployed delivery of quality after-sales service as strategy to stay ahead of competition through genuine reasonably priced inventory of spare parts.  The provision of spare parts in the automobile industry to match the required service level come with the challenge of forecasting accurately what spare parts would be needed at what time. Forecasting for spare parts with erratic failure and limited demand history results in mismatch between what is ordered and what is needed by customers, overstocking and obsolescence. Huge capital is locked up in the wrong type of inventory.

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