Maizlish A.V.Ivanovo Institute of State Fire Service of Russian Federation Ministry for Emergency Situations, Ivanovo, Russian Federation alekseymaizlish@gmail.com
Inventory management is one of the most important fields of activity of industrial enterprises. Overstock not only freezes a company's working capital, but also generates a significant amount of overhead costs associated with logistics system's operation of an enterprise. In turn, the lack of inventory in required amount and quality at specific point of time leads to a failure to perform obligations to manufacture products, thus creating a base to generate costs related to lost opportunity and extra costs associated with downtime. It is clear that one way or another, mismanagement of inventory leads to impaired efficiency of an enterprise's operations. That is why, it is important to pay special attention to developing models of raw materials and components inventory. The article provides a comparative analysis of major systems of inventory management and describes the conditions of their application. The authors have studied in detail the raw materials and components procurement process at a machine-building enterprise. The authors also propose an algorithm of operative management of material resources and an assessment of efficiency of its use. The article describes the developed economic-mathematical models for inventory management using mathematical tools of Markov chains. The study results can be interesting for scientists and specialists involved in inventory management.
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