Multi-Criteria ABC Inventory Classification- A Case of Vehicles Spare Parts Items

Abstract

 Abstract—The ABC classification of inventory items splits them into three different classes to which we will assign specific monitoring and control rules. The usual ABC classification is based on a single criterion, namely the value of annual use. Single criterion classification can also be done according to other criteria but considered separately. However, the inventory managers need more than one factor to take into account simultaneously in classification. Several models in literature have focused on multi-criteria classification. This article is based on Ng model to elaborate a multi-criteria classification of stocks in a company in the field of vehicle spare parts wholesale. A comparison was made with the traditional single criterion ABC classification. Index Terms—multi-criteria classification, ABC classification, NG model.