Accu Scrap Raw Material Inventorycontrol Using the Min- Max Method

To address stockouts and overstock concerns in Accu scrap processing, this research introduces the application of the Min-Max method to enhance inventory control performance. Implementing this approach on bullion and ingot products resulted in a 33% improvement in inventory management effectiveness. The Min-Max method facilitated the determination of safe stock levels, minimal order quantities, and reorder points, thereby promoting efficient resource allocation and supply chain optimization. Consequently, manufacturers experienced reduced operating expenses while maintaining competitive edge and responsiveness to market dynamics Highlight : The Min-Max method improved inventory management effectiveness by 33%. This approach facilitated the determination of safe stock levels, minimal order quantities, and reorder points. Manufacturers experienced reduced operating expenses while maintaining competitive edge and responsiveness to market dynamics. Keywords: Accu scrap processing, Min-Max method, inventory control, supply chain optimization, resource allocation