Inventory occupies the most tactical place in the model of working capital of any organization and its proper management is of great importance. In this paper, we have presented a model for inventory management system keeping in view various factors like arrival of goods, delivery cycle and order cycle. We have used the Scicos/Xcos toolbox of SciLab open access software to design the process of inventory system that can support the decision making process.
Inventory system, SciLab simulation, order cycle, delivery cycle, decision making
Parul Bansal; Poonam Yadav; Poonam Yadav, Analysis of Inventory System using Scilab, HCTL Open International Journal of Technology Innovations and Research (IJTIR), Volume 14, April 2015, eISSN: 2321-1814, ISBN (Print): 978-1-62951-946-3.