A Study of Physical Inventory Methodologies for the Wright-Patterson AFB Medical Center Supply Activity

Abstract

This study evaluates current and alternative physical inventory methodologies for the Wright-Patterson Medical Center Supply Activity. Four potential physical inventory alternatives were examined: (1) 100 percent annual physical inventory; (2) statistical sampling, (3) continuous cyclic; and (4) stratified cyclic. For each alternative the researchers used historical data and a site survey to estimate the effect on physical inventory costs and impact on customer service. The researchers found that statistical sampling was the most economically feasible alternative for the Wright-Patterson Medical Center. However, the method of stratified cyclic produced less extreme scores in both physical inventory cost and customer service parameters than did statistical sampling. The researchers found that further research is needed in the recommended methodologies of statistical sampling and stratified cyclic. Inventory control, Inventory analysis, Inventory, Accuracy, Quality control.

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Document Details

Document Type
Technical Report
Publication Date
Sep 01, 1994
Accession Number
ADA285011

Entities

People

  • Scott A. Parks
  • Steven M. Elkins

Organizations

  • Air Force Institute of Technology

Tags

Communities of Interest

  • Biomedical

DTIC Thesaurus Topics

  • Accuracy
  • Air Force
  • Air Force Facilities
  • Biomedical Engineering
  • Business Administration
  • Case Studies
  • Control Systems
  • Customer Services
  • Data Analysis
  • Engineering
  • Inventory
  • Inventory Control
  • Literature Surveys
  • Logistics
  • Quality Control
  • Statistical Samples
  • Statistical Sampling

Readers

  • Agricultural Chemistry/Soil Science
  • Life Cycle Cost Analysis
  • Occupational Health and Safety.