Quality Control of Inventory Turnover

Article

Kahn, Louis B.   (1958, ASQC)   Shell Development Company

Industrial Quality Control    Vol. 14    No. 10
QICID: 4311    April 1958    pp. 4-7
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Article Abstract

Statistical analysis and control charting is described, not for conducting an inventory count, but for analysing the activity of items in an inventory. The author presents a formula to determine an index of activity for each item and shows how it is used to pinpoint items of extremely high or low activity that require management action.

Keywords

Statistical process control (SPC)


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