Advantages of Fuzzy Techniques and Applications in Inventory Control

Abstract

All industrial and business organizations have some types of planning and controlling for the inventory management system. Currently, inventory is one of the important expensive assets of 80% of business and industrial companies. The most difficult task is maintaining the balance between the inventory investment of a firm and its customer service. This research study proposed a comprehensive review on inventory system with fuzzy environment. Fuzzy set theory is generally considered with imprecision and the uncertain nature of quantitative coefficients.