Multicriteria Inventory ABC Classification in an Automobile Rubber Components Manufacturing Industry

The automobile industry frequently uses rubber in the body structure of its components. The rubber parts contribute around 20% of the entire body structure. Storing the inventory of the rubber components is the main problem in the automobile industry. A Multi Criteria Inventory Classification (MCIC) is one of the effective inventory classification techniques. In MCIC, various criteria and sub criteria are also considered for classification of the inventory. In this paper, the MCIC method has been proposed for the classification of the inventory of an automobile rubber components manufacturing industry. An Analytic Hierarchy Process (AHP) has been utilized for estimating the value of the inventory system. In the AHP, complex problems are categorized into various sub problems, which have been identified by using the hierarchical structure based on the criteria and attributes. Using the AHP, better inventory classification was identified for the automobile rubber components manufacturing industry. Further, this paper discusses the effective inventory control system of the automobile rubber components manufacturing industry.