Optimum koste vir voorraadhouding van 'n moderne kunsmisfabriek
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North-West University (South Africa)
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Abstract
South Africa is a large consumer and exporter of inorganic fertiliser, of which the production and raw
material costs represent approximately 70% of the selling price. Because of these two factors substantial
finance is involved in the carrying of inventories.
Hence there is a substantial incentive for the optimisation of fertilizer inventories. This incentive has
recently become more pronounced due to the upward trend
of finance charges and inflation which tend to reduce
profits.
A method of forecasting the sales of the principal fertiliser components, namely nitrogen, phosphorus and
potassium, is described. Because of the large volume
of data involved, a computer application has been selected. Historical, geographical and seasonal information is analysed by mathematical techniques to produce a best-fit curve which is then projected to indicate future sales requirements.
Having obtained a projection of expected nitrogen,
phosphorus and potassium sales, the likely sales of
individual products, each of which contains varying
amounts of nitrogen, phosphorus and potassium, can
then be manipulated to correspond with the total
nitrogen, phosphorus and potassium projections.
Sustainable Development Goals
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MBA, North-West University, Potchefstroom Campus
