Improvement on Inventory Management Performance in Aref Contractor Company

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This study was set to investigate the inventory management problem at Aref Construction Company. The company has encountered a problem in determining the appropriate inventory levels to avoid overstock or stock out and to achieve the best performance on the service. The problem therefore led to research to improve inventory management performance and to resolve the problem by using stock classification, inventory methods and quality inspection through Excel. The aim of the study is to help the management of Aref Construction Company, to identify the most influential risk of inventory management and performance of the service. Also the study will help the management of the company, to guide against losses. Furthermore, to remain competitive with other companies in today's' market, organizations have been compelled to more conscious competitive, increase revenue while maintaining the highest quality of their services and quality that are delivered to their customers. This study used investigation to collect primary data were collected mainly through interviewing the company's president, and also through visiting the company`s warehouses and monitoring warehouse operations. Once the problem was identified, the next step was to collect the data from a project was selected for the construction of a building. This research will be targeting raw materials on the inventory such materials for basis construction, materials for electricity, plumbing materials and flooring materials. The findings of the research were to support the inventory management system in Aref Constriction Company through Microsoft Excel to develop a new system to the inventory management by using inventory classification (ABC) to help the management to identify elements that require maximum control effort, inventory management techniques such as economic order quantity to reduce the total cost of inventory management for the company and reorder level to give the company the ability to understand the levels of the materials in the warehouse and ability to know when they should order again and the service and quality inspection to ensure the good quality from the supplier and the best service to the customer , and also the study will give some suggestion to improve the warehouse layout to have the best performance in the warehouse .

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