An Approach to Stock Cover Indicator Adequacy

Authors

  • Nikola Atanasov University of Belgrade,Faculty of Organizational Sciences
  • Zoran Rakićević University of Belgrade,Faculty of Organizational Sciences
  • Danica Lečić-Cvetković University of Belgrade,Faculty of Organizational Sciences
  • Jasmina Omerbegović-Bijelović University of Belgrade,Faculty of Organizational Sciences,

DOI:

https://doi.org/10.7595/management.fon.2014.0026

Abstract

Stock cover is presented by a key performance indicator calculating the number of days of forecasted consumption which the current stock level can face. The identified problem in production companies, when calculating the “Stock Cover” indicator companies opt for one of three ways, among which there are large
deviations in planning frequency and launching the orders for procurement or/and production, as well as a wide aberration in the volume of customer orders; which directly affects costs and competitiveness of enterprises. The idea of the authors of this study was to make “Stock cover” indicator and “Balanced Stock Cover” to be more adequate, and at the same time more efficient and effective in the operational management of a company

Author Biographies

Nikola Atanasov, University of Belgrade,Faculty of Organizational Sciences

Nikola Atanasov, MSc, received his MSc degree in Operations Management from the Faculty of Organizational Sciences in Belgrade in 2012. Currently he is working on his PhD thesis named: “A model for an appropriate set of performance indicators selection for production management”. His current research interests are in the general area of Supply Chain and Production Management. He is the author of more than 30 papers from field of his interest.

Zoran Rakićević, University of Belgrade,Faculty of Organizational Sciences

Zoran Rakićević, M.Sc., works as a teaching assistant at the Faculty of Organizational Sciences (FOS), Department for Operations management (Chair of Production and Service Management). He completed two master studies: Entrepreneurship and management of SMEs (in 2012) and Operational Research and Computational Statistics
(in 2013), and is currently enrolled in PhD studies at the FOS. His research and teaching area of interest includes: Planning of Production and Servicing, Operations management and Entrepreneurship and Management of SMEs.

Danica Lečić-Cvetković, University of Belgrade,Faculty of Organizational Sciences

Danica Lečić-Cvetković, PhD, is an associate professor of Production and Services Management and e-manufacturing at the Department for Operations Management, at the Faculty of Organizational Sciences of the University of Belgrade. Her research interests and fields are related to Operations management, Production and services management, e-manufacture. This author has published more than 70 papers in journals and conference proceedings, published in international and national journals and conferences.

Jasmina Omerbegović-Bijelović, University of Belgrade,Faculty of Organizational Sciences,

Jasmina Omerbegović-Bijelović, PhD, is a full time professor and Head of Chair of Production and Service Management (Department for Operations management, Faculty of Organizational Sciences, University of Belgrade). Her main areas of interest are: Planning (of production, services and new business venture), Entrepreneurship and Management of small and medium-sized enterprises, Resources management,
Servicing management, Tools for Quality improvement and Problem solving. She is an author of the Metamanagement and Metacybernetic system concepts and has published numerous papers in the fields mentioned above.

Downloads

Published

2014-12-21

How to Cite

Atanasov, N., Rakićević, Z., Lečić-Cvetković, D., & Omerbegović-Bijelović, J. (2014). An Approach to Stock Cover Indicator Adequacy. Management:Journal of Sustainable Business and Management Solutions in Emerging Economies, 19(73), 41–47. https://doi.org/10.7595/management.fon.2014.0026

Issue

Vol. 19 No. 73 (2014)

Section

Articles

Most read articles by the same author(s)