Question: I have been given a final year project to develop a model for Spare part inventory control and management for multinational company. the model should

I have been given a final year project to develop a model for Spare part inventory control and management for multinational company. the model should include the best suitable classification method and a simple mathematical approach for forecasts. Suggest me the best approach to accomplish this. I am expecting,

  1. Explanation in developing the model step by step.
  2. Suitable classification method for spare parts.
  3. A simple mathematical approach for forecasting spare parts (preferably with an example).
  4. Other key factors to be concerned in developing the model.
  5. Good referencing documents or sites for more accurate information.

Help me to develop the model with a limited time frame due to heavy workload. Thanks

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