|
|||||||||||||||
|
INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2456-4184 | Impact factor: 8.76 | ESTD Year: 2016 Scholarly open access journals, Peer-reviewed, and Refereed Journals, Impact factor 8.76 (Calculate by google scholar and Semantic Scholar | AI-Powered Research Tool) , Multidisciplinary, Monthly, Indexing in all major database & Metadata, Citation Generator, Digital Object Identifier(DOI) |
||||||||||||||
Issue: April 2024
Volume 9 | Issue 4
Review Result and Publication of Paper within : 2-3 days
Click Here For more DetailsFor Authors
Forms / Download
Published Issue Details
Editorial Board
Other IMP Links
Facts & Figure
Impact Factor : 8.76
Issue per Year : 12
Volume Published : 9
Issue Published : 95
Article Submitted :
Article Published :
Total Authors :
Total Reviewer :
Total Countries :
Indexing Partner
Join RMS/Earn 300
Licence
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License
|
Published Paper Details
|
|
| Paper Title: | Optimizing Production and Inventory Analytics for the Garment Industry : A Case Study |
| Authors Name: | Bed Prakash Singh , Krishna Gopal Varshney |
| Download E-Certificate: | Download |
| Author Reg. ID: |
IJNRD_184036
|
| Published Paper Id: | IJNRD2211131 |
| Published In: | Volume 7 Issue 11, November-2022 |
| DOI: | |
| Abstract: | A garment industry’s largest and most valuable resource is its global market inventory. India is rapidly growing market, on track to reach a half-billion middle-income people by 2030. In the long term, these characteristics benefit the garment industry. As the global financial crisis is expected to deepen day by day and the countries in South Asia continue to emerge and develop their garment industry in this challenging time. The garment industry will continue to flourish with their continuous efforts. The purpose of this research is to determine how successful and practical the EOQ technique is in the garment sector. This scientific research is a quantitative examination of the MADAN GOPAL VARSHNEY HRK GARMENT firm. The data utilized in this study are for 2020 and 2021 in terms of the amount of purchases and usage of recyclables, information on purchasing cost and data on maintaining costs, raw commodity costs, and cycle times. The findings of this research shows that the frequency with which purchases are made exceeds 100 times, resulting in significant ordering expenses. According to EOQ, the amount of optimal inventories for a single order is 646.56 kg in 2020 and 808.67 kg in 2021. The inventory expenditures using the EOQ approach is expected to be INR 5,94,868.29 in 2020 and INR 6,12,955.76 in 2021. In 2020, INR 10,811,246.82 or 94.59 percent of spending may be saved by using EOQ. Spending that may be saved in 2021 by using EOQ total INR 11,066,169.21, or 94.86%. |
| Keywords: | Inventory, Economic Order Quantity, Garment Industry |
| Cite Article: | "Optimizing Production and Inventory Analytics for the Garment Industry : A Case Study", International Journal of Novel Research and Development (www.ijnrd.org), ISSN:2456-4184, Vol.7, Issue 11, page no.b296-b307, November-2022, Available :http://www.ijnrd.org/papers/IJNRD2211131.pdf |
| Downloads: | 000118747 |
| ISSN: |
2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar| ESTD YEAR: 2016 An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator |
| Publication Details: |
Published Paper ID:IJNRD2211131 Registration ID: 184036 Published In: Volume 7 Issue 11, November-2022 DOI (Digital Object Identifier): Page No: b296-b307 Country: Agra, U.P., India Research Area: Mathematics Publisher : IJ Publication Published Paper URL : https://www.ijnrd.org/viewpaperforall?paper=IJNRD2211131 Published Paper PDF: https://www.ijnrd.org/papers/IJNRD2211131 |
| Share Article: |
|
|
Click Here to Download This Article |
|
| Article Preview | |
|
|
|
Major Indexing from www.ijnrd.org
| Semantic Scholar | Microsaoft Academic | ORCID | Zenodo |
| Google Scholar | ResearcherID Thomson Reuters | Mendeley : reference manager | Academia.edu |
| arXiv.org : cornell university library | Research Gate | CiteSeerX | PUBLON |
| DRJI | SSRN | Scribd | DocStoc |
ISSN Details
 |
 |
|
ISSN: 2456-4184
Impact Factor: 8.76 and ISSN APPROVED
Journal Starting Year (ESTD) : 2016
DOI (A digital object identifier)
Conference
Open Access License Policy
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License
Important Details
Social Media
Licence
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License
Join RMS/Earn 300
| Copyright © 2024 - All Rights Reserved - IJNRD |
Facebook Twitter Instagram LinkedIn