A STUDY ON INVENTORY MANAGEMENT COROMANDAL INTERNATIONAL LIMITED

Registration ID: IJNRD_193255

Published ID: IJNRD2304694

DOI: Click Here to Get

NEERAJ GORU

FIFO, LIFO, Reorder point, Economic order quantity, Demand forecasting, Order processing, Safety stock

In day-to-day management of the firm, it is essential to manage the inventory so as to maintain proper supply of goods at proper time. Inventory represents an important decision variable at all stages of product manufacturing, distribution and sales, in addition to being a major portion of current assets of many organizations. Too much and too low inventories bring down the level of profitability of an organization. Therefore, whether it is a manufacturing or merchandized organization, the goal should always be the same that is, to ensure the inventory is ready and at the same time inventory is at a low level. Inventory management is functional field of finance and production that covers the efficient and effective use of raw materials and spares which are consumed in producing the finished goods in manufacturing concern. A firm ignoring the management of inventories will be jeopardizing its long run profitability and may fail finally. The reduction in ‘excessive’ inventories carries a favorable impact on a company’s profitability. This paper consists of different parts where the inventory management concepts are discussed, and different inventory control techniques are discussed. This paper also introduces the various costs incurred due to the storage inventory, economic order quantities, stock levels, shortage costs, inventory methods.

Published Paper   E-Certificate

NEERAJ GORU (April-2023). A STUDY ON INVENTORY MANAGEMENT COROMANDAL INTERNATIONAL LIMITED. INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT, 8(4), g701-g707. https://ijnrd.org/papers/IJNRD2304694.pdf

Volume 8 Issue 4, April-2023

Pages : g701-g707

Paper Reg. ID: IJNRD_193255

Published Paper Id: IJNRD2304694

Downloads: 000121995

Research Area: Management

Country: West godavari, Andhra pradesh, India

Published Paper PDF: https://ijnrd.org/papers/IJNRD2304694.pdf

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