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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) |
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| Paper Title: | A STUDY ON INVENTORY MANAGEMENT COROMANDAL INTERNATIONAL LIMITED |
| Authors Name: | NEERAJ GORU |
| Download E-Certificate: | Download |
| Author Reg. ID: |
IJNRD_193255
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| Published Paper Id: | IJNRD2304694 |
| Published In: | Volume 8 Issue 4, April-2023 |
| DOI: | |
| Abstract: | 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. |
| Keywords: | FIFO, LIFO, Reorder point, Economic order quantity, Demand forecasting, Order processing, Safety stock |
| Cite Article: | "A STUDY ON INVENTORY MANAGEMENT COROMANDAL INTERNATIONAL LIMITED", International Journal of Novel Research and Development (www.ijnrd.org), ISSN:2456-4184, Vol.8, Issue 4, page no.g701-g707, April-2023, Available :http://www.ijnrd.org/papers/IJNRD2304694.pdf |
| Downloads: | 000118761 |
| 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 |
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Published Paper ID:IJNRD2304694 Registration ID: 193255 Published In: Volume 8 Issue 4, April-2023 DOI (Digital Object Identifier): Page No: g701-g707 Country: West godavari, Andhra pradesh, India Research Area: Management Publisher : IJ Publication Published Paper URL : https://www.ijnrd.org/viewpaperforall?paper=IJNRD2304694 Published Paper PDF: https://www.ijnrd.org/papers/IJNRD2304694 |
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ISSN: 2456-4184
Impact Factor: 8.76 and ISSN APPROVED
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