SYSTEMATIC STUDY TO IMPROVE THE PERFORMANCE OF A CEMENT MANUFACTURING COMPANY THROUGH SELECTIVE INVENTORY CONTROL

SYSTEMATIC STUDY TO IMPROVE THE PERFORMANCE OF A CEMENT MANUFACTURING COMPANY THROUGH SELECTIVE INVENTORY CONTROL

Registration ID: IJNRD_206188

Published ID: IJNRD2309417

DOI: Click Here to Get

Vijay K , P.MOHAN RAJ, M.E , A.S RAJASREE

Inventory control

Materials management has always remained a perplexing problem to all organizations, especially to a cement manufacturing unit. Now a days organizations are facing problems of survival because of acute competition. Only those organizations can meet the competition effectively and can hold on the market, which is in their position to keep their cost minimum. Material is the first and foremost element of cost amounting to almost 50% of the total cost. In this context it is worthwhile to make a study of the inventory management system in a firm undertaking for improvement. With this end in view, it is thought desirable to undertake a study of `Travancore Cements Limited` which has been successful throughout its existence. To attain the objectives of the study both primary and secondary data has been used. Secondary data was obtained from published reports and journals. To have an in depth analysis of the existing practices it was necessary to collect primary data relating to the actual functioning of the purchase and inventory control system. A schedule containing questions of different aspects of the purchase and inventory control system was constructed. By intervewing the persons answers are collected to these questions. The answers obtained were tabulated to draw the relevant conclusions. These results form the basis of the study. The secondary data collected were analysed with simple statistical tools ie, with the help of tables, bar charts,trend ratios,mean etc.helped the researcher to present the results of the study in a more meaningful manner. The effectiveness of the inventory management of the company is checked and analyzed using ratio analysis. Selective inventory control methods of one dimensional, two dimensional & three dimensional methods are performed to improve the inventory system of the company.

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"SYSTEMATIC STUDY TO IMPROVE THE PERFORMANCE OF A CEMENT MANUFACTURING COMPANY THROUGH SELECTIVE INVENTORY CONTROL", IJNRD - INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT (www.IJNRD.org), ISSN:2456-4184, Vol.8, Issue 9, page no.e134-e154, September-2023, Available :https://ijnrd.org/papers/IJNRD2309417.pdf

Volume 8 Issue 9, September-2023

Pages : e134-e154

Paper Reg. ID: IJNRD_206188

Published Paper Id: IJNRD2309417

Downloads: 000121162

Research Area: Civil Engineering 

Country: Tiruppur , Tamilnadu , India

Published Paper PDF: https://ijnrd.org/papers/IJNRD2309417.pdf

Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD2309417

Journal Name: INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT(IJNRD)

ISSN: 2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar | ESTD YEAR: 2016

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