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Paper Title : Study and Determination of Inventory Management Practices in Industry

ISSN : 2395-1303
Year of Publication : 2022
10.5281/zenodo.7047394

Authors: BINDHU A S, BHAVANA U

         


Abstract
The present work is intended to determine the industry practice in inventory management to evaluate management performance in this regards. The importance of the project is emphasized by the fact manner of administration of inventory management to a very large affects the success or failure of overall operations of the industry. The proper management of inventory management is crucial importance for the success of the same. In order to evaluate the performance of the inventory management referring the annual report of the organization the required data has been collected the computations such as stores and spares, inventory turnover ratio etc. After all the computations they analyzed and also by making use of information collected conclusions are drawn. Finally looking to the conclusion, suggestions are made for improvement.

Reference
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Keywords
— Inventory, Analyse, stores, spares, administration.