A Study on Inventory Managementat Zuari Cement Pvt Ltd
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Date
2020-10-13T06:27:20Z
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Abstract
The purpose of inventory management is to ensure availability of raw material
in sufficient qualities as and when required and also minimize investment in
inventories. This is essential to manage inventories efficiently and effectively in
order to avoid excess investment. Itis possible for a company to reduce the level of
inventories to a considerable extent without any adverse effect on production and
sales by using simple inventory planning and control techniques. The reduction
of excessive inventories will create a favorable impact on the company profitability.
Inventory turnover ratio, inventory conversion period are very helpful to know how
effectively inventory plays a role in the organization. The use of EOQ analysis is
very effective and is useful tool for classifying, monitoring and controlling of the
inventories.
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SUSHMITHA K, 1NZ18MBA82