期刊名称：International Journal of Innovative Research in Science, Engineering and Technology
印刷版ISSN：2347-6710
电子版ISSN：2319-8753
出版年度：2014
卷号：3
期号：1
页码：8163
出版社：S&S Publications
摘要：The management and control of inventory is a problem common to all organizations in any sector of theeconomy. The wealth of shareholders also lies in the warehouse. More than 60% of working capital is normally beinginvested in the inventory. There can be disadvantages in holding either too much or too little inventory. Therefore inventorymanagement is primarily concerned with obtaining correct balance between two extremes.Inventory management involves the development and administration of policies, system and procedures which willminimizes total cost relative to inventory decisions and related functions such as customer service requirement, productionscheduling, purchasing etc.., Viewed in that perspective, inventory management has a broad scope and affects a great ornumber of activities in an Organization.For the past few years the concept of inventory system has gained more importance in our country. It is due tointense competition in the market, which has forced organizations to search for proper inventory control technique toreduce investment in inventories and thereby reducing overall cost.
