Inventory Management

Topics: Industry, Manufacturing, Inventory Pages: 2 (450 words) Published: November 23, 2012
Purpose of research
A study of inventory management is undertaken in order to know the inventory performance and position of selected companies and to know the strength and weakness and to assess the profitability of the companies. Inventories constitute most significant part of assets of large majority of the companies in India. Inventory a double edged sword is usually an asset of an organization, if not used properly it will become liability. It is therefore absolutely very important to manage inventories efficiently and effectively in order to overcome unnecessary investment. Excessive stock, or excess inventory, is the result of bad management of stock demand or of material flow in process management. Excessive stock is also associated with loss of revenue owing to additional capital bound with the purchase or simply storage space taken. Shortage of stocks leads to loss of business, hence inventory management plays a key role. Literature review:

Article on inventory management by weilege
Case study on coco-cola bottling inventory management by S.L Adyemi •Article on inventory management by James H

Aim:
“To identify the problems/challenges involved in the Inventory Management process”

Objectives:
1.To study the inventory control measures and methods of valuation of inventory of selected companies in India of manufacturing industry 2.To identify problems related to inventory management specific to manufacturing industry of selected companies 3.To make a comparative study of inventory management of selected companies under manufacturing industries and to offer suggestions for effective inventory management

Hypothesis:
Research hypothesis: “Optimum inventory management leads to profitability of companies”

Research methodology:
a)Primary data:
The primary data will be collected by personal interviews with officials. b) Secondary data
Files, annual reports, periodicals, manuals and text book. Which have already been passed...

Bibliography: 8. Annexure
Work plan:
First two weeks : literature review
next two weeks: data collection for the project
next four weeks: analysis and interpretation of data
next two weeks: Findings and suggestions or recommendations
next two weeks: compiling of project report
last few weeks : correction of report and final report preparation.
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