Inventory Management

Finance

The study is on inventory management is a vital part manufacturing organization to be more competitive. Inventory are raw materials, work- in- process goods and completely finished goods that are consider to be the portion of business assets that are ready or will be ready for sale. Formulation a suitable inventory is one of the major concerns for an inventory. Therefore the purpose of this research is to identify the problem of inventory management faced by the manufacturing of an enterprise. The data used for the study is secondary data collected through the journals, magazines, and websites. The data was evaluated with the help of financial tools i.e., economic order quantity, stock level, Trend analysis, inventory turnover ratio. The analytical research design has been used for the study. The study on inventory management in cumi reveals that the company can take measures for maintenance of proper stores and spares so as to avoid the frequent breakdown of the machinery. To understand and measure economic order quantity for the selected raw material. The stock level is required for an efficient and effective control of materials and to avoid over and under – stocking of materials. The inventory turnover ratio has been increased by sales level and maintaining the required level of inventory.

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