A comparative study of inventory management and budgetary control system in the automobile sector

Master Of Business Administration (Finance)

This paper is titled, a comparative study of inventory management and budgetary control system in the automobile sector aimed at finding out the impact of budgeting and performance in the automobile sector. Inventory management has come up with most of the important tools to improve operational efficiency over the last 3 to 4 decades across the globe. The automobile industry boosts it for profit it solve the unemployment problem and it shows new technologies through which time, money and manpower can be saved. Inventory is one of the major and most significant resources developed commerce possesses, and the earnings of stock are one of the major sources of proceeds production for a company inventory administration aims to hold inventory at the lowest potential charge, given the objectives to guarantee continual provisions for continuing Operations. While creating decisions on inventory management helps to find a compromise between different cost components. The different cost component includes costs of supplying inventory, inventory–holding costs and costs resulting from insufficient inventories.

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