A study on Inventory Management and control

Production

This research propose to get exposure in inventory and it is very important to the company. It is to ensure quality in business that control the transaction between the consumer goods. It is important to do proper inventory management and control in the production company. This project is to analyse the inventory control in the leading brake manufacturing company (WABCO INDIA). This study shows the analysis of ABC items in the inventory, SAP, stock policy followed. It deals with entire process carried in inventory department. Also it was found that there no proper demand forecasting by the company it is done only by suppliers and supply materials to the company along with the demand forecasted in SAP. This affecting the production process in the company. It is suggested that to develop communication between the suppliers and properly forecast the demand. This will result in managing inventory and use man-power according to the demand in order to produce more and control the inventory space. It leads to reduce the inventory of finished products. ABC analysis has shown that the management must have more control on C items than A & B because C class as a highest in number that occupies more space in inventory. This is done through maintaining routine check in orders in SAP, by maintaining proper forecasting it will result reducing the dead stock in inventory.

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