Title: A study on the effectiveness of inventory management and control system in a milk producer organisation
Authors: Abhishek S. Rao K.P.; Naresh Nayak
Addresses: Department of Commerce, Manipal University, Manipal, India ' WelcomeGroup Graduate School of Hotel Administration, Madhav, Nagar, Manipal, India
Abstract: Inventory management is mainly concerned about identifying the amount and the position of the goods that a firm has in their inventory. Inventory management is imperative as it helps to defend the intended course of production against the chance of running out of important materials or goods. Inventory management also includes making essential connections between the replenishment lead time of goods, asset management, and the carrying costs of inventory, future inventory price forecasting, physical inventory, and available space for inventory, demand forecasting and much more. The major objective of the study is to examine to the techniques used by the company to control the inventory. It also includes studying the effectiveness of the technique adopted. In this report we can come to know the background information and the objective of the industry as a whole and also develop the project procedures and various method performed in order to get a detailed report on the industry.
Keywords: EOQ; ABC; inventory; carrying costs; milk producer.
International Journal of Logistics Systems and Management, 2017 Vol.28 No.2, pp.253 - 266
Received: 24 May 2016
Accepted: 03 Jul 2016
Published online: 04 Sep 2017 *