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Title: :  A study on Inventory Management and control
PaperId: :  6498
Published in:   International Journal Of Advance Research And Innovative Ideas In Education
Publisher:   IJARIIE
e-ISSN:   2395-4396
Volume/Issue:    Volume 3 Issue 5 2017
DUI:    16.0415/IJARIIE-6498
Licence: :   IJARIIE is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Author NameAuthor Institute
Pratap ChandraKumarSaveetha School of Management
Gomathi ShankarSaveetha School of Management
Dr.CH.Bala nageswara raoSaveetha School of Management

Abstract

Production
SAP, ABC analysis, Total quality management.
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.

Citations

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IJARIIE Pratap ChandraKumar, Gomathi Shankar, and Dr.CH.Bala nageswara rao. "A study on Inventory Management and control" International Journal Of Advance Research And Innovative Ideas In Education Volume 3 Issue 5 2017 Page 1524-1532
MLA Pratap ChandraKumar, Gomathi Shankar, and Dr.CH.Bala nageswara rao. "A study on Inventory Management and control." International Journal Of Advance Research And Innovative Ideas In Education 3.5(2017) : 1524-1532.
APA Pratap ChandraKumar, Gomathi Shankar, & Dr.CH.Bala nageswara rao. (2017). A study on Inventory Management and control. International Journal Of Advance Research And Innovative Ideas In Education, 3(5), 1524-1532.
Chicago Pratap ChandraKumar, Gomathi Shankar, and Dr.CH.Bala nageswara rao. "A study on Inventory Management and control." International Journal Of Advance Research And Innovative Ideas In Education 3, no. 5 (2017) : 1524-1532.
Oxford Pratap ChandraKumar, Gomathi Shankar, and Dr.CH.Bala nageswara rao. 'A study on Inventory Management and control', International Journal Of Advance Research And Innovative Ideas In Education, vol. 3, no. 5, 2017, p. 1524-1532. Available from IJARIIE, http://ijariie.com/AdminUploadPdf/A_study_on_Inventory_Management_and_control_ijariie6498.pdf (Accessed : 16 July 2019).
Harvard Pratap ChandraKumar, Gomathi Shankar, and Dr.CH.Bala nageswara rao. (2017) 'A study on Inventory Management and control', International Journal Of Advance Research And Innovative Ideas In Education, 3(5), pp. 1524-1532IJARIIE [Online]. Available at: http://ijariie.com/AdminUploadPdf/A_study_on_Inventory_Management_and_control_ijariie6498.pdf (Accessed : 16 July 2019)
IEEE Pratap ChandraKumar, Gomathi Shankar, and Dr.CH.Bala nageswara rao, "A study on Inventory Management and control," International Journal Of Advance Research And Innovative Ideas In Education, vol. 3, no. 5, pp. 1524-1532, Sep-Oct 2017. [Online]. Available: http://ijariie.com/AdminUploadPdf/A_study_on_Inventory_Management_and_control_ijariie6498.pdf [Accessed : 16 July 2019].
Turabian Pratap ChandraKumar, Gomathi Shankar, and Dr.CH.Bala nageswara rao. "A study on Inventory Management and control." International Journal Of Advance Research And Innovative Ideas In Education [Online]. volume 3 number 5 (16 July 2019).
Vancouver Pratap ChandraKumar, Gomathi Shankar, and Dr.CH.Bala nageswara rao. A study on Inventory Management and control. International Journal Of Advance Research And Innovative Ideas In Education [Internet]. 2017 [Cited : 16 July 2019]; 3(5) : 1524-1532. Available from: http://ijariie.com/AdminUploadPdf/A_study_on_Inventory_Management_and_control_ijariie6498.pdf
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