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A study on inventory management system in Tyre Industry

Rs. 2,500.00



Introduction:
Inventory management is the management of inventory and stock. Inventory management is the supervision of non capitalized assets inventory and stock items.
A component of supply chain management, inventory management supervises the flow of goods from manufacturers to warehouses and from these facilities to point of sale. A key function of inventory management is to keep a detailed record of each new or returned product as it enters or leaves a warehouse or point of sale.
Inventory management means keeping the overall costs associated with having inventory as low as possible without creating problems. This is also sometimes called stock management. It is an important part of any business that must have a stock of products or items on hand. Correctly managing inventory management is a delicate balance at all times between having too much and too little in order to maximize profits. The costs associated with holding stock, running out of stock, and placing orders must all be looked at and compared in order to find the right formula for a particular business.
It is impossible to have an unlimited supply on hand, for a number of different reasons. Many businesses simply dont have enough money to keep excessively large inventories. There are costs associated with purchasing the items as well as storing them, and having too many products leads to further losses when they dont move off of the shelves.
At the same time, there are issues with inventory management when there is not enough stock on hand. One common problem is running out of inventory, which is caused by trying to reduce inventory costs too much. This is something that no business wants to have happen, but it happens to virtually all of them at some point. Even the largest stores run out of certain products from time to time when they sell or use more than they expected. This can cause financial losses when inventory is not available for customers to purchase. Part of inventory management is trying to minimize shortages so these are rare occurrences. Most businesses expect they will have shortages on occasion and they have calculated that the small loss is worth the money saved by not having an overstock.

Number of Pages of Project Report: 60
Package Includes: Project Report
Project Format: Document (.doc)

Table of Contents of Project Report:
CHAPTER 1 INTRODUCTION
Rationale of the study
Statement about the problem
Objectives and scope of the study
Need of the study
CHAPTER 2 THEORETICAL BACKGROUND
Inventory control
Meaning of Inventory Control
How to Achieve Inventory Control
Inventory control system
Business Processes And Functions In Spare parts Management
CHAPTER 3 LITERATURE REVIEW
CHAPTER 4 COMPNAY PROFILE
CHAPTER 5 RESEARCH METHODOLOGY
CHAPTER 6 DATA ANALYSIS
FINDINGS
RECOMMENDATIONS AND CONCLUSION
CONCLUSION
LIMITATIONS
BIBLIOGRAPHY
APPENDIX 1 QUESTIONNAIRE

 


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