A STUDY ON THE EFFECTIVENESS OF INVENTORY MANAGEMENT AT ASHOK LEYLAND PRIVATE LIMITED IN CHENNAI

Buvaneswari R R, Dr. PRAKASH BABU

Abstract


Inventories constitute the most significant part of current assets in most the undertakings, on an average. Inventories are approximately 60% of the current asset in the Public limited companies in India. The essential to manage inventories efficiently and effectively in order avoid excessive investment. The management of inventories will be jeopardising its long run profitability and may fail ultimately. It is possible for a company to reduce to its level of inventories to a considerable extent without any adverse on production and sales by using simple inventory planning and control techniques. The reduction of excessive inventories will create a favourable impact on the company’s profitability. The purpose of   inventory to management is to ensure availability of raw materials in sufficient quantities as and when required and also minimise investment in inventories. Without an effective inventory management strategy, companies can make critical mistakes.

  1. To help retailers develop on inventory plan that works.
  2. Make a plan, and then execute.
  3. Use multiple vendors.
  4. Consistent, constant communication. .

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ISSN : 2251-1563