Abstract
Inventory management is a process which helps the organizations to fulfil their required supplies during the period of production and operating activities which help in increase in efficiency and effectiveness of the organizations. Shrinanda Industries is a manufacturing unit located in urla they manufacture Railway Bolts for different companies. The objective of this study is to understand the techniques of inventory management done in Shrinanda Industries and their techniques to maintain their required inventories in stock so that they can maintain regular production cycle. This study is based on competitor’s analysis of two manufacturing industries ‘Shrinanda Industries’ and ‘Pankaj Steels’ all the data is collected directly through top level management by Interview method. During the study there were few findings like there are many competitors in market and heavy dependency upon man power management. conclusions by this study are organizations can develop better polices for their Inventory management techniques and their operations.
Keywords
Inventory Management, Stock Keeping Units, Techniques of Inventory Management and Production Cycle and Operation Cycle.
Citations
IRE Journals:
Arun Kumar , Dr. Sumita Dave
"A Study of Inventory Management at ‘Shrinanda Industries Raipur’" Iconic Research And Engineering Journals Volume 6 Issue 12 2023 Page 1294-1300
IEEE:
Arun Kumar , Dr. Sumita Dave
"A Study of Inventory Management at ‘Shrinanda Industries Raipur’" Iconic Research And Engineering Journals, 6(12)
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