A Study on Inventory Management at Karnataka Soaps & Detergents Ltd. Bangalore.

Abstract

Inventory is the maximum vital asset owned by way of maximum organizations due to the fact stock turnover approach one of the primary assets of earnings and next profits for the agency’s shareholders. The end is that better coordination among the shopping, advertising, production and finance departments will help to gain the performance of stock control. Inventory is held through the manufacturer or employer for future use or sale. Inventories include raw substances, packaging substances, standard stores and elements, device spare components, parts bought or manufactured for inventory, work-in-system and completed products. Inventory management refers to the time period material that is frequently utilized in production worries and refers back to the uncooked materials used to supply subassemblies and make parts. The phrases materials and stores can be used interchangeably. Inventory is the second largest asset elegance for production groups, 2nd only to plants and equipment. The proportion of stock is necessary to keep away from large losses because of leakage, theft and waste. Holding inventory prices for inventory relationships, stock management will minimize stock charges. Changes in inventory will even have an effect on the internet working capital level of the organization and the working fees of stock management. These running costs are the end result of storage, coverage, transportation, scrap, waste and stock deterioration.