Professional Documents
Culture Documents
Inventory Management
Inventory Management
Seminar taken by
Jagan. P
Suresh Rao
vijayKumar. A
Vinoth. G
INTRODUCTION
MEANING OF INVENTORY:
What to purchase
How much to purchase
From where to purchase
Where to store
Objectives Of Inventory Management
To ensure continuous supply of raw material, spares
and finished goods.
1. Stock Levels
2. Safety Stocks
4. Determination of EOQ
5. ABC Analysis
6.VED Analysis
10.Inventory Reports
Techniques of inventory management
2.CARRYING COST
Group-A:
Group-C:
FIFO
LIFO
Average Price Method
Base Stock
Standard Price & Market Price