Inventory Management- A Case Study

Dr. Angel Raphella. Associate Professor & Head,

Department of Management Studies . PET Engineering College, India

S Mr. Gomathi Nathan. Assistant Professor .

Department of Management Studies. PET Engineering College , India

S Ms. Chitra. G . II MBA .

PET Engineering College, India India

IM 15

Abstract

As a result to today’s uncertain economy, companies are searching for alternative ways to stay competitive. This study goes through the process of analyzing the company’s current forecasting model and recommending an inventory control model to help them solve their current issue. As a result, an Economic Order Quantity (EOQ) and a Reorder Point was recommended to help them reduce their product stock outs. The shortage of raw material for production always makes the process discontinuous and reduces the productivity. The ABC analysis technique for the inventory control system is first used to identify the most important multiple products and then the economic order quantity (EOQ) of each product is developed to find their inventory model equation individually.

Keywords: Demand and Sales, Economic Order Quantity, Inventory, Production.