ISSN No: 2231-5063
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Article Details ::
Article Name :
Inventory Management –a Vital Function In Manufacturing Industry
Author Name :
Anandi D.Khardekar and U.M.Deshmukh
Publisher :
Ashok Yakkaldevi
Article Series No. :
GRT-1448
Article URL :
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Abstract :
Inventory management is an integral part of a successful business Inventories typically consist of good, raw materials & finished products. Each of these elements translates into money for the business owner. The key to profitability is a carefully balanced inventory. Inventory Management is an important area of both production management & financial management & plays a crucial role in such managerial function as cost control & cost reduction in a manufacturing unit.
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