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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