INVENTORY CONTROL

INVENTORY CONTROL

ABSTRACT

Inventory control is an Integral part of inventory management i- e it is a duty  & responsibility of inventory management department. The inventory control is a method by cohich material of correct quantity &
quality is made available as & when required with due regard to the economy in storage & ordering costs & working capital. In this seminar, we are dealing with  ‘inventory control’ concerned with ‘Manufacturing organization’ Inventory of resources is held to provide desirable. Service to customer & to achieve sules turnover target. Investment in large inventories adversely affect organization cash flow & working capital as investment in inventory represents substantial portion of total capital investment in any business. It s therefore essential to balan the advantage of having inventory & the cost of maintaining it so as to determine an optimal level of inventory. For analyse it different types of inventory models are used using the analysis data from the model, the inventory is controlled get total inventory cost minimum & ultimately minimum product cost.