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Tools and techniques of inventory management
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Uploaded on 03/09/2020
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o f i n v e n t o r y o f i n v e n t o r y w m a t e ri a l
w m a t e ri a l
i n p r o g r e s s i n p r o g r e s s h e d g o o d s h e d g o o d s
COSTS ASSOCIATED WITH
INVENTORY
ELEMENTS OF INVENTORY
MANAGEMENT
Purchasing of materials
Receiving of materials
Inspection of materials
Storage of materials
Issuing of materials
Maintenance of inventory records
Stock audit
NEED FOR THE STUDY
Materials are comparable to cash and they make up a vital part of the total cost.
It is basic that materials should be properly safeguarded and accurately accounted.
Appropriate control of material can make a considerable contribution to the
efficiency of a business. The achievement of a business concern largely depends
upon efficient purchasing, storage, utilization and accounting.
The cost of creation is expanded as of late because of the wide utilization of
TELANGANA FOODS organization items.
Inventory plays a vital role in every industry. Better it control leads to better
capital usage. The company should take care of the inventory effectively.
Each industry needs to keep up the inventory in an ideal amount. It should not
be excessively high or excessively low. Which prompts the inappropriate
administration of inventory, too high inventory causes an increment in costs and the
capital of the firm will blocked too low inventory causes genuine changes in the
assembling process. So there is a requirement for investigation of INVENTORY
MANAGEMENT in TELANGANA FOODS.
OBJECTIVES OF THE STUDY
METHODOLOGY OF THE STUDY
-JOSEPH
BRANDT
THANK YOU