Inventory management system which is helpful for the business operators, where shopkeeper keep the records of purchase and sales. This inventory management system will have the ability to track sales and available inventory, tells a shopkeeper when its time to reorder and how much to purchase. K Ravi Sai | Dr. P. Jaya Rami Reddy "A Study on Inventory Management" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-5 , August 2021, URL: https://www.ijtsrd.com/papers/ijtsrd44968.pdf Paper URL: https://www.ijtsrd.com/management/accounting-and-finance/44968/a-study-on-inventory-management/k-ravi-sai
International Journal of Trend in Scientific Research and Development (IJTSRD)
Volume 5 Issue 5, July-August 2021 Available Online: www.ijtsrd.com e-ISSN: 2456 – 6470
@ IJTSRD | Unique Paper ID – IJTSRD44968 | Volume – 5 | Issue – 5 | Jul-Aug 2021
Page 971
A Study on Inventory Management
K Ravi Sai
1
, Dr. P. Jaya Rami Reddy
2
1Student, 2M. Com, M.B.A, Ph.D.,
1,2JNTUA School of Management Studies,
1,2Jawaharlalnehru Technologial University, Anantapur, Andhra Pradesh, India
ABSTRACT
Inventory management system which is helpful for the business
operators, where shopkeeper keep the records of purchase and sales.
This inventory management system will have the ability to track sales
and available inventory, tells a shopkeeper when it's time to reorder
and how much to purchase.
KEYWORDS: Inventory Management, EOQ Analysis, ABC Analysis,
Inventory Turnover Ratios
How to cite this paper: K Ravi Sai | Dr.
P. Jaya Rami Reddy
"A
Study
on
Inventory
Management"
Published
in
International Journal
of
Trend
in
Scientific Research
and Development (ijtsrd), ISSN: 2456-
6470, Volume-5 | Issue-5, August 2021,
pp.971-975,
URL:
www.ijtsrd.com/papers/ijtsrd44968.pdf
Copyright © 2021 by author (s) and
International Journal of Trend in
Scientific Research
and Development
Journal. This is an
Open Access article distributed under
the terms of the Creative Commons
Attribution License (CC BY 4.0)
(http://creativecommons.org/licenses/by/4.0)
INTRODUCTION
Inventory means stock of goods like raw material,
work in progress, finished goods etc.
Inventory management means planning, organizing,
handling and storing adequate level of inventory with
optimized cost to meet consumer’s demand.
Inventory occupy 50–80% of the total current assets
of the business concern. It is very essential part of
working capital management and production
management.
Need for the study
As inventory management is the necessary
activity that helps f