IJSRP, Volume 3, Issue 3, March 2013 Edition [ISSN 2250-3153]
Tom Jose V, Akhilesh Jayakumar, Sijo M T
Every organization needs inventory for smooth running of its activities. It serves as a link between production and distribution processes. The investment in inventories constitutes the most significant part of current assets and working capital in most of the undertakings. Thus, it is very essential to have proper control and management of inventories. The purpose of inventory management is to ensure availability of materials in sufficient quantity as and when required and also to minimize investment in inventories. So, in order to understand the nature of inventory management of the organization, In this paper we analyzing different inventory control techniques for efficient inventory management system.