Review Of Literature On Inventory Management

Review Of Literature On Inventory Management-3
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However major segment of the inventory cost can be discussed as follows- THE CARRYING COST OF INVENTORY In this segment of costs of carrying items of inventories are included.

This report mainly encounters with the various concept of inventory control and its management undertaken by an organisation with stress on inventory and its effective control.

It deals with the cost related with the inventory and its profile, Usage of probabilistic estimate of demand and overall role of the inventory control in a tea processing unit .

The information collected through all the experimentations observed and finally resorted to website and standard textbook of operations management.

Inventory has a multilevel function in the process unit and the firms used to maintain mainly four level of inventories – Raw material-This is the unprocessed form of the item which can be utilisied from varied number of suppliers .

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