Various Designs and Techniques of Inventory Control: a Case Study Under Field of Operation Research

Published in Journal

International Journal of Information Technology and Management [IJITM] (Vol:6/ Issue: 1) DOI: 10.29070/IJITM
Authors: Anupam Semwal,
Subjects: IT & Management

Year: Feb, 2014
Volume: 6 / Issue: 1
Pages: 0 - 0 (0)
Publisher: Ignited Minds Journals
Source:
E-ISSN: 2249-4510
DOI:
Published URL: http://ipublisher.in/I/a/3364
Published On: Feb, 2014

Article Details

Various Designs and Techniques of Inventory Control: a Case Study Under Field of Operation Research |

Anupam Semwal, in International Journal of Information Technology and Management | IT & Management

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ABSTRACT:

The importance of inventory to a firm stems from two points of view:financial and operational. First, inventory represents a major financialinvestment for any company. Inventories represent of 25 to 50 per cent of totalassets in manufacturing firms and 75 to 80 per cent in wholesalers andretailers. On the other hand, from the operational perspective, inventories addan operating flexibility.