Construction Is a Major Component, Which Forms 45 to 50 of the Country’S Development
Activity. Construction Materials and Components Contribute About 50 to 60 of the Total Value Of
Construction. There Will Be some Difficulty In Defining Construction Materials. some Are Exclusively Used
In Construction and Others In Other Industries Also. some Form Heavy Percentage and some Very Minor
Percentage, But Critical In Their Nature and Affect the Construction Activity.
The Management and Control of Inventory Is a Problem Common to All Organizations In any Sector of The
Economy. the Wealth of Shareholders Also Lies In the Warehouse. More Than 60 of Working Capital Is
Normally Being Invested In the Inventory. There Can Be Disadvantages In Holding Either Too Much or Too
Little Inventory. Therefore Inventory Management Is Primarily Concerned With Obtaining Correct Balance
Between Two Extremes.
Inventory Management Involves the Development and Administration of Policies, System and Procedures
Which Will Minimizes Total Cost Relative to Inventory Decisions and Related Functions Such As Customer
Service Requirement, Production Scheduling, Purchasing Etc.., Viewed In That Perspective, Inventory
Management Has a Broad Scope and Affects a Great or Number of Activities In an Organization. For The
Past Few Years the Concept of Inventory System Has Gained More Importance In Our Country. It Is Due To
Intense Competition In the Market, Which Has Forced Organizations to Search For Proper Inventory C ...