A Study on Inventory Management in Manufacturing Industry with specific reference to Bangalore

Abstract

The study evaluates inventory control aspects, including turnover, stock outs, carrying costs, and order fulfilment rates.Commendable aspects of industryof current practices include maintaining adequate stock levels and minimizing excess inventory. However, opportunities for improvement lie in enhancing demand forecasting accuracy and real-time stock monitoring. The study suggests integrating advanced technologies and data analytics to address these gaps. Using the secondary data of the balance sheet we have analysed the inventory turnover, growth of total inventory, current assets on raw materials. Also, we have analysed the ABC analysis of the materials. The result shows that the business has maintained a relatively high percentage of inventories on current assets, indicating its reliance on inventory as a key asset.