INTRODUCTION AND DEFINITIONS
Definition of inventory;
Inventory can be defined as thequantity of material overweight spare parts and semi processed material, which is stocked for the continuousrunning of the plants.
Definition of material ;
Material management is a totalconcept involving an organizational structure join into asingle responsibility the systematic flow and control of material from identification of the need through customer delivery
The most important inventory control is todetermine and maintain an optimum level of investment inthe inventory and an effective materials management plan builds from master plan by filling in the gaps.