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inventorymanagement-090326100912-phpapp01

inventorymanagement-090326100912-phpapp01

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Published by gowthamam0809
inventory management
inventory management

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Published by: gowthamam0809 on Nov 24, 2011
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05/02/2012

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5/2/2012 1
Inventory Management by 
ANOOP P. S.
S3 MBA 2007-09School Of Management StudiesCusat, Kochi-22
 
5/2/2012 2
Inventory Definition
A stock of items held to meet futuredemand
Inventory is a list for goods andmaterials, or those goods and materialsthemselves, held available in stock by abusiness
.
 
5/2/2012 3
Introduction
Constitute significant part of current assets
On an average approximately 60% of currentassets in Public Limited Companies in India
A considerable amount of fund is required
Effective and efficient management is imperative toavoid unnecessary investment
Improper inventory management affects long termprofitability and may fail ultimately
10 to 20% of inventory can be reduced without anyadverse effect on production and sales by usingsimple inventory planning and control techniques

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