INVENTORY MANAGEMENT AT MAGNA MODULES & SYSTEMS

NEED FOR THE STUDY

Inventories are equivalent to cash and they make up an important of the total cost. It is essential that inventory should be properly safeguarded and correctly accounted. Proper control of inventory can make a substantial contribution to the efficiency of a bussiness. The success of a business concern largely depends upon efficient purchasing, storage, consumption and accounting. This study focus on measuring the effectiveness of current inventory management technique at MAGNA MODULES AND SYSTEMS and analyses the changes that needed to make effective usage of inventory.

SCOPE OF THE STUDY

This study is to find the facts and opinions of inventory management and control at MAGNA MODULES & SYSTEMS. In accordance with the present trends it aims mainly at finding out the inventory control procedures at MAGNA MODULES & SYSTEMS. This study gives the brief information about the inventory management of MAGNA MODULES & SYSTEMS. The study will be done by using annual reports, inventory manual and other records.

OBJECTIVE OF THE STUDY

To study the tools and techniques of inventory management adopted at MAGNA MODULES & SYSTEMS. To study the inventory control measures in inventory management. To study the demand forecast of inventory management at MAGNA MODULES & SYSTEMS. To determine the stock level in inventory management at MAGNA MODULES & SYSTEMS. To identify problems related to inventory management and to find out suitable measures to overcome them. To study the methods of valuation of inventory on MAGNA MODULES & SYSTEMS. To study the inventory management procedure. To make a comparative study of inventory management in last 5 years using ratio analysis technique.