ABSTRACT

The main motive of any business organization is to earn maximum profit. For this it is very
necessary to supply right quantity of goods at right time & at right place with good quality.
Inventory is a list of goods and materials, or those goods and materials themselves, held
available in stock by a business. To minimise idle time caused by shortage of inventory and nonavailability of inventories as per requirement, and to keep down capital investment in
inventories, inventory carrying cost and obsolescence losses. Without inventory control, millions
of dollars could be lost each year just because there was no accountability for everything
involved in making a product.
The studys main objective is to minimize the investment in inventories by exercising selective
inventory control techniques. The study involves the analysis of in inventory management at
W.S.Insulators (India) Ltd. From the data provided by the company ABC analysis, EOQ models,
was done. It is suggested that the management should use inventory control techniques to
optimize the investment in inventory.