Project Report On

“STOCK CONTROL AND INVENTORY

MANAGEMENT”
At
“KB PLASTICS COMPANY.”
Submitted To

Amity University Jharkhand

In partial fulfillment of the requirements for the award of the degree of MBA
By Miss Sweta Shirin Mahapatra Enrolment No. A351091901

Under the guidance of

Dr. Julie Vardhan

Amity Business School

Amity University Jharkhand, Ranchi

1
 JUNE/2021
DECLARATION

I, miss Sweta Shirin Mahapatra hereby declare that the report titled
“STOCK CONTROL AND INVENTORY MANAGEMENT” which is
submitted by me to (Amity Business School,) Amity University
Jharkhand, in partial fulfillment of the requirement for the award of
degree of MBA (Master of business Administration), has not been
previously formed the basis for the award of any degree, diploma or
other similar title or recognition. I further declare that report is written by
me and no part of the report is copied from any source(s) without being
duly acknowledged. If it is found to be plagiarized beyond acceptable
limit, I owe the responsibility and action can be taken against me as per
University Rules & Regulations.

Amity University Jharkhand

Ranchi

Date:

Signature. Of the Student

Name of Student: - Miss Sweta Shirin Mahapatra

Enrollment Number: - A3510919015

2
 CERTIFICATE

On the basis of the Report submitted by Miss Sweta Shirin Mahapatra

I hereby certify that the project report on stock control and inventory management which is submitted
to (Amity Business School), Amity University Jharkhand in partial fulfillment of requirement for the
award of the degree of MBA (Master of Business Administration) is an original contribution with
existing knowledge and faithful record of work carried out by him/her under my guidance and
supervision.

To the best of my knowledge this work has not been submitted in part or full for any
Degree or Diploma to this University or elsewhere.

Amity University, Ranchi

Date:

Signature of Guide (Internal)

Dr Juile Vardhan

Amity Business School

Amity University Jharkhand, Ranchi

1
INTERNSHIP CERTIFICATE

2
 ACKNOWLEDGEMENT

I am extremely thankful to Mr. Jayshankar Prasad Gupta Director of KB plastic

Company Limited., Jamshedpur, Jharkhand for giving me a golden chance to complete this
project and guiding me by giving valuable suggestions at all stages.

I am Grateful to our guide Dr. Juile Vardhan for her valuable guidance in systematic and
successful completion of the project

I also especially thank to Mr. Pravin Kumar-HR & Admin of KB Plastic Limited Group
for giving me the opportunity to do the project work and also for his extended co-operation to
make this project a success

I sincerely thank those all who helped me to complete the project.

3
 SYNOPSIS

Title: - To Study the practices of KB Plastic Company for Stock Control and Inventory management.

Place & population: - KB Plastic Limited, Jamshedpur, Jharkhand.

Significance: - The Role of the project is to study the inventory management techniques used by KB
Plastic Limited.
I choose this topic because it’s quite interesting and Inventory management is a whole new world as
now the things are changing and in this critical times its very important to keep a check on inventory
as business are incurring enough profits due to covid-19 and hence in this crucial times inventory
management is very important.
It helps keep a track on Excess Inventory and Less Inventory and also helps to figure out which
items are more in demand and items should not go out of stock

Methodology
• Sample design we used one to one interview directly with the manager of the company.
• Data Collection Method is primary Data Collection.

Expected Outcome: - The Techniques used by KB Plastic Limited for inventory management is good
and gives them maximum profit

4
 LIST OF CHARTS

sl.no Name Of Table

1. Showing Profit Earned with
Better Inventory Management

2. Shows Profit over Losses

3. Profit Earned In Last 5 years

5
 LIST OF TABLES

sl.no Name Of Table

1. Classification of Plastic Product by Type of Process

2. Sample Size Of Monthly and Yearly Inventory

3. Showing Profit Earned with Better Inventory Management

4 Shows Profit over Losses

5 Profit Earned In Last 5 years

6
 INDEX

Sl.No Particulars Page No.

1 INTRODUCTION 10-22
1.1 Overview Of Industry 10-12
1.2 Company Profile 12-17

2 INVENTORY MANAGEMENT 18-20

2.1 Objective Of Inventory Management 20-21

2.2 Scope & Limitation Of Inventory 22

Management
3 RESEARCH METHODOLOGY 24-28
3.1 Objectives 24
3.2 Scope of the project 24
3.3 Limitations of the project 24
3.4 Sample Size 24-26
3.5 Research Design 27
3.6 Data collection technique 28
4 DATA ANALYSIS & 29-34
INTERPRETATION
5 FINDINGS 35

5 SUGGESTIONS 36

6 REFRENCES 36

7
8
 1. INTRODUCTION

1.1 Overview of Industry

Every Sector of the Economy needs some part of the plastic for Packaging and other
purpose and this leads to a huge productions of plastic in the industry. These
polymeric materials are broadly categorized as commodity, engineering and
specialty plastics.
Commodity plastics account for bulk of the plastics for petrochemical industry. While
engineering and specialty plastics are plastics exhibits superior mechanical and
thermal properties and account for commonly used commodity plastics.
To manufacture finished products, polymers are processed through various types of
techniques namely extrusion, injection molding, blow molding and roto molding.
Various products manufactured through these processes are highlighted in the
following table (Refer Table 1)

Table 1: Classification of plastic products by type of process

Extrusion technique Films and Sheets, Fiber and Filaments Pipes,

Conduits and profiles, miscellaneous
applications
Injection molding Industrial Injection Molding, Household
Plastic products Technique Injection Molding and Thermo ware molded
luggage
Blow molding House wares, Toys, containers and Bottles
Technique
Roto molding Water tanks
Technique

It was in year 1957 that the plastic Industry made a start and after that they had a very
significant beginning with respect to production of raw materials and finished goods. Indian
plastic industry hosts 2000 exports and employees 4 million people. It comprises of 30,000
9
processing units out of which 85-90% are small and medium scale industries.

• In FY 2020 (January 2020), plastic exports stood at US$ 7.045 billion with the
highest contribution from plastic raw material at US$ 2.91 Billion Plastic Sheets
Films and Plates at US $1.22 billion and Packaging materials at US $ 722.47 Million

• India exported plastics raw materials worth US$ 813 million in October 2020, and the
export during April 2020 to October 2020 was US$ 5.58 billion.

• During April 2020 to February 2021 the total plastic export was US$ 6.73 billion and
for February 2021 it was US$ 630.94 million

• Indian Plastic Industry produces and export a wide variety of raw materials for
example soft luggage items, writing instruments, plastic woven sacks and bags,
sanitary fittings, electrical accessories fishnets, travel ware, and others.

• The Indian plastics industry offer excellent potential in terms of capacity,

infrastructure, and skilled manpower. It is supported by many polymer producers,
plastic process machinery and mold manufacturers in the country.

1.2 Company Profile

Overview of the Company

The KB Plastic started its Operation in year 2006. They are into manufacturing and
supplying of wide variety of Bubble sheet, PP and HDPE Film. They prefer manufacturing
the product a per the client requirement as this leads to better client satisfaction.
Their products are highly demanded by the client because of the rugged construction,
flawless finishing and accurate dimensions.

They have their own infrastructure facility at the premises with all types of tools and
machines required for the manufacturing of the Plastics those units are backup by the
highly qualified and experience professional
Basic Information

10
 Nature of Business Manufacturer
Company CEO Jay Shankar Gupta
Total Number of Employees 11 -25
Year of Establishment 2006
Legal Status of Firm Individual Proprietor
Annual Turnover Rs 5-10 Corer

Statutory Profile
GST No. 20 ACUPG9444L1Z6

Products & Services

As mentioned above the company produces variety of Bubble wrap sheet, PP Film sheet and HDPE
Sheets.

1. Bubble wraps Sheet: - It’s a Transparent Plastic used for packing fragile material. For
example, when shipping sensitive electronic parts and components, a type of bubble wrap is
used that employs anti static plastic that dissipates static charge, thereby protecting the sensitive
electronic chip from static which can damage them.
Another example of the bubble wrap sheet is making and order for a face wash that comes in
glass bottle from an ecommerce website and when the package arrives you see a bubble wrap
sheet around the bottle that is because it keeps the bottle from breaking provides extra
cushion and its very safe for the transportation of delicate products like fridge laptop mobile
computers and other products these are the items that we use directly or indirectly in our day
to day life’s and this makes the living simple and hassle free

2. HDPE Plastic: - HDPE is resistant to many different solvents so it cannot be glued. Pipe joints
must be made by welding examples of HDPE plastic is as below
a. HDPE is used to make sturdy bottles that resist oils. Transparent bottles are usually made of other
plastics.

b. HDPE Cans resist softening and swelling from aromatic components of fuels
c. HDPE is also used for Bottle Carets

When we purchase more than 5 liters of oil all together or when we purchase detergents they come in
a bottle those bottles are made of plastic and is the best example for HDPE plastic.
11
HDPE is the safest form of plastic and can be recycled with a cost effective process it’s very hard
and opaque and cannot break under high temperature. Another example that comes to my mind
while thinking of HPE plastic are the plastic stand that are used to keep plates or other stuff which
can be found in every household and it’s the most common item used in the houses.

So to conclude HDPE plastic are the most selling and the most used plastic that are used by
maximum households.

PP Film: - PP is a low cost thermoplastic of high clarity, high gloss and good tensile strength. It has
a higher melting point than PE, which makes it suitable for applications that require sterilization at
high temperatures.

PP is fully recyclable and can be easily reprocessed into many other products for many different
applications. However, unlike paper and other cellulose products, PP is not biodegradable. On the
upside, PP waste does not produce toxic or harmful by-products.
And is used for many common packaging applications for example candy, snack and food wraps.
Due to the low odor, high chemical resistance and inertness, many PP grades are suitable for
packaging applications under FDA regulations.

12
13
 2. INVENTORY MANAGEMENT

2.1 What is inventory??

Inventory is the stock of goods held for doing business. It is usually required to carry on the
business and its allied activities

2.2 Definition of Inventory

Definition OF Inventory

In General Sense In Business Sense It Includes

Inventory means
stock of goods
available for Sale in
the ordinary course
of Business
In Academic Sense it
Raw Material Stored in
means the stock of goods
warehouse, Work in Progress
which have demand and
(WIP) in production and
supply in the market and
finished Goods Available for
can be easily realized in
Sale
cash

2.3 BASIC TYPE OF INVENTORY

There are 5 types of inventory which is as below

1) Raw materials: - Raw materials are any items used to manufacture finished
products, or the individual components that go into them. These can be produced or
purchased from supplier. For example: A business that makes its own furniture may
purchase materials from a supplier. In same way a business supplying specialty
herbs may actually grow this itself. Either way, raw materials are considered a type
of inventory and should be managed, stored and accounted accordingly.

2) Work-in-progress (WIP) inventory: - Work-in-progress (WIP) inventory again

refers to retailers that manufacture their own products. These are unfinished items or
components currently in-production, but not yet ready for sale.

14
 3) Finished goods: - A finished goods refers to the products that are complete and
is ready for sale. These may have been manufactured by the business itself, or
purchased as a whole finished product from a supplier. Finished goods are therefore
often (but not always) one of the only types of inventory needing to be handled within
retail inventory management.

4) Maintenance, repair & operations (MRO):- Goods MRO goods are items used
within the manufacture of products, but without directly making up any part of a
finished product.
This can include items such as:
Production repair tools.
Uniforms safety equipment
Cleaning supplies
Machinery
Batteries
Computer systems
And all items that are consumed or discarded during the production process. Small types of
inventory like this may seem menial. But MRO is inventory that still needs to be purchased
from a supplier, stored somewhere and accounted for in financial records.

5) Packing materials: - Packing materials are anything you use for packing and protecting
goods - either while in storage, or during shipping to customers. This is therefore
particularly important for online retailers.
And may include things like:
Bubble wrap
Padding
Packing chips
A variety of boxes
Many retailers don't think about packing materials when managing their inventory. But
stocks of these items need to be used and maintained regularly - and it's therefore
important to include them in overall inventory reporting and account.

15
2.4 IMPORTANCE OF INVENTORY MANAGEMENT
1. Accurate Order Fulfillment: - Suppose for example you place an order with an e-commerce
website and when the company sends the order to the warehouse only to discover that the product is
out of stock or a wrong product has been shipped, This is an example of poorly managed inventory
so if the brand needs to perform the inventory should be properly managed time should be taken to
develop a more robust plan can help brands avoid inaccurately filled orders, high volume returns and
a loss of customer base.

2. Better Inventory Planning and Ordering – It’s difficult to gauge which products are needed if
there isn’t a clear way to tell what products are already stocked. If online retailers don’t properly
manage the inventory they already have, they can easily overstock items, and some of these items
might not be strong sellers. Detailed inventory management mitigates these issues, allowing
warehouse managers to refresh inventory only when needed. It’s both space and cost-effective.

3. Increased Consumer Satisfaction – Customers that shop online are eagerly awaiting their orders,
and there’s nothing worse than when their orders arrive not-as-described, late or damaged. When that
happens, buyers are less likely to purchase from the brand again. On the other hand, good inventory
management leads to orders being fulfilled more quickly and shipped out to customers faster. The
enhanced processes can help ecommerce and online retail brands build a strong repertoire with
consumers.

4. Organized Warehouse: - A good inventory management strategy leads to an organized

fulfillment center. An organized warehouse results in more efficient present and future fulfillment

plans. This also includes cost-savings and improved product fulfillment for businesses utilizing the

warehouse for managing inventory.

5. Save Time and Money: - Due to improved ordering accuracy, efficiency, and product flow, good

inventory management results in saved time and money.

16
17
 3. RESEARCH METHODOLOGY

3.1 Objective of the Study

The main objective of the study is to study the inventory control techniques that are used by
KB PLASTICS to justify their inventory and better controlled Inventory leads to better
investment of working capital.

3.2 Limitations of the study.

The main Limitation of the study was collecting the data since it’s the Plastic Company the
End users are Widely Spread and the end user’s are generally small businesses and
manufacturer and hence getting in touch with them was difficult and hence we tried to
gather as much information from the organization about their clients and usage of the
plastic. KB Plastic was very cooperative in providing us all the information that we needed.

3.3 Scope of the Study

The Scope of the study is to Use various Inventory Management technique and to learn if
the techniques used by KB Plastic Limited is helping them to keep the inventories on track
and there is no wastages or loss and with proper management of Inventory company is
having profit

3.4 SAMPLE DESIGN

In The sampling Design we used the interview method were we spoke to the manager and
the director of the company to understand the inventory management techniques used by
the organization.

Since the organization is very small and don’t have much employee we tried to gather as
much information from within the organization. To support and help the project

18
We also took a sample of how the KB Plastic store their products in their warehouse have
attached few pictures which gives us the clear view of how inventory is stocked by KB
plastics.

19
Sample Size Of Monthly and Yearly Inventory

Yearly Inventory
Year Inventory in MT
2016 548
2017 609
2018 833
2019 1032
2020 912

Monthly Inventory
Month Inventory in MT
January 59
February 56
March 77
April 79
May 62

20
 3.5 RESEARCH DESIGN

For the Study of KB PLASTIC INVENTORY CONTROL MANAGEMENT we have followed

various method which are mentioned below

1. Interviewing Company’s head with regards to process they follow for inventory
Control.

2. Questionnaire method to study what employee feels about the company and the
policies of the Company

3. Filed Observation method as to understand how the production takes place and
how they stock the WIP Inventory and Finished Goods Inventory.

RESEARCH DESIGN

. INTERVIEWING QUESTIONNAIRE FIELD

METHOD OBSERVATION

21
 3.6 DATA COLLECTION METHOD

For the project and research we have used primary source as the data collection method.
Primary source of data are collected by the employees and the user of the products
Secondary source of data are gathered from the individual other than the user of the
products.

While completing my internship with KB PLASTICS LIMITED I have used primary sources
of the data to work on data analysis and interpretation.

PRIMARY SOURCE OF DATA: - Primary data collection by definition is the gathering of

raw data collected at the source. It is a process of collecting the original data collected by a
researcher for a specific research purpose. The primary source of data can further be
analyzed into qualitative and quantitative data

Qualitative Research Method: - This data does not involve number and mathematical
calculations. The best example of qualitative data is the questionnaire, Web survey chat,
Forms, Online communities etc. by this we try to study which product is popular among the
groups which are the user of the product.
By using the questionnaire method we try to study the inventory management of KB Plastic
Limited.

22
23
 4. DATA ANALYSIS

4.1 Techniques Used for Data Analysis.

In KB Plastic they generally use LIFO and FIFO method to keep a check on the Inventory.
But we have used other methods to check on the accuracy of the inventory management
Techniques that KB Plastic Follow.

1. ABC Analysis

Let’s understand this with the help of an example if we go to the market and pick a product
manufactured by Johnson & Johnson there may be various products in the market. Some
products may perform well; some average and some may be non performer products same
technique applies to all the industries.

Every single item we order may not have equal value and hence we do ABC analysis to
see which product requires our full attention.
When we do ABC Analysis the products are divided into three buckets A, B& C

The products that fall in “A category” are a product which give maximum profit and hence
requires maximum attention.
The Products that Fall under “category B” are a product that give less profit and hence less
attention is required
The Products that fall under the “category C” are products that are not so in demand and
hence should have a low level of inventory stocking is required

INTERPRETATION

While doing the Analysis of the KB PLASTIC through ABC Analysis we got to know
the Following Information (Questionnaire attached at the end)

1. The products that Fall Under category A is LDPE Bags, Pouches and Air
Bubble Film sheet( This Generates 15 to 17%) of the profit and hence this
products are produced in Large Quantities and needs maximum attention.
2. The products that fall under category B are those products that neither brings
profit nor loss to the business this products are Cable Tie and Polycoated
24
 Craft paper. The Investment is such products are not worth and hence this
type of products are produced only when demanded by the customer or client
3. They have a Retail Counter but the retail Counter Does Not bring them enough
profit and hence they are planning to close because that is incurring huge loss
to the business and due to Covid-19 the retail counters are not functional and
hence the investment made in those counters are not being returned.

Table2. Showing Profit Earned with better Inventory Management

Product Category Profit Earned With Better

Inventory Management
Product Category A- LDPE BAGs, 17%
Pouches and Air Bubble Films
Product Category B-Cable Tie, 10%
Polycoated Craft paper
Product Category C- Retail Counter 5%

Chart1. Showing Profit Earned with better Inventory Management

Profit Earned With Better Inventory

Management

Product Category A- LDPE BAGs,

Pouches and Air Bubble Films
Product Category B-Cable Tie,
Polycoated Craft paper
Product Category C- Retaul
Counter

It’s clearly visible through ABC analysis that KB Plastic is doing the inventory
management correctly and is getting good profits which in return means better
working capital.

25
 2. Just In Time (JIT)

We will now try to Study the Inventory Management of KB Plastic with the Help of JIT
(JUST IN TIME TECHNIQUE)

Just In time Technique helps the company to reduce excess inventory stock and also helps
in better inventory planning. Company produces or receive raw material as per the demand
and the finished goods is produced as per the demand

Interpretation
When we interviewed KB Plastic with Regard’s to how they manufacture the
products. The Company told us that they manufacture the products as per the
demand of the products that they receive and hence with this we come to a
Conclusion that with Just in Time Technique KB Plastic is doing a Great Job.

3. LIFO-FIFO TECHNIQUE OF INVENTORY MANAGEMENT

a. LIFO (Last in First Out) with this Method the new inventories are cleared first.
b. FIFO(First In First Out) with this method in Place we sell off the older inventories first
are there are chances that the older inventory may god bad or expire in case of
foods products.
If we go by the logic and experts opinion the FIFO method is the best and is used by most
of the companies as they prefer to clear the older stocks first this is the most easiest
method to implement and understand when was doing an analysis we got the know that
from the establishment of the company the company has been using the FIFO method.
LIFO&FIFO was first introduces in India in 1938 when this was approved by the congress
during that time only the handful of the organization was allowed to use this method. But
seeing good results this was then popularized and hence now being used by most of the
organization.

26
Month Units Price
January 100 800
February 100 800
March 100 825
April 100 825
May 100 825
June 100 850
July 100 850
August 150 875
September 150 875
October 150 900
November 150 900
December 150 900
1450

If we go through the accounting concept FIFO method, from the above table we can
calculate LIFO and FIFO
The cost of the oldest inventory*cost of the inventory sold (selling price of the inventory)
The total inventory in the company is 1450 out of which the inventory sold is 1100 so
1450-1100=350 is the inventory that is not sold,
If we follow FIFO method the calculation is as below

Month Units Price Cost of Goods Sold

January 100 800 80000
February 100 800 80000
March 100 825 82500
April 100 825 82500
May 100 825 82500
June 100 850 85000
July 100 850 85000
August 150 875 131250
September 150 875 131250
October 100 900 90000
Total 930000

So with FIFO method we can see the COGS is 9,30,000

Similarly we do the same thing for FIFO method

27
 Cost of Goods
Month Units Price Sold
March 50 825 41250
April 50 825 41250
May 50 825 41250
June 100 850 85000
July 100 850 85000
August 150 875 131250
September 150 875 131250
October 150 900 135000
November 150 900 135000
December 150 900 135000
Total 961250

So with LIFO method we can see the Cost of Goods Sold Shows 9,61,250

INTERPRETATION

In our Questionnaire when we questioned KB Plastic They Told us that they try to
sell of the older inventories as since it’s a plastic products the chances of those
getting damaged or spoiled is high.
Hence we came to a Conclusion that they follow strict protocols when come to
moving of the inventory and they try not keep extra stocks so the chances of
damage or overstocking of the inventories is less and hence they follow a very good
Inventory management Systems.
We also Questioned Them with regards to any Losses they have to Suffer in Terms
of finished Products as per KB Plastic the Losses are negligible and account only
2% to 3% Of the total Losses and hence its quite clear that with the good inventory
management they are having good profits which is also very visible in our ABC
analysis.
So with the above chart we can conclude that LIFO method is more attractive this is
because LIFO reflects higher inventory cost meaning less profit and less taxes to
pay so even though the company has profit this little manipulate the data and saves
some taxes for the company

28
 Chart 2. Shows Profit over Losses

Profit Over Loss

Profit
Loss

4. DEMAND FORECASTING

This is another very Reliable Inventory Management Technique in this the demand is
forecasted by the manufacturer or supplier before hand and the stock of the of the
most demanded products or raw materials are collected beforehand so that the
goods don’t go out of stock.

Demand Forecasting can be better understood with the help of ecommerce industry
when we shop online we find few products that goes out of stock that shows that
those are high demanded products and those require more attention from the
manufacturer. So in this case if the stock is not enough the products remain out of
stop for weeks or months. But if the inventory id managed properly and the demand
is forecasted in a proper way then these products will be back on stock with a week.

INTERPRETATION
Hence when in our questionnaire we questioned KB Plastic as to how they
reacts to high demands they had a simple methodology they are very well
aware of the products that are most demanded by the clients and hence the
production are also done based on the demands that are made by the clients
leading to less waste or loss of the products.

29
Overall we can conclude that KB Plastic Follows the Best Inventory
management techniques and also to conclude below is the profit scenario of
the company for past 5 years with which we can easily make out that the
company has never been to losses in the last five years.

Table3 Profit earned in last 5 years

Year Sales Purchase profit%

2015-2016 71,291,864.21 59,240,644.41 20%

2016-2017 79,241,853.72 66,516,465.41 19%

2017-2018 108,327,776.93 90,823,377.07 19%

2018-2019 134,207,236.90 127,381,415.40 5%

2019-2020 118,688,692.36 106,446,172.05 12%

Chart 3. Profit earned in Last 5 years

160,000,000.00
140,000,000.00
120,000,000.00
100,000,000.00
80,000,000.00
60,000,000.00
40,000,000.00
20,000,000.00
-
2015-2016 2016-2017 2017-2018 2018-2019 2019-2020

Sales Purchase Profit

30
 FINDINGS

1. The Company is into profits which are clearly visible based on their 5 yrs data.

2. The company Follows FIFO method for Their Inventory Management

3. Based on the analysis the Inventory Management of KB Plastic is good

4. The production capacity of KB Plastic is based on the client demand.

5. The main problem faced by KB Plastic during the time of production is manpower.

6. They stock the capacity is within the warehouse level.

7. The quality of the products manufactured is better and then others product in the
same category.

8. The work environment of KB Plastic is good and employees are treated as a family.

9. The Demand comprises of 60% to 70% of packaging material like Air bubble Films
which is used for packaging of delicate items

10. Last but not the Least the overall performance of the company is good and company
is earning good profits

31
 CONCLUSIONS AND RECOMMENDATION

The study was conducted to study the inventory management techniques’ used by KB

Plastic Limited and how their inventory management is helping them in this super fast

paced changing market.

For All the business customer is the king and it’s very important that all the productions that

we do satisfies the customer whether its general public or manufacturer each of them is a

customer to one another and hence in such scenarios it becomes very important that the

inventories are planned properly so that the demands can be meet on time.

Unfulfilled demand may lead to customer grievances which in turn will lead to defamation of

the company as everyone in today’s world goes with brand rather than normal and

unbranded products.

Even though the Inventory is managed properly by the companies and organization still

they face problems during the time of production, Inventory management does not only

include warehouse management and customer demand forecasting but the cost at which

inventory is procured also plays an important role in inventory management.

So to overall conclude this there are lots of vital factors that contribute to managing of

inventory. Better Inventory planning mean less working capital is required if inventory is

overstocked or the inventory contains item that are slow moving in the market there are

changes that the inventories can be damaged and hence the investment made on those

inventories are not worth so for better working capital management better inventory

management is required. Though working capital not only depends on inventory but it

possesses a part of it.

32
SAMPLE QUESTIONNAIRE

33
 REFRENCES

1. DGCIS (Directorate general of commerce intelligence and statistics) Published on May

2021, Indian plastic industry and exports https://www.ibef.org/exports/plastic-industry-

india.aspx.

2. Indian Mirror, Indian Plastic Industry Published on 2007

https://www.indianmirror.com/indian-industries/plastic.html.

3. KB Plastic Limited website https://www.indiamart.com/kb-plastics/

4. Wikipedia Types of Plastic Published on 23 June 2021

https://en.wikipedia.org/wiki/High-density_polyethylene,

https://polymerdatabase.com/Films/PP%20Films.html

5. Adams Mclntosh reviewed by seidel Published on November 21.2018 Scope and

Limitations of Inventory management https://bizfluent.com/info-8624995-scope-

limitations-inventory-systems.html

6. Objectives Of Inventory Control Management http://www.simplinotes.com/inventory-

control-meaning-definition-objectives-scope/

34