SYNOPSIS

TITLE:-

Inventory Mangement in Asha Lata Mart.

INTRODUCTION

Inventory Management is primarily about specifying the size and placement of stocked goods. Inventory
management is required at different locations within a facility or within multiple locations of a supply
network to protect the regular and planned course of production against the random disturbance of
running out of materials or goods. The scope of inventory management also concerns the fine lines
between replenishment lead time, carrying costs of inventory, asset management, inventory forecasting,
inventory valuation, inventory visibility, future inventory price forecasting, physical inventory, available
physical space for inventory, quality management, replenishment, returns and defective goods and
demand forecasting. Balancing these competing requirements leads to optimal inventory levels, which is
an on-going process as the business needs shift and react to the wider environment. Inventory refers to the
goods stocked for future use. Every retail chain has its own warehouse to stock the merchandise to be
used when the existing stock replenishes .Inventory management refers to the storage of products to be
used at the time of crisis. The retailer keeps a track of the stocked goods and makes sure there is surplus
inventory to avoid being “out of stock”. Such a process is called as inventory management.

SCOPE:

This study on inventory management of a Operations department at ASHA LATA MART will give
knowledge about method of inventory management, and how it affects the pricing of the goods. This
research will also help in understanding the retail business in better way

OBJECTIVE:-

 To find out the efficiency of Inventory management in ASHA LATA MART.

 To study how inventory management practices plays an important role in supporting
other activities of an organization.
 To gain familiarity with the various methods and techniques followed by
ASHA LATA MART
 To gain an in-depth knowledge of the tricks of faster conversion of inventories into cash in ASHA LATA MART
 To find out the difference between the theoretical and practical aspect of inventory management.
 Various costs involved in inventory management.
 Effect of proper inventory management in pricing of the goods.
METHODOLOGY:

The methodology in the study of inventory management includes the collection of primary and secondary
data through the different methods of each.Data will be collected from existing records of the company.
Both present and past records were used.Secondary data is the information that already existing
somewhere which has collected to serve another purpose. In this study, secondary data has
been collected from the following sources:

 Company Records and Reports.

 Newspapers/Magazines.

 Various Websites.

Literature review:-

 Maintaining clear, correct, and current records.

 Providing safety stocks to meet unexpected demand or delay in inventory replenishment
 Acquiring an adequate supply and assortment of merchandise from which customer can buy.
 Purchasing the power assortment of goods in quantities that will maintain inventory levels
consistent with business requirement,while providing adequate safety stocks.
 Reducing excessive inventories promptly.

STUDENT DETAILS:-

NAME- ANKIT XALXO

ROLL NO- MBA/40078/20
DEPARTMENT OF MANAGEMENT(MBA)
SESSION -2020-22.
COLLEGE- BIT MESRA,RANCHI
(Lalpur off Campus)