A Study on Inventory Management at Shri Prabhulingeshwar Sugars and Chemicals Ltd, Siddapur, Jamakhandi

Abstract

The parents study is based on the Inventory Management with reference to the Shri prabhulingeshwar sugars and chemicals Limited, Siddapur. Material is very important factor of production in a manufacturing company. It is first and the most important element of cost. Direct and indirect materials purchased for stock purpose to be issued to different jobs, work orders or departments are required are treated as stock. We may also refer to the commodity used term “Inventory” which includes the stock not only of raw materials but also stores & spares, work in process, and finished goods. Legitimate control of materials is vital from the time orders for buys of materials are put with provisions until the point when they have been devoured. The question of material control is to assault material cost exertion with the goal that cost of material when it is bought, put away and utilized. Inventory is the physical stock of item that a business or production oranization keeps in hand in hand for effacing of affairs of its production inventories consist of raw materials, component parts supplies and finished assemblies which an organization purchase from an outside source and parts assemblies and finished products which the company manufacturing itself.