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Paperback A Study on Inventory Management and It's Impact on Supply Chain Book

ISBN: 6209637485

ISBN13: 9786209637483

A Study on Inventory Management and It's Impact on Supply Chain

In today's rapidly evolving global business environment, every organization strives to enhance its operational efficiency, reduce costs, and improve customer satisfaction. Among the various functions contributing to this goal, inventory management plays a vital role. It serves as the connecting link between production and distribution, ensuring that materials, components, and finished products are available at the right time and in the right quantities. In the manufacturing sector-particularly in the textile industry, where production processes are continuous and demand is highly fluctuating-effective inventory management is crucial for achieving smooth operations and sustainable profitability. Inventory management can be defined as the process of overseeing and controlling the ordering, storage, and utilization of components and finished products to ensure adequate supply without excessive overstock. The main objective is to balance the trade-off between inventory holding costs and stock-out risks.

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