Enhancing Business Operations through Effective Inventory Management

Authors

  • Dr Shalini Gupta Associate Professor, Department of Commerce M PG COLLEGE MUSSOORIE

Keywords:

Business, Operations, Effective Inventory, Management

Abstract

This study looks into the significance of inventory management in achieving optimal business performance. The research delves into how precise demand forecasting and inventory control help businesses strike a balance between happy customers and low overhead. The ABC analysis and other theoretical frameworks as well as technology developments such as Enterprise Resource Planning (ERP) systems are explored in depth in this literature study. Case studies and statistical analysis are used as research tools to evaluate how different approaches to inventory management affect monitoring and decision-making in real time. Collaboration and communication between departments are highlighted as having a significant impact on supply chain efficiency, which is highlighted by the findings.

References

Kotler, P. (2000). Marketing Management (Millennium Edition).

Hayes, R. H., & Wheelwright, S. C. (1979). Link Manufacturing Process and Product Life Cycles. Harvard Business Review.

Pareto, V. (1907). Cours d'économie politique.

Simchi-Levi, D., Kaminsky, P., & Simchi-Levi, E. (2003). Designing and Managing the Supply Chain: Concepts, Strategies, and Case Studies.

Chopra, S., & Meindl, P. (2007). Supply Chain Management: Strategy, Planning, and Operation.

Bowersox, D. J., & Closs, D. J. (1996). Logistical Management: The Integrated Supply Chain Process.

Lee, H. L., Padmanabhan, V., & Whang, S. (1997). Information Distortion in a Supply Chain: The Bullwhip Effect. Management Science.

Jacobs, F. R., & Chase, R. B. (2011). Operations and Supply Chain Management.

Chopra, S., Deshmukh, S. D., & Meindl, P. (2004). Bullwhip Effect in Supply Chains. Annual Review of Control, Robotics, and Autonomous Systems.

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Published

30-07-2012

How to Cite

Dr Shalini Gupta. (2012). Enhancing Business Operations through Effective Inventory Management. International Journal for Research Publication and Seminar, 1(1), 121–125. Retrieved from https://jrps.shodhsagar.com/index.php/j/article/view/758

Issue

Vol. 1 No. 1 (2012): Volume 1 | Issue 1 | 2012

Section

Original Research Article

License

Copyright (c) 2012 International Journal for Research Publication and Seminar

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