A STUDY ON INVENTORY MANAGEMENT OF AMARNATH MODERN RICEMILL, TIRUPPUR

Abstract

The implementation of an appropriate inventory management determines the financial health of a manufacturing firm. Hence, this paper reports the findings on the inventory management practices of Amarnath Modern RiceMill, which is situated in Tiruppur (Kangayam). The methodology used in this research are unstructured interviews, onsite study and annual reports analysis of the firm. The importance of inventory management to this business is to prevent stock out and ensure accurate record keeping. The inventory management technique that is being shown in this paper is ABC analysis. It main objective is to check the efficiency of control in the inventory management techniques that is being followed by this firm. It provides suggestions for the further improvement of its inventory control in the future