Inventory Management Strategies And  Control Techniqies: An Empirical Investigation  Of Small Scale Industries

Vipul Chalotra; Neetu Andotra

Volume : I, Issue : V, February - 2012

Inventory Management Strategies And Control Techniqies: An Empirical Investigation Of Small Scale Industries

Vipul Chalotra, Neetu Andotra

Abstract :

Effectual inventory management is vital for successful operations of any firm. Managers can augment the profitability of business by adopting proper inventory management control devices and competitive strategies. The present study highlights the inventory control techniques and strategies used in 44 small scale units operating in district Udhampur of J&K State. The research framework was examined by empirical analysis of primary data collected. Validity and reliability of the scales in the construct were assessed through BTS and Cronbach–alpha. The results of ranking tables revealed that inventory management assists in cost minimisation, fulfilling customers requirements & designing effective production scheduling, Economic Order Quantity (EOQ) being the main inventory control technique and Lot sizing the best ordering & inventory management methods used by SSIs.