A Study on Inventory Control, Distribution and their Interrelationships in India

A Study on Inventory Control, Distribution and their Interrelationships in India


Introduction

All functions in any company or organisation are interconnected and related to each other, and they often overlap. The backbone of the business delivery function is supply chain management, logistics, and inventory management. As a result, both marketing managers and financial controllers rely heavily on these tasks. Inventory management is a critical function that affects the supply chain's health and has an effect on the balance sheet's financial health. Every business tries to maintain optimal inventory levels in order to fulfil its needs and prevent overstocking or understocking, which may have a negative effect on financial results.

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Inventory is always changing. Inventory management requires a continuous and thorough assessment of external and internal variables, as well as control through planning and review. Inventory planners are a distinct department or job function that constantly monitors, controls, and reviews inventory and interfaces with production, procurement, and finance departments in most companies.

For More Details About A Study on Inventory Control, Distribution and their Interrelationships in India Please Visit Our Website


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Any company that manufactures, trades, sells, or services a product must have a stock of different physical resources in order to facilitate future consumption and sale. While inventory is an unavoidable part of every company, it should be emphasised that companies keep inventories for a variety of reasons, including speculative, functional, and physical needs.

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