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International Journal for Research Trends and Innovation
International Peer Reviewed & Refereed Journals, Open Access Journal
ISSN Approved Journal No: 2456-3315 | Impact factor: 8.14 | ESTD Year: 2016
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Impact Factor : 8.14
Issue per Year : 12
Volume Published : 10
Issue Published : 115
Article Submitted : 19696
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| Paper Title: | CONCEPTS OF INVENTORY AND RELATED TECHNICAL TERMINOLOGIES: A LITERATURE REVIEW |
| Authors Name: | Dr. Jagdeep Singh |
| Download E-Certificate: | Download |
| Author Reg. ID: |
IJRTI_183948
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| Published Paper Id: | IJRTI2208274 |
| Published In: | Volume 7 Issue 8, August-2022 |
| DOI: | |
| Abstract: | The majority of firms have sizable inventories, and a sizeable percentage of their funding is allocated to them. It becomes essential to efficiently manage inventory (or inventories) to avoid costs associated with changing production rates, overtime, subcontracting, unnecessary cost of sales, and backorder penalties during high demand periods. Inventory is backbone and key element in any manufacturing business. Inventory is the part of supply chain where goods are moved from one place to another to satisfy the needs. Inventory management aids businesses in determining which stock to order when and in what quantities. Inventory is tracked from product acquisition to sale and the inventory management guarantees that there are consistently enough inventories to fulfill customer orders and proper warning of a shortage, the practice recognizes trends and reacts to them. There were ambiguities in understanding the inventory & related concepts and hence this study was executed to make the concepts clear on Inventory and its management. |
| Keywords: | Inventory, Inventory Management, Inventory Control, SCM, Logistics, Role of Inventory, Supply Chain, JIT, Inventory Types, Inventory Objectives, ABC Analysis, FSN, KPI |
| Cite Article: | "CONCEPTS OF INVENTORY AND RELATED TECHNICAL TERMINOLOGIES: A LITERATURE REVIEW", International Journal of Science & Engineering Development Research (www.ijrti.org), ISSN:2455-2631, Vol.7, Issue 8, page no.1784 - 1796, August-2022, Available :http://www.ijrti.org/papers/IJRTI2208274.pdf |
| Downloads: | 000205164 |
| ISSN: |
2456-3315 | IMPACT FACTOR: 8.14 Calculated By Google Scholar| ESTD YEAR: 2016 An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.14 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator |
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Published Paper ID: IJRTI2208274
Registration ID:183948
Published In: Volume 7 Issue 8, August-2022
DOI (Digital Object Identifier):
Page No: 1784 - 1796 Country: -, -, - Research Area: Engineering Publisher : IJ Publication Published Paper URL : https://www.ijrti.org/viewpaperforall?paper=IJRTI2208274 Published Paper PDF: https://www.ijrti.org/papers/IJRTI2208274 |
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ISSN: 2456-3315
Impact Factor: 8.14 and ISSN APPROVED,
Journal Starting Year (ESTD) : 2016
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