This paper is published in Volume-6, Issue-1, 2020
Area
Commerce & Management
Author
Dr. Wakchaure Rajaram Nathaji
Org/Univ
Shridi Sai Rural Institute's, Arts, Science and Commerce College, Rahata, Maharashtra, India
Pub. Date
28 February, 2020
Paper ID
V6I1-1260
Publisher
Keywords
Inventory, Management, Industry, Manufacture, Material Control, Production

Citationsacebook

IEEE
Dr. Wakchaure Rajaram Nathaji. Inventory Management in Indian Industry (A study of Maruti Udyog Limited), International Journal of Advance Research, Ideas and Innovations in Technology, www.IJARIIT.com.

APA
Dr. Wakchaure Rajaram Nathaji (2020). Inventory Management in Indian Industry (A study of Maruti Udyog Limited). International Journal of Advance Research, Ideas and Innovations in Technology, 6(1) www.IJARIIT.com.

MLA
Dr. Wakchaure Rajaram Nathaji. "Inventory Management in Indian Industry (A study of Maruti Udyog Limited)." International Journal of Advance Research, Ideas and Innovations in Technology 6.1 (2020). www.IJARIIT.com.

Abstract

Material constitutes a very important position of total cost of finished product in most of the manufacturing industries. Therefore, proper recording and control over material cost is essential. Material control may be as, the regulation of the procedures for requisitioning, buying receiving, storing, handling and uses of material, also its applies the system for A, B, C classification of components is based mainly on cost and consumption of a particular component. This system also provides for various risk factors. The inventory management in Indian industry are developed in a systematically in the modern business world and also to evaluate the concept as well as precepts pertaining to inventory management develop in Indian industry, as a special reference of Maruti Udyog Limited (MUL).
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