A STUDY ON INVENTORY MANAGEMENT IN TULYA BEVERAGES NARANAMANGALAM, PERAMBALUR DISTRICT

Abstract

Finance is the life blood of an enterprise. Every enterprise, weather big medium or small need a finance to carry its operation and to achieve its target. The business finance usually deals with the country. An inventory control is vitally important to almost every type of business, whether product or survey oriented. Inventory control touches almost every facets if operation. A proper balance must be struck to maintain proper inventory with minimum financial impact on the customer. Inventory control is the activities that maintainers stock keeping items at desire levels. In manufacturing since the focus is on physical product, inventory control focus on material control. The term inventory and stock are used interchangeability in general usage. However the term ―STOCK‖ is more relevant in trading firms where goods are purchased for resale. Inventory management is the integrated functioning of an organization dealing with supply of material allied activities in order to achieve the maximum co-ordination and optimum expenditure on materials. Inventory control is the most important of inventory management and it forms the nerve centre in any inventory management organization on inventory management system is an essential element in an organization. It is comprised of a series of processes, which provide an assessment of the organization‘s inventory. KEY WORDS: TULYA BEVERAGES, INVENTORY, RATIO ANALYSIS, COMPARATIVE STATEMENT