This is Inventory Management. What is Inventory and Inventory Management ? Purpose of inventories Cost of inventories

1. INVENTORY
MANAGEMENT
Submitted to -
Prof. Ipsita Mishra

2. CONTENT Inventory Meaning
About Inventory Management
Purpose of Inventories
Costs of Inventories

3. MEANING OF
INVENTORY
All the movable goods that are
used in production
Refers to physical stock of
goods
Example :
Raw Materials, tools, office
supplies etc.

4. INVENTORY
MANAGEMENT process of controlling and
overseeing the goods a company
has in stock
tracking inventory levels, ordering
new stock, and managing the
movement of goods

5. PURPOSE OF
INVENTORIES TO MEET CUSTOMER DEMAND
AND UNEXPECTED DEMAND
PROTECTING AGAINST SUPPLY
SHORTAGES AND DELIVERY
DELAYS
QUANTITY DISCOUNT

6. FLUCTUATIONS IN DEMAND
PROTECT AGAINST INCREASE
IN PRICE

7. COSTS OF
INVENTORIES
It is divided into
three categories
cost incurred over
procurement, storage and
management of inventory
Ordinary Cost
Carrying Cost
Shortage or Stock-out Cost

8. THANK YOU
SUBMITTED BY -
RAJESH KUMAR DAS
22040210008