The project entitled Inventory management includes detail studies about inventory. Every enterprise needs inventory for smooth running of its activities it serves as a link between production and distribution process. The word inventory is derived from Latin word “invent Arian”.Inventory means “tangible property held for the sale in the ordinary course of business”, in accounting language it means stock of finished goods only in manufacture concern, it may include raw materials, work-in progress, finished goods.Inventory management means safeguarding the company property in the form of inventories and maintaining it at the optimum level, considering the operating requirements and financial resources of the business. Inventory management emphasizes control over purchases, storage, consumption of materials and determining the optimum level for each item of investment.
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