Inventories are assets of the firm and require investment and hence involve the commitment of firm’s resources. Every firm is required to manage the inventories in such a way as to get the best returns. The inventory management seeks to maximize the wealth of the share holders by minimizing the cost of procuring and maintaining. Inventories are assets of the firm and hence involve the commitment of firm’s resources; managers must ensure that the firm maintains inventories at the correct level. The objective behind the inventory management is maintaining sufficient stock of raw materials ensuring continuous supply to production process for uninterrupted production schedule and minimizing the total annual cost of maintaining inventories Risk, Return, Beta & Sharp Value.
Inventory Management, VED analysis, EOQ, stock levels
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