A Study on Inventory Management with Reference to MS Charan Windows Private Limited
Mr. Sedhuraman. M., B.Com (gen)
MBA (Finance and Operations) Student, Reg.No:43410448,
School of Management Studies,
Sathyabama Institute of Science and Technology, Chennai, TamilNadu.
Dr. Jeya Rani R., B.Sc., MBA., Ph.d
Assistant professor
School of Management Studies,
Sathyabama Institute of Science and Technology, Chennai, TamilNadu.
ABSTRACT
In the manufacturing sector, effective inventory management plays a crucial role in maintaining cost control and ensuring smooth operational efficiency. This research centers around MS Charan Windows Private Limited, a company that specializes in producing custom window solutions, and explores the inventory management practices it adopts to stay competitive in a rapidly evolving market. As customer demands fluctuate and competition intensifies, it becomes increasingly important for manufacturers like MS Charan Windows to implement robust inventory strategies that prevent stock outs, reduce excess inventory, and lower overall holding costs. The study aims to delve into the specific methods, technologies, and systems the company uses to monitor, control, and optimize its inventory levels throughout the production process. By maintaining the right balance between supply and demand, MS Charan Windows can not only streamline its operations but also enhance its profitability and ensure timely order fulfillment, leading to greater customer satisfaction. The research highlights the direct link between efficient inventory planning and a company’s success in terms of both financial performance and service quality. Key concepts examined in this study include stock control, supply chain coordination, cost minimization, production optimization, and overall operational efficiency.
KEYWORDS: inventory management, manufacturing industry, custom window solutions, stock control, supply chain, operational efficiency, cost reduction, inventory optimization, production flow, inventory planning, holding costs, profitability, customer satisfaction, inventory strategies, manufacturing operations.
