Challenges Faced on Coir Industry During Inventory Management in Pollachi, Coimbatore

Challenges Faced on Coir Industry During Inventory Management in Pollachi, Coimbatore

Mrs. S. Priyanka1 ; Ms. M. Praveena2

1Assistant Professor in Department of Commerce with International Business at Dr. N.G.P Arts And Science College, Coimbatore

II- M.  Com (IB) Student at Dr. N.G.P Arts And Science College, Coimbatore

ABSTRACT:

A major player in the global market for natural fibre, the coir sector faces numerous inventory management issues that could negatively impact its operational effectiveness and financial success. This study examines the several challenges that players in the coir business have when it comes to inventory management, including problems like varying demand, insufficient storage facilities, interruptions in the supply chain, and a lack of sophisticated technological integration. This research determines the underlying causes of inventory-related inefficiencies and the effects of these issues on production schedules, product quality, and overall business sustainability using a combination of qualitative and quantitative analysis. Furthermore, the study examines current inventory management practices in the industry and suggests potential improvements, including the adoption of modern inventory management systems, better demand forecasting methods, and enhanced supply chain coordination. The findings provide valuable insights for industry players, policymakers, and researchers to address inventory-related obstacles and drive the growth of the coir sector.

Keywords: Technological integration, supply chain disruptions, demand forecasts, storage facilities, inventory management.