IMPACT OF DATA-BASED INVENTORY MANAGEMENT ON OPERATIONAL EFFICIENCY:A STUDY OF MADRAS PLASTICS

Inventory management plays a critical role in ensuring operational efficiency in manufacturing organizations. With the advancement of digital technologies, data-based inventory management systems have become essential for improving accuracy, reducing costs, and enhancing decision-making. This study aims to analyze the impact of data-driven inventory management on operational efficiency at Madras Plastics, a manufacturing firm in Tamil Nadu. The research adopts a descriptive design and uses primary data collected from 150 employees through structured questionnaires. Statistical tools such as percentage analysis, Chi-square test, ANOVA, and correlation analysis were applied. The findings reveal a significant positive relationship between data-based inventory management and operational efficiency, along with improved cost reduction. The study concludes that adopting data-driven systems enhances organizational performance.