THE CONCEPTS AND STRATEGIES OF INVENTORY MANAGEMENT IN FMCG’S

the concepts and strategies of inventory management in Fmcg’s

E.Chaitanya¹, Sd.Althaf², K. Ashish Vardhan³, K.Naresh⁴, A.Harish⁵, Ch.Jyothi Sreedhar⁶

1,2,3,4 II BBA-BA  PB Siddhartha College of Arts and Sciences

5. Assistant Professor PB Siddhartha College of Arts and Sciences

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Abstract :

 Inventory management is an important aspect of corporate operations. It entails successfully managing the flow of commodities in order to meet client demand while minimising holding costs..   Demand forecasting, inventory optimization, and keeping safety stock are all important goals. The economic order quantity (EOQ) model assists in determining the optimal order quantity, whereas just-in-time (JIT) principles seek to synchronize production with demand.

ABC analysis ranks issues in order of   significance, and technology and vendor management are critical. Fill rate and inventory turnover are critical performance criteria for determining efficacy. To summarise, effective inventory management requires striking a balance between customer happiness and cost effectiveness.

This study is has been used descriptive research. The information collected from different research articles and have been cited where they it required. Mainly focused on MNC inventory management.

Key words: Inventory management, MNC,FMCG,TATA,ITC,HUL P&G, Descriptive Research.