Inventory Management Essay Example | Topics and Well Written Essays - 2500 words

Inventory Management - Es reckon ExampleInventory items normally consist of the goods, fresh materials and finished products. All of these items are bumpn as money or profit for the owner of both specific organization. Campbell (2007) states that keeping track of raw materials, works-in-process and finished products are obviously critical to a participations bottom line.The aims and objectives of the research regarding inventory circumspection are to analyze various issues which are associated with the inventory commission process in any specific organization. Another purpose is to talk about the importance and significance of these issues in the process of inventory management. The plan of the cross is that those matters or issues, which influence the inventory management process of any company or organization, will be critically examined and studied in order to see their impact on the inventory control and management system and suitable solutions will be found in order to pr operly tackle any sort of issue that may appear in the organization regarding the process of inventory management.If we talk about the importance of inventory management system, we can say that inventory management is the root cause for the success of any company or organization. Zierden (2009) states that to be successful in todays market, dealers need to run through concrete inventory strategies and processes in place. If the company contains required amount of inventory items in the stock, the company never faces a demand-supply problem. Demand-supply issue always occur when the company gets out of stock and when the inventory stock level of the company is balanced, the company will never face the issue of less stock and high demand. stamp (2003) found that balanced inventories are very important for the companies because all companies, whether they are medium sized or a large sized organization, inventory management is the key to productivity and success.Piasecki (2003) found that