6
Economic
Order
Quantity
(EOQ)
Inventory
Management: A
Tool of Optimizing
Resources
in a
Manufacturing
Industry A Case
Study of Coca-Cola
Bottling Company,
Ilorin Plant
Adeyemi,
S. L.
&
Salami,
A.O.
Inventory management has become highly
developed to meet the rising challenges in
most corporate entities and this is in
response to the fact that inventory is an
asset of distinct feature. The inventory
management situation of the Nigeria
Bottling Company, Ilorin Plant has been
revealed using the EOQ model. It was
also seen that the company through a
well-built policy is able to handle its idle
stock without incurring unnecessary costs.
A basis for inventory planning and control
was also provided in this study. Though
looking through the inventory policy of
the company, it can be said to be dynamic
to some extent, but the analysis and
findings have revealed the need to remedy
some situations in the company's
management of inventory.
Analysis of
Inventory Control
Techniques: A
Comparative Study
V., Tom
Jose
Jayakumar,
Akhilesh
&
T., Sijo M.
Every organization needs inventory for
smooth running of its activities. It serves
as a link between production and
distribution processes. The investment in
inventories constitutes the most
significant part of current assets and
working capital in most of the
undertakings. Thus, it is very essential to
have proper control and management of
inventories.
The purpose of inventory management is
to ensure availability of materials in
sufficient quantity as and when required
and also to minimize investment in
inventories.
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