evaluate each of them beside the price negotiations and finally to approved

Evaluate each of them beside the price negotiations

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evaluate each of them beside the price negotiations and finally to approved supplier They visit the factory to check either any child labor or any environmental violation is being done at the factory. They are the quality supplier for their customers so They strive to maintain the best quality. Conclusion The subject of the study is inventory management at textile company producing 50,000 metres of cloth of 5 different qualities however, Gul Ahmed textile Company is a leading cloth manufacturing Company producing more 80 different qualities with a build-in capacity of 130,296 spindles, 223 wide widths, air jet looms and a well build production and finishing unit. Inventory management is one of the essential task which includes handling stock, storage matters, controlling purchase orders, counting frequency, and strategies to track the record purchase and requisition. Company is strong in terms of capital, infrastructure and trained labour. so, they are capable producing quantity demanded and management of goods properly. The way management is handling Inventory management in Gul Ahmed is a bit challenge to provide high quality product with a diverse price ranges according to seasonal demand, on time provision of product to retailors and customers in order to achieve business priorities effectively and efficiently.
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Recommendation Based on the observation and conclusion the following recommendation are forward in order to solve the problems identified and strength the existing section for effective inventory management. • The management of the factory should give attention for material displaced a very where in the department of the industry. Every In charge should know exactly where it is placed. • Quantity and quality of goods received should be specified before payment is authorized. • Proper authorization exists for inventory quantity removed from stock. • Incoming shipment should be accepted only if the receiving department has authorization in the form of a copy of purchase order. • Terms, prices, and clerical accuracy of redo’s invoice should be correct before payment is all authorized. • Inventory quantity should be adequately protected against losses from theft, spoilage, unauthorized withdrawal by employee. I.
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Appendices APPENDIX – I Interview Schedule 1. What system do you use for Inventory Management? 2. What is your EOQ? 3. How much Inventory do you hold at a time? 4. Do you keep Safety Stock? 5. What happens to dead stock? 6. How much time it will take for inventory to reach the production unit after order? 7. What is the Procurement Procedure? 8. What happens if the Quality of inventory is not as per perceived? 9. Do you take measure to keep separate inventory in separate Places? 10. What temperature required to Keep the Chemicals and dyes?
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