Conclusion 13 Recommendation 14 Appendices 15 Aims of The Study Aim in

Conclusion 13 recommendation 14 appendices 15 aims of

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Conclusion ................................................................................................................................................. 13 Recommendation ...................................................................................................................................... 14 Appendices ................................................................................................................................................ 15
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Aims of The Study Aim in finishing up the activity of this analysis is: To review the inventory management at a textile manufacturing in a actually big way. Producing 50,000 meters of cloth of five different qualities, which definitely is fairly significant. This report contains information regarding diverse issues a businessman experience while conducting inventory management such as tracking inventory, controlling cost, manage planning and forecasting and reducing the time for managing inventory. This report will enable them to have better understanding regarding inventory management. Objectives of The Study Business is often dealing with inventory management issues, and at some point their enduring could be in various ways. So the objective of this research is to focus on the advantages of inventory management and how it can be more beneficial in managing business operations. By managing inventory 1. It will help you keep track of your inventory- how much is in stock and where. 2. It will help you assign stock to particular sales channels, which is essential if you have warehouses and distribution centers at different areas. 3. It will enable you minimize overall cost by reporting about the absence of right stock at the right time, abundance stock and furthermore about current stock doing well or not. 4. Consumers often suffer late delivery due to mismanagement of inventory and give business a bad reputation. 5. This research will enable to manage planning and forecasting which will enable the business to deliver on customer expectations. 6. This study will give solutions to become more effective by minimizing the time for managing inventory.
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Importance of Inventory Management Inventory management is very important for any business to become more effective while managing business operations and to become more profitable. It is an essential concern for managers in any organization. Businesses like textile industry the challenge is not only to minimize cost or to have bounty around to fulfill all demands but in order to become more efficient is to have the right amount of inventory at the right time to achieve business priorities effectively. When it comes to fulfilling the demand of customer’s inventory management helps a lot to purchase raw material of right quality in order to offer customers the fabric of right quality and with the help of inventory Management Company calculate the current demand to offer the right quantity to their customers at a right cost. So the industry (GUL AHMED TEXTILE INDUSTRY) we conducted our research offers various products which varies according to demand, trends, seasons etc. company makes all their products through a process in which first they send a manual indent to departments for materials Through proper inventory management company handles all these operations and offers various products.
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