Introduction of Gul Ahmed In the early 1900's Gul Ahmed started dealings in Textiles. It was included as a Private Limited Company in the year 1953. Later in 1972 it was recorded on the Karachi Stock Exchange. Since then it is making a rapid progress and is now one of the best joined textile industry in the world. It is a joined unit with a build-in capacity of 130,296 spindles, 223 wide width air jet looms and a well build production and finishing unit. INVENTORY MANAGEMENT Inventory management is the supervision of the inventory and stock of the company. It includes controlling, supervising the ordering materials and their usage. Quality Control: It is referred to as the process by which the company oversees the quality of its goods and raw materials. The major factor of Quality control is by visually examining the goods and raw materials. Gul Ahmed focuses on its quality control. After receiving the order, the store department intimate the departments to come and check their order. They check the quality of the materials they ordered. If the order has some defect it is rejected by the departments, inform the purchaser and send back to the suppliers. But if the order is up to the mark, then it is approved and located in the location area.
Cycle Counting: Cycle counting is the counting of a small set of inventories on a specific day. It is a major part of inventory management and gives more accuracy of the inventory. The most common cycle counting method is ABC analysis, in which the items are divided into number of count frequencies. Stock control: It is the process of maintaining the stocks of a company. It is supervised that the amount of stock which depends on the customer’s demand is maintained appropriately. The costs associated with the stock should be minimum. COMPONENTS IN INVENTORY MODEL Ordering Cost: It is the cost to start and process an order. It consists of cost of requisition and purchase order etc. Carrying Cost: It is the total cost of inventory in possession. It consists of rent, utilities and salaries etc. Shortage Cost: These are costs which incurred when there is no stock available in the company. These rare the losses from customers who no longer purchase from the particular company. Lead Time: It is the time of completion of a production process. Limitations It is important to mention the limitations of the study in the report. Limitations are some of the influences that are not in the control of researcher. Mentioning the limitation will avoid any criticism on the researcher about study conducted. Following are some of the limitations of this study: • Due to the shortage of time, the study was conducted with only few qualities of the mill. All the other qualities cannot be defined under this study.