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International Journal for Research Trends and Innovation
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ISSN Approved Journal No: 2456-3315 | Impact factor: 8.14 | ESTD Year: 2016
Scholarly open access journals, Peer-reviewed, and Refereed Journals, Impact factor 8.14 (Calculate by google scholar and Semantic Scholar | AI-Powered Research Tool) , Multidisciplinary, Monthly, Indexing in all major database & Metadata, Citation Generator, Digital Object Identifier(DOI)

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Impact Factor : 8.14

Issue per Year : 12

Volume Published : 7

Issue Published : 79

Article Submitted : 5528

Article Published : 3054

Total Authors : 7813

Total Reviewer : 540

Total Countries : 68

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Paper Title: CONCEPTS OF INVENTORY AND RELATED TECHNICAL TERMINOLOGIES: A LITERATURE REVIEW
Authors Name: Dr. Jagdeep Singh
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IJRTI_183948
Published Paper Id: IJRTI2208274
Published In: Volume 7 Issue 8, August-2022
DOI:
Abstract: The majority of firms have sizable inventories, and a sizeable percentage of their funding is allocated to them. It becomes essential to efficiently manage inventory (or inventories) to avoid costs associated with changing production rates, overtime, subcontracting, unnecessary cost of sales, and backorder penalties during high demand periods. Inventory is backbone and key element in any manufacturing business. Inventory is the part of supply chain where goods are moved from one place to another to satisfy the needs. Inventory management aids businesses in determining which stock to order when and in what quantities. Inventory is tracked from product acquisition to sale and the inventory management guarantees that there are consistently enough inventories to fulfill customer orders and proper warning of a shortage, the practice recognizes trends and reacts to them. There were ambiguities in understanding the inventory & related concepts and hence this study was executed to make the concepts clear on Inventory and its management.
Keywords: Inventory, Inventory Management, Inventory Control, SCM, Logistics, Role of Inventory, Supply Chain, JIT, Inventory Types, Inventory Objectives, ABC Analysis, FSN, KPI
Cite Article: "CONCEPTS OF INVENTORY AND RELATED TECHNICAL TERMINOLOGIES: A LITERATURE REVIEW", International Journal of Science & Engineering Development Research (www.ijrti.org), ISSN:2455-2631, Vol.7, Issue 8, page no.1784 - 1796, August-2022, Available :http://www.ijrti.org/papers/IJRTI2208274.pdf
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ISSN: 2456-3315 | IMPACT FACTOR: 8.14 Calculated By Google Scholar| ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.14 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
Publication Details: Published Paper ID: IJRTI2208274
Registration ID:183948
Published In: Volume 7 Issue 8, August-2022
DOI (Digital Object Identifier):
Page No: 1784 - 1796
Country: -, -, -
Research Area: Engineering
Publisher : IJ Publication
Published Paper URL : https://www.ijrti.org/viewpaperforall?paper=IJRTI2208274
Published Paper PDF: https://www.ijrti.org/papers/IJRTI2208274
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ISSN: 2456-3315
Impact Factor: 8.14 and ISSN APPROVED
Journal Starting Year (ESTD) : 2016

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