A STUDY ON INVENTORY MANAGEMENT AT WHEELS INDIA LIMITED

DOI: https://doie.org/10.1101/Nerj.2024583641

Akshara Sree B J, Dr. S. Ramanathan, Prarthana H, Aravind K N, Aishwarya, B,Rahul R

Keywords:

Inventory, wheels India, Trend, Efficiency


Abstract:

Inventory management stands as a cornerstone of operational excellence across industries, with profound implications for cost-effectiveness and overall business performance. In the context of manufacturing companies, such as Wheels India Limited, efficient inventory control assumes paramount importance due to its direct impact on operational efficiency and financial health. This research endeavors to delve into the intricacies of inventory management within Wheels India Limited by leveraging financial statements to assess the soundness of its inventory practices.

At the core of effective inventory management lies the optimization of resources to ensure the availability of the right quantity of goods at the right time, place, and cost. For manufacturing entities operating in dynamic and competitive markets, adept inventory control becomes imperative to navigate through the complexities of production and distribution.

Furthermore, the study explores the utilization of inventory management technologies and systems by Wheels India Limited, such as inventory tracking systems. These technological advancements play a pivotal role in enhancing inventory accuracy, minimizing discrepancies, and streamlining inventory-related processes.

The findings of this research endeavor will not only illuminate the current state of inventory management within Wheels India Limited but also provide actionable insights and recommendations to optimize inventory control practices. By capitalizing on growth opportunities and fortifying its position as a frontrunner in the manufacturing domain, Wheels India Limited can enhance its competitiveness and sustain long-term success in the market.


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