Home ⇨ International Journal of Trade & Commerce-IIARTC
International Journal of Trade & Commerce-IIARTC
Impact Factor (IF):5.135 (COSMOS), IF:7.249 (ISRA), IF:3.721 (ISI)
ISSN:2277-5811 (P), ISSN:2278-9065 (O)
Frequency: Half Yearly
Literature Review and Survey of Inventory Control Policy with Various Demand Parameters
Inventory is the stock of goods and items in any business for the basis of sales and future production. The list may remain in the type of raw material, spare parts, and finished goods. Inventory management assists in many gains in the stock. It helps in sustain the list in a suitable quantity and supplying the same at the right timings. The managers of the firm try to develop different inventory policies to increase the profit of the firm. Different type of demands is the key policies from which manager increases the market and hence make the profit for the structure. In this paper, the latest work in the area of inventory control for various applications is presented.
View: 98
Download: 38
Author:Kamal Kumara, Ashok Kumarb*, and Meenuc
Abstract:Inventory is the stock of goods and items in any business for the basis of sales and future production. The list may remain in the type of raw material, spare parts, and finished goods. Inventory management assists in many gains in the stock. It helps in sustain the list in a suitable quantity and supplying the same at the right timings. The managers of the firm try to develop different inventory policies to increase the profit of the firm. Different type of demands is the key policies from which manager increases the market and hence make the profit for the structure. In this paper, the latest work in the area of inventory control for various applications is presented.
Keywords:Key Words: Inventory, Increasing demand, Price dependent demand, Stock dependent demand, and Time-dependent demand.
DOI:10.46333/ijtc/9/1/24
International Journal of Trade & Commerce (Vol: 9 Issue:1)
View: 98 Download: 38