Dr. Rakesh Kumar Malviya
Shaswat Dharmadhikari
Shubham Choudhary
Shubham Gupta
Varun Raghuwanshi
Abstract
The purpose of this study was to improve the inventory management policy adopted by Dugar TVS Showroom, a well-known and authorized dealer of automobiles in Indore. The objective of this study was to identify problems in the inventory management of above mentioned firm and improving it in terms of investment, categorization of items, customer satisfaction by timely delivering what is needed and when by proposing an efficient and effective analysis. This study employs the procedure of inventory audit and uses Selective Inventory Control techniques to improve the inventory status at Dugar TVS, Indore. A survey has been conducted for inventory management at Dugar TVS showroom to improve their inventory management policy. This study uses systematic observation, mathematical tools and graphical representation in ABC analysis for categorization of items integrated with the tool of XYZ analysis and FSN analysis as project methodology. The improvement in inventory status has been executed by identifying the category of each item which is A, B, C and/or X, Y, Z and/or F, S, N. A combined study integrating ABC, XYZ and FSN analysis was also performed to provide a comprehensive solution of inventory classification which is most suited to the firm as per their requirements.
Keywords- Inventory Management, Control Techniques, Case Study