Ranking of Recompenses Apprehended through Proficient Inventory Management and Control in Cement Industry
Published: 2015
Author(s) Name: Vipul Chalotra, Neetu Andotra |
Author(s) Affiliation: Department of Commerce, University of Jammu, Udhampur campus, Jammu & Kashmir, India
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Abstract
The present research highlights some of the important benefits that proper inventory management assures, through the assistance of primary data collected from eight small scale cement firms operating in SIDCO & SICOP, under DIC (District Industries Center) in District Udhampur of Jammu & Kashmir State. The main recompenses apprehended were Assists in cost reduction, Satisfied customers, Liaison with market, and Builds goodwill. The results of the ranking table revealed that the variable Assists in cost reduction scores highest mean rank as it accrued to be the main benefit derived by the cements industry. The variable Satisfied customers received second rank followed by Liaison with market with rank three due to larger market distances and erratic production schedule. The variable Builds goodwill received the fourth rank.
Keywords: Inventory, Control, Management, Cement Industry, SSIs (Small Scale Industries)
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