Inventory Control

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What is Inventory Control?

Inventory control is the supervision of the supply and storage and accessibility of items in order to insure an adequate supply without excessive oversupply.

Objectives of Inventory Control:

a. Ensuring availability of raw materials.

b. Ensuring minimal wastage.

c. Ensuring better customer service.

d. Ensuring manufacturing efficiency.

e. Control production level.

f. Ensuring economical purchasing power.

g. Optimization of investment and efficient capital usage.

Additional Readings:

1. Objectives and Elements of Production and Operations Management
2. Basic Stages and Objectives of Planning in Production and Operations Management
3. Relationship between Process of Planning and External Agencies
4. Selecting a Manufacturing Plant Site
5. Controlling, Total Quality Control, and Deming’s 14 Points
6. Quality and Cost Economics and ASQC Categories of Quality Cost
7. Example of Multiple Activity Chart and Work Measurement
8. Japanese vs American Production and Operations Management
9. Kaizen Framework and Kaizen vs McKinsey
10. Advantages of Automation
11. Concept of Appropriate Technology
12. ‘Just in Time’ Manufacturing
13. Preventive Maintenance
14. Total Quality Management and ISO-9000
15. Inventory Control

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