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A PROJECT REPORT ON INVENTORY CONTROL MODEL FOR WIRELESS CENTER SUBMITTED BY: KAPOOR MANDEEP KHARVA KEYUR SHAH NAMAN INTRODUCTION: Inventory is one of the most expensive and important assets to many companies, representing as much as 50% of total invested capital. Managers have long recognized that good inventory is crucial. On one hand, a firm can try to reduce costs by reducing on-hand inventory levels. On the other hand, customers become dissatisfied when frequent inventory outages, call stock outs, and occur. Thus, companies must make balance between low and high inventory levels. As you would expect minimization is the major factor in obtaining this delicate balance. Inventory is any stored resource that is used to satisfy a current or a future needs. Raw materials, work in process and finished goods are good example of inventory. Inventory levels for finished goods are a direct function of demand. All organizations have some type of inventory planning and control system. Through inventory planning, an organization determines what goods or services are to be produced. In cases of physical products, the organization must also determine whether to produce these goods or to purchase them from another manufacturer. COMPANY DESCRIPTION: Wireless Center is a New York based growing Cellular company. In the last couple of years Wireless Center has increased its network from 9 stores to 15 stores.
Approximate Word count = 870
Approximate Pages = 3.5
(250 words per page double spaced)
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