Abstract

INVENTORY FLOW MANAGEMENT PROCESS: - FMCG (BEVERAGES) SECTOR

Shweta Rai

064-073

Vol: 2, Issue: 2, 2012

Inventory flow management system provides framework for achieving goals of top-line management. India is going through FMCG revolution, all the big business houses are entering this sector like Field fresh (Air Tel), TATA with Pepsi Co India etc. Our country also poses a big challenge to organized large FMCG particularly in beverages sector. A well managed inventory ensures that customers receive the products when they need them, in the quantities they need, and with the uniform high quality they expect. In this research paper, we discuss how to manage the flow of inventory through the FMCG manufacturing and distribution system. Globalization and integration of the world economy, the concept of extended enterprise has take root leading to an increasingly important role played by the entire inventory management system. The most important thing to an owner of business is to provide a quality product and service to his customers with the help of Inventory flow management system. Inventory flow management allows the management team to match the inventory to customer demand, while meeting the systems objectives for capacity, productivity, and profitability. In a competitive business environment, inventory flow is a critical part of business.

Download PDF

    References

  1. Public health security and bioterrorism preparedness and response ACT of 2002—U.S. Food and Drug Administration, center for Food safety and Applied nutrition July 17,2002
  2. Bio-security in the Meat Industry July, 2002 Edition Meat processing, North American Watt publishing Company 2002
  3. Heads Up for HACCP Michael Cramer edited by Jeremy Russell National meat Association October 15, 2001
  4. Different inventory management techniques Article by ksingh (2,292 pts) edited & published by jean Scheid(65,517 pts) on July 31, 2010
  5. Harris F.W (1913); How many parts to make at once factory: the magazine of management 10, 135-136, 152
  6. Silver , E.A & meal, H.C (1973): A Heuristic for selection Lot Size requirements for the case of a Deterministic time: Varying demand rate and Discrete opportunities for Replenishment, production and inventory management, 14, 64-74
  7. http://commons.wikimedia.org/wik/file:FEMA_25982_george_armstrong_takrn_on_08- 28-2006_in_Georgia
  8. Inventory management (OIC_CO3) article on inventory data from ECC to BI/BW system by surrender Kumar Reddy Koduru on 14 November 2009
  9. http://www.capgemini.com
  10. http://www.uk.capgemini.com/news/pr/pr 2144/inventory
  11. supply chain council (2000a), homepage http://www.supply-chain.org
  12. Towill, D.R., 1997, „the seamless supply chain-predator‟s strategic advantahe‟, international journal of technology management, 13(1), 37-55
  13. COYLE, J.; BaRDI, E.; NOVACK, R. transportation. USA: South-western College publicating, 1999. 512p.
  14. Efficient consumer response, http://www.ecr.org
  15. American production & inventory control society, http://www.apics.org
  16. Beamon, B.M., 1999, “measuring supply chain performance, ”International journal of Operations and production management, 19(3), 275-292
  17. Hartmut, s., and kilger, k., 2000, supply chain management and Advanced planning, hiedelberg.
  18. Stevens, G., 1989, „ Integrating the supply chain,‟ International Journal of physical distribution and materials management, 19(1), 3-8
  19. Kumar, D. 2002, “integrated lean supply chain design for inbound supplies,” IIE‟s lead management solutions conference, September 10-11, 2003, Atlanta, USA, “Vision: the journal of business perspective, MDI, Gorgaon, India.
  20. Davis, T., 1993, “effective supply chain management, “ Sloan management review, 34(4), 35-73.
Back

Disclaimer: Indexing of published papers is subject to the evaluation and acceptance criteria of the respective indexing agencies. While we strive to maintain high academic and editorial standards, International Journal of Research in Science and Technology does not guarantee the indexing of any published paper. Acceptance and inclusion in indexing databases are determined by the quality, originality, and relevance of the paper, and are at the sole discretion of the indexing bodies.

We are one of the best in the field of watches and we take care of the needs of our customers and produce replica watches of very good quality as per their demands.