A Study On Inventory Management Practices: A Review

Abstract

Different organizations follow different type of inventory management practices; Inventory management practice is the type of activities that an organization follow in is the process of ordering, issuing, storing and trading inventory products held by that organization. Inventory management plays a key role in order management and acts as an integral part in supply chain management. Based on the existing literature, the present paper investigates types of inventory management practices followed by different form of organization. The main objective of the paper is to develop a conceptual framework of inventory management practices.