Manufacturing Processes
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Inventory control is vitally important to almost any type of industry, whether product or service-oriented. Investments in raw materials, spare parts, work-in-progress and finished products are all critical costs of operations which if not controlled can lead to high capital costs, high operating costs, and decreased production efficiency.
This book focuses on the problems of materials control in small-scale manufactur-ing industries. It explains how to optimize the available resources with a view to reducing material costs and achieving improved capital turnover. It also analyzes a few selected industries and critically reviews their performance in the area of inventory control.
The book is designed as a text on inventory management for postgraduate students pursuing courses in commerce, management, and business studies. It is also suitable for all those studying for professional qualifications such as CA, ICWA, and CS.
D. CHANDRA BOSE, Ph.D., Professor Emeritus of Commerce and formerly Principal, Sree Narayana College, Chengannur (Kerala), a constituent college of the University of Kerala. He has three decades of experience in teaching the undergraduate and postgraduate students of commerce. Besides, he has two decades of research experience in various areas of management, accounting and finance and has authored a number of books for professional and academic courses. He has also served as a member in the Faculty of Commerce at University of Kerala.
Dr. Chandra Bose is a research supervisor in the University of Kerala and has guided several research scholars. He has published several articles in reputed journals on network marketing, health tourism, working capital management, and so on. Dr. Chandra Bose is a recipient of several national and international awards and fellowships.
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