An Analytical Study on the Influence and Relationship of Inventory Management in Organization�s Performance

Abstract

This paper focuses on the developments in advanced inventory control science. It explicitly inspected the influence and connection between inventory management and organizations performance. There are several factors associated with inventory management like accuracy in order placing, organizing warehouse better, improved efficiency, save of time and increase in profit.  Conferences with the managers of the company is aimed at defining the problems of inventory management as well as the process used by the organization. The relationship among inventory managements and company efficiency was calculated to be based on inventory levels including asset returns (ROA) analysis. The inquiry showed that company X would have a barely some inventory problems, for example, disordered inventory course of action, large measure of product days/no period checks and no reliable accounts of money owed to unqualified employees. The inquiry also showed that there would be a remarkable correlation among (ROA) including inventory levels. The paper also makes a recommendation to the company and for further study.