Assignment KI DUNIYA

Explain  Inventory Control ? Inventories Control Techniques  ? Inventory Control  Inventory control is concerned with the  acquisition,storage,handling and use of inventories so as to ensure the availability of inventory whenever needed, providing adequate provision for contingencies, deriving maximum economy and minimizing wastage and losses .  Hence Inventory control refers to a system, which ensures the supply of required quantity and quality of inventory at the required time and at the same time prevent unnecessary investment in inventories.  It is one of the most vital phase of material management. Reducing inventories without impairing operating efficiency frees working capital that can be effectively employed elsewhere. Inventory control can make or break a company. This explains the usual saying that “inventories” are the  graveyard of a business. Designing a sound inventory control system is in a large measure for balancing operations. It is the focal point of many seemingly c