Impact Factor

7.883 Call For Paper

Share on

Author(s):

Mr. Sravan Moorthy. V | Mr.Rajkumar Narayanan
Keywords:

Inventory Management, Economic Order Quantity, ABC Analysis, Finished Goods Turnover, Production Planning
Abstract:
This Project Takes A Closer Look At How Inventory Is Managed At ABB India Ltd., Bangalore, A Well-known Company In The Field Of Power And Automation. Effective Inventory Management Is Essential For Any Manufacturing Company, And This Study Focuses On Understanding How ABB Handles Its Stock—whether It's Raw Materials, Work-in-progress Items, Or Finished Goods. The Research Is Based On Data From 2020 To 2024, And Uses Tools Like Inventory Turnover Ratios, Economic Order Quantity (EOQ), ABC Analysis, And Holding Period Calculations To Evaluate Performance. One Key Finding Is That While The Company’s Sales Have Grown, The Finished Goods Turnover Has Actually Dropped. This Could Mean That Products Are Staying In Storage Longer Than They Should, Which May Point To Issues In Production Planning Or Slower Sales. The EOQ Analysis Also Shows That There’s Room For Improvement When It Comes To How And When ABB Places Orders. Some Materials Are Being Ordered In Large, Inconsistent Quantities, Which Could Be Avoided With Better Forecasting And Planning.

Download Article