A Study On Inventory Control And Revenue Management Using Fifo And Fefo Practice In Fmcg Sector

Abstract

The Efficient Management Of Inventory Plays A Vital Role In Improving Operational Performance And Maintaining Smooth Warehouse Activities In Manufacturing And Industrial Organizations. Inventory Management Techniques Such As FIFO (First In First Out) And FEFO (First Expired First Out) Help Organizations Reduce Wastage, Improve Stock Control, And Ensure Timely Availability Of Materials. This Study Focuses On Analysing The Effectiveness Of Inventory Management Practices With Special Reference To Hindustan Unilever Limited. The Research Aims To Examine The Inventory Methods Adopted By The Organization, Evaluate The Efficiency Of Warehouse Operations, And Understand Employee Perception Regarding Inventory Control Systems. Primary Data For The Study Were Collected Through Structured Questionnaires From Employees Working In Warehouse And Inventory-related Departments. Secondary Data Were Collected From Company Reports, Websites, Journals, And Other Relevant Sources. Statistical Tools Such As Percentage Analysis, Descriptive Statistics, And Chi-square Analysis Were Used To Interpret The Collected Data. The Findings Of The Study Indicate That Effective Inventory Management Practices Help Improve Stock Accuracy, Reduce Operational Delays, And Increase Overall Warehouse Efficiency. The Study Also Highlights The Importance Of Adopting Systematic Inventory Control Techniques For Better Organizational Performance And Customer Satisfaction.

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